The Truth of Credit

What are the emotions you have when someone say’s the word “money”? Is it fear, anxiety or do you feel comfortable in the situation that you are in? Recently in an article by (Psychology Today) 20,000 respondents where ask which emotion they often associated with money. The results are pretty telling 71% listed “anxiety”, 51 [...]

YouTube is a great site for the open minded. Recently, I ran into a few videos by a Certified Public Accountant (CPA) by the name of Stacy Johnson. Mr. Johnson’s videos are a great resource for educating people on credit issues. You can visit his page by clicking here. Here is a [...]

Loan approvals are generally a decision based on credit score which in turn is based on your credit history. It’s obvious to say that a bankruptcy ruins your credit history, but it does not ruin it beyond recovery. The main issue is that bankruptcy not only leaves a negative stain on your credit report but [...]

Have you ever heard of a bankruptcy mailing list? You probably thought that you would quit receiving credit card offers after your bankruptcy, but because of a this list, you will receive more than ever! Credit card companies are eager to get your name after a bankruptcy, hence the need for such a list! They [...]

Bankruptcy, by definition, is when a debtor is declared - either by creditors or his own account - legally insolvent. But when a debtor falsely claims bankruptcy, attempts to conceal his assets, launches petition mills or files multiple claims, he is committing bankruptcy fraud which is a federal offense.

Concealment of Assets-accounts for the majority of [...]