Economic cycles govern our personal and financial lives. Life’s uncertainties—job loss, emergencies, foreclosures, bankruptcies—can severely damage credit. While financial crises can be daunting, they ...

Financial challenges can damage your credit if they cause you to pay bills late or miss payments altogether. This is because your payment history accounts for 35% of your credit score. Fortunately, ...

Bankruptcy will impact your credit for a period of time, limiting your ability to borrow new loans. If you’ve been through a bankruptcy, there are proactive measures you can take toward rebuilding ...

When struggling borrowers can no longer pay their creditors and they’ve expended all available options, the courts may allow them to reorganize their debts and protect some of their assets through ...

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Bankruptcy is a consequence of financial distresses like job losses, business losses, loss of wealth. Bankruptcy impacts ...