Credit Repair Articles

On October 17, 2005, the new bankruptcy law became effective and introduced some major changes in the bankruptcy process. Under the new law, anyone who wants to file for bankruptcy must first undergo credit counseling with a government accredited agency.

People suffering from debt problem often deal with debt collectors or debt collection agencies that resort to harsh tactics to force payment. If you’re in debt, how can you deal with this situation?

Having bad credit or a low credit score can really limit a person’s choices when it comes to money matters. Since most lenders require good or excellent credit, you may find it very difficult to get an approval.

Is it possible to get a credit card with high credit limit even with bad credit? Most people do not think so. Credit cards for people with bad credit are often expected to have excessive interest rates with many restrictions and limited credit line.