Bankruptcy is a legal process that can provide relief to honest, but unfortunate, debtors. When you are in a bankruptcy, no unsecured creditor can garnish you your wages, or initiate any other collection action against you.
How can you re-establish your credit after bankruptcy? An open, affordable loan after bankruptcy, which you pay back on time every month. It’s the most direct way to repair your bad credit rating.
All loans should be with a company that reports your payments regularly to a credit bureau. Payday loans do not report to any credit bureau except when you default on their loans. Credit card payments are also reported to a credit bureau. Always make more than the minimum payment. Do NOT use up to the limit.
If you have equity in your home, you can apply for an unsecured loan with Prudent Financial. A Borrow With Your Home loan is NOT a second mortgage, so there isn’t all the paperwork that goes with a registered second mortgage. And only one owner needs to sign for it. So, it’s convenient!
⛱ Happy August! ☀️
Summer is flying by and back-to-school will be here before we know it. If you're looking for fun family activities to fill your August calendar, we've got you covered: •KidZfest at Canada's Wonderland (running until Aug. 5)
•OPWSA Family Day with the Blue Jays (Aug. 11) •Free admission to the ROM from 5:30-8:30 (Aug.19)