Credit After Bankruptcy – Why?

10 Jul Credit After Bankruptcy – Why?

Yesterday I posted about how to get credit after bankruptcy. But why do it?

Let’s pause here and maybe take a breath. Many clients are afraid of bankruptcy because they want credit for the future. Well, there’s credit and then there’s credit.

A mortgage or a car purchase is one thing, and having one credit card for a highway breakdown or vacation car rental is also just fine. Beyond that, you might want to take a hard look at what you are doing. Credit cards may have become a great convenience, but they sure can be dangerous. Living within means is kind of fun, even if not convenient. It’s a great feeling to have a savings every month.

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L. Jed Berliner practices exclusively in consumer bankruptcy, foreclosure defense, and related consumer protection litigation such as credit card defenses and suing debt collectors. He established his Springfield, MA practice in 1988. Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.

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