Welcome to AfterBankruptcyOnline.com!  We are here to provide a message of inspiration along with some helpful tips and instructions for those dealing with post-bankruptcy issues.

Get in the blocks

You have to start the race before you can finish it.  Get in the blocks, set a pace you can stick with, and perseverance will get you there!

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Don’t assume a post-bankruptcy credit score is lost forever to the depths of the abyss.  There are things you can do that just might bring it back.

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Jumping without a net?

Bankruptcy was a huge leap, and there’s no going back.

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Life after bankruptcy

From the blog…

Smart Way to Use Credit When You Are Starting Fresh

This post works for newbies with no credit history as well as it does for those of you who are starting over. In one scenario you have little or no credit history, and you are looking for a way to get history in your credit history. In the other scenario, you’ve already been through a personal financial crisis. It was a tornado that ruined your credit history and sent your credit score plummeting. Now, you are in recovery mode. Your income and expenses have stabilized. You have begun to clean up your credit report. (If not, take a look at this information about how you clear the wreckage.) Now you are ready to use credit to build your credit. The short answer is get some credit and use it carefully. Using credit is the only way to make new credit history. Using it properly is the only way to make good credit history. Ask yourself, “What’s the best way to use my credit account when I’m starting out or I am in credit recovery mode?” These suggestions will help you figure an answer. Create a personal credit ceiling. Look at your budget. What is the largest payment you can comfortably afford to pay each month? Comfortably means with a cushion, with money left over for emergencies. Multiply this by 12 months or less. The total is your personal credit ceiling. Don’t borrow more than this on your credit account… just don’t go there. For example: can you comfortably pay $100 per month? Then, multiply $100 by 12 months. Your personal credit ceiling is $1200. ————————————- Credit Tip: Do not...

How To Save Money On Your New Car Or Truck

Most car buyers know that leasing will reduce their car payment. However, many of those same buyers have never heard of something known in the car business as a “brass hat.” They don’t know that the brass hat is a factory executive demo/program car. They don’t know you can lease a brass hat vehicle for about one-third of the monthly payment for a typical purchase payment. You do this with the help of a relatively obscure lease opportunity available on something known in the car business as a brass hat. These brass hats are factory executive demo and program vehicles. They are typically very low mile cars drive by the executives at major car manufacturers. Most have not been previously titled. The buyer is the first owner. (If they have been titled, they were titled for use in a promotional program of one kind or another. In that case, they will have VERY low mileage, often less than 300 miles.) Brass Hat vehicles, such as these, go through a new car make-ready before they are sold, and they come with a full new car warranty. Actual Prices Change from Day to Day, Deal to Deal You Knew that Already, but the Lawyers Make Us Say It Anyway In the examples below you see the difference between new car purchase, lease, and the brass hat lease. For our example we will use an entry level sedan and a top of the line luxury vehicle: the 2015 Hyundai Elantra and the 2015 Hyundai Equus. Both of them will be the loaded versions with all of the typical upgrades that come with the “limited” and “ultimate” editions, respectively....

Warning: Distracted Driving Causes Bankruptcy (or Worse)

What is distracted driving? Distracted driving occurs when a driver operates a motor vehicle while doing other things that divert the driver’s attention from the primary task of driving. It is really simple. You cannot drive safely if you are engaged in activity that takes your mind off your job and your eyes off the road. After we have been driving for a few years, we do it by habit. We do not have to think about the many things that are required to drive properly. Because we learn to do it habitually, we can be deceived. We can be tempted to think we can safely do other things. The truth is that driving requires that we pay attention to the road ahead and the traffic around us. The first, last, and only important job of a driver is safe driving The driver of a motor vehicle has a duty to operate the vehicle in a safe manner. He or she has an obligation to care for the lives and safety of passengers, the safety of those riding in other vehicles, and pedestrians, as well as other vehicles in the traffic flow. The driver should wear one hat, and it says “driver.” It does not say “texter,” “telephone operator,” “DJ,” “MC,” or “waiter.” Those who drive while wearing other hats should go ahead and put on another hat that says “Killer. They cause death and destruction every day, everywhere they go. In the United States, distracted drivers are responsible for approximately TEN DEATHS each day. They also cause more than ONE THOUSAND SERIOUS INJURIES each day. Almost one out...

9 things to consider before you lease a car or truck

Many people find it more desirable to lease their vehicle rather than own it. Some do it for savings, some for convenience, and others because they want to drive a new car on a regular schedule. Did you know there is a federal Consumer Leasing Act that requires the vehicle leasing to provide information about the costs and terms of a vehicle lease. This information can help you compare lease offers and negotiate a lease that best fits your needs. You can use this guide to help you compare and contrast leasing a vehicle v. purchasing one. Ownership Lease: You do not own the vehicle. You use it for a specific period of time, then return it at the end of the lease. Purchase: You own the vehicle. If you finance the purchase, you make payments for the whole purchase price. Out-of-pocket costs Lease: Out-of-pocket costs may include the first month’s payment, a refundable security deposit, a capitalized cost reduction (like a down payment), taxes, registration and other fees. Purchase: Out-of-pocket costs include the cash price or a down payment, taxes, registration and other fees. Monthly payments Lease: Monthly lease payments are lower than monthly loan payments because you only pay for using the vehicle. The cost of using it includes depreciation, plus rent (lease) charges, taxes, and fees. Purchase: Monthly loan payments are higher than monthly lease payments because you are paying for the whole purchase price of the vehicle, plus interest and other finance charges, taxes, and fees. Early termination costs Lease: You are required to pay any early termination charges. Purchase: You are required to pay...

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