13 responses

  1. Declare Bankruptcy
    January 21, 2014

    Great post! All the information listed above is very important thing to know to improve your credit even after bankruptcy.

  2. Lisa Hittle@Credit Card Builders reviews
    April 29, 2013

    Great suggestions…How you can improve credit even after a Bankruptcy…Its really so informative financially stuff…

  3. Ultimate Smart Money
    January 14, 2012

    Is it better to not sign up joint accounts just in case something bad happens like filing for bankruptcy or forecloseing on mortgage? It still doesn't make any sense for anyone to not pay their loans by going through their debts. Long time ago, people got hurt by not paying their debt, right?

    • YFS
      January 14, 2012

      In my personal situation I do not have any joint credit with my wife. This allows us to essentially have two credit profiles to work with just incase something happens. Or two credit profiles to work with for leverage.

      So to answer your first question. Yes!

      I would say people still get hurt by not paying their debt. Collections stay on credit reports for 7 years. So, if you don't pay you will be negatively impacted.

  4. Hank
    January 14, 2012

    You may also be able to apply for a joint loan or credit card with your spouse if you had a personal bankruptcy that did not involve the other spouse as a way to help start to rebuild your credit.

    • YFS
      January 14, 2012

      Great suggestion Hank. I agree most people should leverage their spouse when getting out of bankruptcy. Of course this only works if you and your spouse didn't have joint credit in the first place. Do you think it is common for spouses to maintain and keep 100% separate credit profiles. We (Mrs. YFS and I) actually keep separate credit profiles but it seems uncommon amongst my friends/peers.

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