It may worsen it, at least temporarily. However, if most of a person's debts are ultimately paid off under a chapter 13 plan, that fact may be taken into account by credit reporting agencies. If very little is paid on most debts, the credit-rating effect of a chapter 13 case may be similar to that of a chapter 7 case.

Credit reporting institutions can report the fact that an individual filed a Chapter 7 for 10 years from the date the petition was filed. Even though this is reported, however, creditors may lend money to individuals who have filed bankruptcy - it is not illegal for creditors to loan money to you after bankruptcy, but it may be harder to find creditors willing to give loans. See similar questions...

Alcohol affects every organ in the body. It is a central nervous system depressant that is rapidly absorbed from the stomach and small intestine into the bloodstream. Alcohol is metabolized in the liver by enzymes, however, the liver can only metabolize a small amount of alcohol at a time, leaving the excess alcohol to circulate throughout the body. The intensity of the effect of alcohol on the body is directly related to the amount consumed. See similar questions...

No, you can't. We understand that occasionally an emergency will arise, which is exactly why we designed the Linkup system to respond to patterns, not individual instances. One flake factor due to an emergency will have a minimal effect or no effect at all on your ability to RSVP for events. However, someone with a pattern of "emergencies" will quickly find their ability to RSVP restricted. See similar questions...

Many people assume that making payments on time means they have good credit and being late with payments causes bad credit. Making consistently late payments will cause a bad credit rating, but your payment history only accounts for 30% of your credit score. Your make up of debt plays an almost equally important role. The make up of your debt can have a negative affect on your credit score. See similar questions...

Bankruptcy is a legal matter, and may be right for you. However, bankruptcy should be your last stop, not your first. It can stay on your credit record for up to ten years, and could make it more difficult to obtain credit in the future. See similar questions...

You may find it difficult to qualify for credit cards again, but that is not a bad thing. :) However, you will probably be receiving credit card solicitations in the mail again right after bankruptcy. You should throw such mailings away, and if possible, keep only one active credit card, ever, for the rest of your life, which card you should apply for after your bankruptcy. You should be able to qualify for a "secured" credit card, e.g., through Capital One. See similar questions...

Yes. You will have negative marks reported to the credit reporting agencies, such as delinquencies and charge-offs. Negative marks usually do not show up for 90 - 120 days after you begin the program. You can use a "credit clean-up" company to help you improve and restore your credit rating. See similar questions...

Most potential lenders require a minimum of two years of consecutive, on time payments, in order to consider you a positive credit risk. Christian Credit One's Debt Management Plan will help you make arrangements to bring delinquent debt payments current, make on-times payments, and then keep you current until you are debt free. Our counselors will review your credit report when you enter the Debt Management Plan and explain specific factors that may be affecting your credit rating. See similar questions...

It depends on the severity of the problem and how long ago it occurred. If you fall into this category, please contact one of our qualified advisers to discuss your situation. See similar questions...

The credit agencies should pick up on the fact that you have been made bankrupt. This will make it extremely difficult for you to obtain credit. You will find that banks will only allow you to operate a credit account. See similar questions...

Bankruptcies appear on a person's credit report for 10 years. However, many credit card companies will offer debtors new cards right after they receive their bankruptcy discharge. Some credit card companies deem newly discharged debtors a good credit risk because they know that the debtors cannot file another Chapter 7 bankruptcy for at least 8 more years. In most cases, debtors can start rebuilding their credit right after they receive a discharge. See similar questions...

Insurance companies use credit-based information to evaluate insurance risks and determine a consumer’s pattern of credit management. Some credit factors taken into account are payment history, public records such as bankruptcies or judgments, outstanding debt, and length of credit history scores. It has been statistically proven that the higher the credit score, the better the insurance risk. Individuals with favorable credit history generally file fewer and/or less expensive claims. See similar questions...

Creditors may place a notation on your credit report stating that you are participating in a debt management plan, and some lenders may view such a mark negatively. Although a ??????"credit counseling?????? notation is a neutral notation for FICO purposes, some creditors may not use this notation and instead use a notation with a negative connotation. Additionally, some lenders may view a credit counseling notation negatively despite the FICO treatment. See similar questions...