Articles Tagged with Credit Report

Bankruptcy Lawyer Bryan W. Stone answers the question: “How do I find a bankruptcy attorney in Charlotte?”

If you are considering filing bankruptcy because you cannot pay off your debts, you need to speak with an experienced lawyer to obtain as much information as you can.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I keep my house if I file bankruptcy?”

Many debtors are concerned about how filing for bankruptcy would affect their chances of buying a house. Contrary to popular belief, assuming you would otherwise qualify, you will not have to wait a decade after a bankruptcy filing before you can buy a house. However, there are several things to do when purchasing a home post-bankruptcy.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Does my spouse have to file bankruptcy if I do?”

A 2019 study found that divorce or separation is some of the most common reasons for filing for bankruptcy in the United States. Other reasons that drive hundreds of thousands of Americans into bankruptcy each year include unaffordable mortgages or foreclosures, spending beyond one’s means, providing financial help to friends or family members, and student loans.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Should I file bankruptcy?”

Something many people worry about when considering whether or not to file for bankruptcy is the potential impact the bankruptcy could have on their employment prospects. The reality is that some employers run credit checks and the fear is that this could reveal the bankruptcy and end up costing you a job. To find out more about how filing for bankruptcy can impact your employment prospects, keep reading.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 13 bankruptcy?”

If you’re considering filing for bankruptcy one of things you’re likely concerned about is the impact filing can have on your credit report and thus on your financial future. Filing now may be the right thing to do, but you also likely have plans for down the road that you don’t want to see go up in flames thanks to the bankruptcy. Some are curious to know whether one type of bankruptcy is better for your future credit score than another. To learn more, keep reading.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get credit after filing personal bankruptcy?”

Most people realize that co-signing on someone else’s loans has it risks, the person might not pay and you would then be stuck with the debt. But what happens if the person you asked to be your co-signer is having financial problems and ends up filing for bankruptcy? What will happen to you then? To find out more about what can happen when a co-signer files for bankruptcy protection, keep reading.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I buy a home after bankruptcy?”


Many prospective borrowers emerging from financial hard times after personal bankruptcies peaked in 2010 are seeking to reenter the housing market. Experts caution borrowers from rushing into a mortgage too soon after bankruptcy and having to pay a high rate of interest on a loan.

FHA Home Loan Charlotte Bankruptcy Attorney Mecklenburg Debt LawyerThe better a person’s credit score, the more competitive interest rate a person can get on a mortgage loan. People who go through bankruptcy usually exit the process with credit scores in the low 500s.

Credit expert John Ulzheimer of cautions that while borrowers with minimum scores of 620 can qualify for mortgages, these loans can come with steep price tags, or high interest rates. Ulzheimer said prospective borrowers need a minimum score of 680 to qualify for truly competitive interest rates.

Looking at the 680 number, many borrowers who have exited bankruptcy may ask: How do I get there from here?

Personal bankruptcies stay on a person’s credit report for 10 years. That does not mean, however, that it takes 10 years to rebuild a person’s credit to a point at which one may qualify for a mortgage.

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