3 Bad Bankruptcy Myths You Probably Believe Setting the Record Straight
Myth 2: You can’t get a credit card or a loan after bankruptcy. TRUTH: It’s frustrating that, in order to improve our credit, we must take on more debt, but using a new credit card responsibly is one of the best ways to build up credit after a bankruptcy. Secure credit cards require a cash collateral deposit upfront, but they can help you rebuild your credit. Likewise, credit loans are still available to you. Myth 3: If you file for bankruptcy, you are a failure. TRUTH: Walt Disney. Abraham Lincoln. Harry Truman. These are just a few people who had to file for bankruptcy before they were able to go on and achieve greater success. Filing for bankruptcy does not mean you have failed. It means you are committed to succeeding. Bankruptcy is tough, but if you approach it with the right mindset and the right support,
Bankruptcy is a tough, stressful situation to be in, made even more difficult by the misinformation surrounding the topic. Though bankruptcy has been a financial option for a long time, there are still things people get wrong about it. Let’s take a look at some popular bankruptcy myths that might be leading you astray. Myth 1: As long as a bankruptcy is on your credit history, you will have a bad credit score. TRUTH: A bankruptcy may lower your credit score for a brief time, but you can still build your score back up with careful planning. You can start to raise your credit score following a bankruptcy by adding new lines of credit, paying all your debt off on time, and keeping credit card balances under 30 percent utilization. If you are diligent, it is possible to reach a good credit score just one year after a bankruptcy.
you can come out on the other side stronger than ever.
Are there any other bankruptcy myths you’ve been falling for? Get advice from an expert. Give Matthew Dunaway a call at 205-705-3590 and get the honest answers to the bankruptcy questions you’ve been asking.
Charred Chili-Cheese Corn Recipe of the Month
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You’ll find all of the flavors of elote, Mexican street corn, in this dish, without any of the mess. It’s the rare side that can outshine any main course.
Matthew 5:16 Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven.
Ingredients • 4 ears of corn, husked • 4 tablespoons high-smoke-point oil, such as canola or vegetable • 1 large shallot, thinly sliced • 1/2 red chili (such as Fresno) or jalapeño, thinly sliced Instructions 1. Heat grill to medium. 2. Brush corn with 2 tablespoons oil and grill until visibly charred, 10–12 minutes. 3. Cut kernels off cob and combine with shallots, chilis, lime juice, cheese, and remaining oil.
• 1/4 cup fresh lime juice • 2 ounces fresh cotija cheese (or feta), crumbled • 1/4 cup cilantro • Salt and pepper, to taste
4. Season with salt and pepper, garnish with cilantro, and serve.
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