Debt Management 2006Bad credit When your credit rating is in a deep hole it's tough to get a good foothold.What happens before, during and after bankruptcy 3monthsTime to cut back You've established that you're heading toward bankruptcy.•Avoid using credit cards as much as possible.•Make sure you don't charge for luxury goods or take out cash advances within three months of filing.< | > << Previous story | Next story >> TABLE OF CONTENTS Reports and scores No credit Bad credit •Debt-o-meter •Getting in trouble •Bad credit hurts •Emergency plan •There's still a card for you •Bankruptcy myths Mixed credit Good credit Getting help Tools to useadvertisementRelated Links:Paying for basics with credit card a no-noFiance is $100,000 in debt3 options for debt woes, none of them goodRelated Articles:Make money moonlightingSpend emergency surplusCar loan in bankruptcy
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Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am thinking about a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche... Read more