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A bankruptcy timeline

Debt Management 2006

Bad 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.
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Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 5.00%
$30K home equity loan
6.19% 6.21%
$50K HELOC
4.56% 4.58%
$75K home equity loan
5.97% 6.01%
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Your credit report has a long memory. Here's how to get it to forget your checkered past.
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