A3: Bankruptcy happens - so you don’t have to struggle with the emotional toll alone. Find support groups to talk openly with, shift your mindset to rebuilding, and let bankruptcy be a new beginning for a financially stable future #Finance #CreditChat Experian

A4: Bankruptcy will negatively affect a consumer's credit score up to 10 years which means it could take years to recover. Take credit and finance rebuilding efforts seriously, as the impact lessens over time, and improvement is possible #RebuildingCredit #CreditChat Experian

A5: A consumer's credit report will show bankruptcy for 7–10 years, but with implementation of financially responsible habits, consumers can rebuild their credit and regain financial control well before the remark is removed #CreditChat #Finance Experian

A6: Bankruptcy isn’t automatic. Consumers must qualify through a means test, and it’s different in each state and depends on the chapter filed. Also, although commonly believed, consumers can recover from bankruptcy and rebuild a financially promising future #CreditChat Experian

A7: Financial attorneys, such consumer debt attorneys, can help consumers evaluate their options as well as help you understand your rights (especially if being contacted or harassed by debt collectors) before, or while undergoing bankruptcy #DebtAttorney #CreditChat Experian

A8: Addressing the root issue of the consumer’s debt is important after declaring bankruptcy, as well as avoiding use of high-interest debt (such as credit cards), and ensuring consistent, on-time bill pay by budgeting regularly #SmartFinancialHabits #CreditChat Experian

A9: To rebuild after bankruptcy, ensure consistent, on-time payments to all debts, create a thorough and realistic budget and stick to it, stay away from high-interest debt and consider a secured credit card or becoming an authorized user #CreditChat Experian

A10: Financial recovery after bankruptcy means you’ve addressed the root issue that got you into debt in the first place and built new, healthy financial habits. To measure progress, review your credit report annually and look for opportunities to improve Experian #CreditChat

Excited to join today’s Experian #CreditChat on "Budget-Friendly Holidays: Giving Without Going Broke" - follow along for insights, tips, and helpful conversation!

A1: The holidays are for spending your time and energy with family and friends, not emptying your wallet on gifts. Meaningful gestures matter more than expensive presents, so there’s no need to add unnecessary stress or debt #CreditChat #SmartSpending Experian

A2: When gifting with large groups, try setting low spending limits to make it affordable, such as with Secret Santa or White Elephant, and be sure to set a price cap. Homemade gifts are another great way to gift while adding a touch of thoughtfulness Experian #CreditChat

A3: Though holiday spending often feels essential, it’s up to you to decide how much you spend on gifts. Create a realistic holiday budget and keep track of spending to ensure you stay within your means #HolidayBudgeting #CreditChat Experian

A4: In my book Life & Debt, I talk about tips on holiday budgets, such as making a list of gift recipients. If money is tight, consider asking friends and family if they are interested in setting a spending cap. I bet you'll be surprised how many say yes #CreditChat Experian

A5: Some budget-friendly gift ideas that can still feel thoughtful are homemade treats, photo books, a book you loved reading, a journal, a planner, or a few small items in a goody basket #CreditChat Experian

A6: I once received a handmade key chain. It became a favorite keepsake, reminding me of a great friendship. While the gift didn’t cost much, it’s been one of my favorites I’ve ever received #CreditChat Experian

A7: My favorite holiday tradition is watching holiday sports with my children and cooking together. It’s cozy quality time that means the most to my family, and there’s no spending required, which makes it even better #CreditChat Experian

A8: Checking in with your neighbors and friends, volunteering at local shelters, sharing home-cooked meals, or donating to food drives are great ways to give back during the holiday season, which shouldn’t interfere greatly with your holiday budget #Giveback #CreditChat Experian

A9: Starting shopping early is a great way to ensure holiday gift-giving doesn’t drain your wallet all at the same time. It’s also never too early to start saving for holiday giving, and by starting early, you can keep an eye on deals to help you save money #CreditChat Experian

A10: My intentions this season are to spend under my holiday budget and be present and thankful. I want to spend time with family and friends, my animals, and support the Guide Dog Foundation and America’s Vet Dogs programs #CreditChat Experian

Debt collector calls can feel scary... but you’ve got rights. I joined ABC 7 to break down what those rights are, what to say (and not say) on the call, and what steps to take if you’re unsure. 📰 Watch the full interview here: abc7ny.com/post/what-do-d…