Summary

In this episode, host Louisa Larado shares her personal experience of rebuilding her credit rating after bankruptcy. She debunks common myths and misconceptions about bankruptcy and credit ratings. Louisa emphasizes the importance of paying bills on time, living within your means, and avoiding unnecessary borrowing. She also provides practical tips for improving credit scores, such as setting up direct debits, monitoring credit ratings, and disputing incorrect information. Louisa encourages listeners to take control of their financial future and make positive financial decisions.

Takeaways

• Paying bills on time and living within your means are key to rebuilding your credit rating after bankruptcy.
• Avoid unnecessary borrowing, such as credit cards and buy now, pay later schemes.
• Set up direct debits and auto drafts to ensure timely bill payments.
• Monitor your credit rating regularly to detect any discrepancies or fraudulent activities.
• Dispute incorrect information on your credit report and consider adding positive information, such as rent repayments, to improve your score.
• Remember that bankruptcy is not a permanent black mark and does not necessarily prevent you from getting a loan in the future.
• Take small steps towards creating a positive financial story for yourself and develop an abundance mindset.

Chapters

00:00 Introduction and Personal Experience
03:06 Misconceptions About Borrowing and Credit Ratings
05:35 Paying Bills on Time and Living Within Your Means
09:56 Borrowing Money and Managing Relationships
15:45 Avoiding Unnecessary Borrowing and Credit Cards
26:53 Debunking Myths About Credit Ratings
32:13 Bankruptcy as a Temporary Blip and Taking Control of Your Financial Future

Join the Bankruptcy To Bliss Facebook group for free support, training and inspiration to help you navigate your bankruptcy and change your money mindset.

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Disclaimer: The information contained on today’s podcast has been provided as general advice only. The contents have been prepared without taking into account your objectives, financial situation or individual needs. Before making any decision regarding the information, strategies or products mentioned on today’s podcast, please consult your own financial advisor or other professional first.

Louisa Larado shares the practical steps she took during her bankruptcy to improve her financial situation. These steps include opening herself up to better opportunities, learning new skills, creating multiple streams of income, streamlining her banking and expenses, living within her means, and working on her money mindset. By taking these steps, she was able to turn her financial situation around and create a better future for herself and her family.

Takeaways

• Open yourself up to better opportunities to earn money
• Invest time and money in learning new skills and educating yourself in personal finances
• Create multiple streams of income
• Streamline your banking and expenses
• Live within your means
• Work on your money mindset

Chapters

00:00 Introduction
03:43 Learning New Skills and Educating Yourself
13:57 Streamlining Banking and Expenses
24:58 The Game-Changing Step: Working on Your Money Mindset
29:53 Conclusion

Join the Bankruptcy To Bliss Facebook group for free support, training and inspiration to help you navigate your bankruptcy and change your money mindset.

Want more? You can follow me on Instagram or Facebook.

Disclaimer: The information contained on today’s podcast has been provided as general advice only. The contents have been prepared without taking into account your objectives, financial situation or individual needs. Before making any decision regarding the information, strategies or products mentioned on today’s podcast, please consult your own financial advisor or other professional first.

In this episode, the Louisa Larado debunks common myths surrounding bankruptcy. She addresses misconceptions about losing everything, losing your job, getting a loan, having your wages garnished, bankruptcy being publicly known, getting a rental, traveling, having savings, and feeling like a failure. Louisa shares her own experiences and provides reassurance that bankruptcy is not the end of your financial journey. She encourages listeners to seek professional guidance and emphasizes the importance of changing your money story and creating a positive relationship with money.

Takeaways

• Bankruptcy does not mean losing everything. You can keep your furniture, personal items, and vehicles under a certain value.
• Your employer does not find out about your bankruptcy, and most jobs are not affected by bankruptcy.
• You can still get a loan and have a good credit rating after bankruptcy.
• You can earn money and keep a portion of your earnings during bankruptcy.
• Bankruptcy is not publicly known unless someone pays a fee to access the bankruptcy register.
• Getting a rental and traveling are still possible during bankruptcy.
• You can have savings and a bank account during bankruptcy.
• Bankruptcy is not a sign of failure but an opportunity for a fresh start and financial growth.
• Seek professional guidance and change your money story to rebuild your financial situation.

Join the Bankruptcy To Bliss Facebook group for free support, training and inspiration to help you navigate your bankruptcy and change your money mindset.

Want more? You can follow me on Instagram or Facebook.

Disclaimer: The information contained on today’s podcast has been provided as general advice only. The contents have been prepared without taking into account your objectives, financial situation or individual needs. Before making any decision regarding the information, strategies or products mentioned on today’s podcast, please consult your own financial advisor or other professional first.

In this episode, host Louisa Larado shares her personal bankruptcy story and explains why she started the podcast. She talks about how she and her husband initially had financial success through property investing, but made some bad investment choices and were hit hard by the property market crash. They found themselves unable to pay their mortgage and struggling to provide for their family. After researching bankruptcy, they decided it was the best option for a fresh start. Louisa discusses the bankruptcy process, the impact on their finances, and how they were able to rebuild their lives after bankruptcy.

Join the Bankruptcy To Bliss Facebook group for free support, training and inspiration to help you navigate your bankruptcy and change your money mindset.

Want more? You can follow me on Instagram or Facebook.

Takeaways

• Bankruptcy can provide a fresh start and a clean slate for individuals and families experiencing financial hardship.
• It's important to seek professional advice and do thorough research before deciding to file for bankruptcy.
• Bankruptcy can have a positive impact on credit rating and the ability to borrow money after the bankruptcy period.
• Having a positive money mindset is crucial for overcoming financial struggles and rebuilding after bankruptcy.
• The Bankruptcy to Bliss podcast aims to provide support, training, and advice for individuals going through bankruptcy or financial hardship.

Join the Bankruptcy To Bliss Facebook group for free support, training and inspiration to help you navigate your bankruptcy and change your money mindset.

Want more? You can follow me on Instagram or Facebook.

Disclaimer: The information contained on today’s podcast has been provided as general advice only. The contents have been prepared without taking into account your objectives, financial situation or individual needs. Before making any decision regarding the information, strategies or products mentioned on today’s podcast, please consult your own financial advisor or other professional first.