Hi there, this is Jonathan Ginsberg and I want to talk to you about rebuilding your credit after bankruptcy.
One of the first questions I get from prospective clients when they are thinking about filing bankruptcy has to do with what comes after bankruptcy. How can I rebuild my credit.
Here is my take on this important concern.
First, the passage of time will automatically cause a positive bump to your credit. In most cases we are looking at 6 months to a year for your credit to reach or exceed your pre-bankruptcy credit score. The reason for this is simple. The day before you file, you may have thousands or tens of thousands of dollars of debt. The day after your bankruptcy discharge most or all of that debt will be gone. Plus the bankruptcy law does not allow you to file another bankruptcy for up to 8 years.
If you were loaning money, who would be a better risk - someone with thousands of dollars of debt who can file BK tomorrow or someone with no debt who can’t file for 8 years.
So if you do nothing at all you will most likely see a positive bounce to your credit within a year after discharge.
Second, you can speed up the process by obtaining and using credit responsibly. This may be in the form of a secured credit card that becomes unsecured, or a credit union loan, or even getting a friend or relative to co-sign on a credit card or other purchase.
And, of course, more and more credit card companies are offering fresh credit to recently discharged debtors because they are debt free.
If you choose to use credit post bankruptcy, by all means go out of your way to make payments on time and to avoid tapping into more than 15% of your credit line. One tip I always suggest: use the reminder and alert functions that come with online access. I have my accounts set up for automatic checking account draft for the minimum payment and an email and text alert the week before my payment is due.
Third, pull a credit report - you can get all 3 reports free at annualcreditreport.com. Make sure that discharged debts do not remain your reports.
Finally, think about the questions on a credit application. They ask about your employment and how long you have lived in your current residence. Job and residence stability will help you rebuild credit so if possible avoid moving or changing jobs while you try to rebuild your credit.
The bottom line is this: time - 6 months to a year - will heal most of the wounds caused by bankruptcy. When you do re-enter the world of credit, do so carefully and cautiously.
This site provides links to random videos hosted at YouTube, with the emphasis on random.
The original idea for this site actually stemmed from another idea to provide a way of benchmarking the popularity of a video against the general population of YouTube videos. There are probably sites that do this by now, but there wasn’t when we started out. Anyway, in order to figure out how popular any one video is, you need a pretty large sample of videos to rank it against. The challenge is that the sample needs to be very random in order to properly rank a video and YouTube doesn’t appear to provide a way to obtain large numbers of random video IDs.
Even if you search on YouTube for a random string, the set of results that will be returned will still be based on popularity, so if you’re using this approach to build up your sample, you’re already in trouble. It turns out there is a multitude of ways in which the YouTube search function makes it very difficult to retrieve truly random results.
So how can we provide truly random links to YouTube videos? It turns out that the YouTube programming interface (API) provides additional functions that allow the discovery of videos which, with the right approach, are much more random. Using a number of tricks, combined some subtle manipulation of the space-time fabric, we have managed to create a process that yields something very close to 100% random links to YouTube videos.
YouTube is an American video-sharing website headquartered in San Bruno, California. YouTube allows users to upload, view, rate, share, add to playlists, report, comment on videos, and subscribe to other users. It offers a wide variety of user-generated and corporate media videos. Available content includes video clips, TV show clips, music videos, short and documentary films, audio recordings, movie trailers, live streams, and other content such as video blogging, short original videos, and educational videos. Most content on YouTube is uploaded by individuals, but media corporations including CBS, the BBC, Vevo, and Hulu offer some of their material via YouTube as part of the YouTube partnership program. Unregistered users can only watch videos on the site, while registered users are permitted to upload an unlimited number of videos and add comments to videos. Videos deemed potentially inappropriate are available only to registered users affirming themselves to be at least 18 years old.
YouTube and selected creators earn advertising revenue from Google AdSense, a program which targets ads according to site content and audience. The vast majority of its videos are free to view, but there are exceptions, including subscription-based premium channels, film rentals, as well as YouTube Music and YouTube Premium, subscription services respectively offering premium and ad-free music streaming, and ad-free access to all content, including exclusive content commissioned from notable personalities. As of February 2017, there were more than 400 hours of content uploaded to YouTube each minute, and one billion hours of content being watched on YouTube every day. As of August 2018, the website is ranked as the second-most popular site in the world, according to Alexa Internet, just behind Google. As of May 2019, more than 500 hours of video content are uploaded to YouTube every minute.
YouTube has faced criticism over aspects of its operations, including its handling of copyrighted content contained within uploaded videos, its recommendation algorithms perpetuating videos that promote conspiracy theories and falsehoods, hosting videos ostensibly targeting children but containing violent and/or sexually suggestive content involving popular characters, videos of minors attracting pedophilic activities in their comment sections, and fluctuating policies on the types of content that is eligible to be monetized with advertising.