January 26, 2024
Whether you’re in a challenging financial place from income changes or high debt that has just become too much to bear...Read More >
Many clients I meet come to me long after they should have come to see me to file for bankruptcy. Most of them think that if they ignore their debts long enough it will go away. I’m here to tell you it will not just go away and in fact bankruptcy can rebuild your credit quicker by filing bankruptcy than if you did nothing.
Once you are delinquent more than 90 days on one or multiple debts your credit suffers dramatically. At that point the worst has happen already and bankruptcy will not damage your credit any further. In fact, notifying your creditors through filing a bankruptcy that you can’t pay your bills anymore will mark a point in time when you can actually begin rebuilding your credit and get a fresh start.
Amazingly, after a bankruptcy discharge you receive offers for car loans and credit cards from the same banks that you discharged in your bankruptcy. So, if you use that credit sparingly and establish 3 accounts in good standing for could you get herpes from kissing a period of two years your credit can be in good enough shape to get regular interests and even qualify for a mortgage. So stop burying your head in the sand and call us today to work towards life after debt.