Credit Health

How Filing Bankruptcy Will Impact Your Credit Score If you are considering filing bankruptcy, you likely have a lot on your mind. One of the questions is likely how bankruptcy will impact your credit. Fear of being unable to qualify for a future home loan or other forms of credit is the number one hesitation of consumers considering bankruptcy. The hard truth is that bankruptcy will impact your credit, but you can recover and qualify for the life you want. Immediate Credit Impact The good news is that a bankruptcy will either clear your debts or set you up on a [...]

How to Get Help for Credit Card Debt Georgians carry the seventh heaviest debt burden in the nation. With debt outpacing income, it is easy to become overwhelmed by credit card debt. It is no surprise, then, that bankruptcy filings in the south have remained steady, or even climbed slightly, as the rest of the nation benefits from a stronger economy. Dealing with Credit Card Debt When financial pressures and high-interest rates make credit card debt impossible to pay off, you may not know where to turn. You have options, though, and an experienced attorney can help you to evaluate those [...]

Reconstructing Credit Post Bankruptcy Bankruptcy may lead to a considerable decline in one's credit score. In several cases, however, these credit numbers could be at rock-bottom, thanks to credit card debt non-payment and missed payments on a mortgage. Bankruptcy-filing could actually result in credit score improvements since a majority of the entire unsecured loan would be negated, and discharging the loans again during bankruptcy won't be a possibility for several years. It's good, either way, to begin rebuilding the credit score quickly post-filing bankruptcy. Rebuilding the score is a demonstration of your ability to responsibly handle credit, your ability to promptly [...]