By David A. Fernandez | Published February 28, 2022 | Posted in Bankruptcy | Tagged Tags: credit rating, credit repair, personal loan | Leave a comment
Credit Repair Efforts Didn’t Go as Expected? Restoration May Be a Better Plan
Credit repair, if handled right, can be an effective tool for rebuilding your reputation as a borrower. But if it doesn’t work out — whether you tried it yourself or used a credit consultant — you may find yourself still saddled by a negative credit history that’s keeping you from buying a house, getting a Read More
Read MoreWays to Escape From Medical Debt
Overwhelming medical bills have long been major causes of financial hardship and the problem has worsened during the pandemic. A summer 2020 survey showed that 46 percent of respondents had outstanding medical bills and 56 percent had medical debt sent for collection at some point in their lives. Medical debt is a driving factor in Read More
Read MoreHow Long Does a Bankruptcy Stay on Your Credit Report?
Many people fear that filing for bankruptcy will be a permanent black mark on their credit rating. They may avoid bankruptcy in the hope that they will be able to salvage their creditworthiness but instead end up digging themselves further into a financial hole. In truth, a bankruptcy filing has only a temporary effect, and Read More
Read MoreCreditors Offer Relief to People Who Lost their Jobs During COVID-19
During the recession caused by the pandemic, you probably received some sort of benefit from the government, such as stimulus checks, paused student loan payments or housing-related assistance. But you may still be experiencing financial hardship because of COVID-19’s impact on the economy. If so, you should consider taking advantage of additional debt relief options Read More
Read MoreHow Did I Get Here and How Do I Get Out? — Handling Debt During a Pandemic
Job losses and a reduction in supplemental unemployment benefits have led people through the Houston area to rely on credit cards and unsecured personal loans to try to make ends meet during the pandemic. Once temporary relief programs expire, many Texans will be facing repossessions, evictions and foreclosures. As debt relief attorneys, we are passionate Read More
Read MoreThe Most Common Causes of Bankruptcy
Many people may believe that bankruptcy usually occurs because of excessive spending and financial mismanagement, but this could not be further from the truth. The vast majority of bankruptcy petitioners are financially responsible people who find themselves in a financial bind after a run of bad luck that could have happened to anyone. Medical bills Read More
Read MoreFile For Chapter 7 Bankruptcy And Keep Your Retirement Savings
Most people work hard to plan for retirement by setting aside money in specified retirement funds. Whether you have savings in an IRA, 401(k), 403(b) or 457 Plan, the purpose remains the same: to provide accessible resources for a time when you are ready to stop working due to your age or disability. To encourage Read More
Read MoreIs Bankruptcy For Me?
During these tough economic times, many Americans are experiencing an inability to meet their obligations as they become due. Whether the inability is due to a loss of job, illness, the requirement to take a lesser salary, divorce or another change in your economic health, you do have options. As more and more people find Read More
Read MoreBankruptcy and Your Security Clearance
Many people know they need to file for bankruptcy but always seem to have an excuse for not reaching out to a Chapter 7 attorney in Houston. Nearly all of these excuses come down to fear: I am afraid that bankruptcy will ruin my credit score I am afraid that my boss will find out Read More
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