Search Site
Menu
2190 N. Loop West, Suite 333 | Houston, Texas 77018
CALL FOR A CONSULTATION | SE HABLA ESPAÑOL 713-893-8509
How to Manage Your Credit During the Coronavirus Outbreak

The COVID-19 pandemic has dealt a double-edged blow to the U.S. economy. More than 30 million workers filed for unemployment benefits during the first two months that the coronavirus gripped the country. Although no one could have predicted such a national economic crisis, there are some prudent measures you can take to manage your credit, even if you’ve been laid off or have seen your income reduced significantly.

During an economic downturn, replacing the income you’ve lost can be a challenge, but you can take specific actions to help overcome debt fears, such as:

  • Be prompt and upfront — It can be difficult to talk about money troubles, even with the people closest to us. However, there’s no reason for shame, particularly at a time like this. Dealing with financial concerns immediately and honestly allows you to put an effective credit management plan in place.
  • Take advantage of relief that’s available — Along with tax rebate payments from the government and enhanced unemployment benefits, several federal, state and local programs have been launched to assist people who are having difficulty meeting their obligations. You may be able to reduce or defer student loan payments, housing costs, property taxes or other significant financial obligations.
  • Negotiate for more favorable terms — Millions of people are having trouble managing their budget, and companies are looking to secure revenue while avoiding the effort and expense needed to initiate collection efforts. Negotiating for revised terms that better suit your current circumstances might benefit both you and your creditors.
  • Seek counsel on whether bankruptcy is appropriate — When other steps aren’t sufficient to relieve your financial burden, bankruptcy gives you the chance to halt creditor actions and make a fresh start. Whether the best option is a Chapter 7 debt discharge or a reasonable repayment plan under Chapter 13, a skillful attorney can outline the necessary steps and put you on the path toward rebuilding your credit.

By working with an experienced lawyer, you can gain an informed perspective on your debt and credit matters. Moreover, he or she can represent you in a negotiation, a bankruptcy filing or some other aspect of your overall financial strategy.

Contact an effective bankruptcy attorney to discuss your debt concerns 

The Law Office of David A. Fernandez, P.C. provides knowledgeable counsel on bankruptcy and other methods of debt relief. To make an appointment with a qualified attorney, please call 713-893-8509 or contact the firm online.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Recent Lawsuits Filed Against Creditors
  • "MC vs. Conn's" - $553,000

  • "LC vs. Conn's" - $1,026,000

  • "AR vs. Conn's" - $778,500

  • "BB vs. Conn's" - $672,000

  • "GD vs. Conn's" - $636,000

In the News
  • Texas woman receives a $17,000 bill for a 2-mile ambulance ride

    HOUSTON, TX - Some rides can be very, very expensive. What started as a fun weekend with the gal pals in Galveston, ended in more than a big headache...

    VIEW ARTICLE
  • David A. Fernandez, Attorney Of The Month

    VIEW ARTICLE
Reviews
  • "David Fernandez won my case against Midland Funding. What a relief. Thanks so much" - Anthony

  • "David fought multiple of our suits and won when every other lawyer said it wasn’t possible. So thankful for his services" - Jennifer

  • "This guy is the BEST Lawyer I've ever hired. I've been in business for over 46 years and have NEVER won a lawsuit until now! Highly Recommended" - Ron

  • "Mr. Fernandez was the best! He took care of me when my own company's lawyers program did not. I will always recommend him" - Linda

  • "Mr. Fernandez goes above and beyond to help his clients. I highly recommend his law office." - Lorie A.

  • Martindale 2018 AV Rated Logo
    Martindale 2018 Client Champion Award Logo
    Lead Counsel Seal Logo
    2018 America's Top 100 Civil Defense Litigators Logo
    Who's Who Top Attorneys North America
  • Martindale 2018 AV Rated Logo
  • Martindale 2018 Client Champion Award Logo
  • Lead Counsel Seal Logo
  • 2018 America's Top 100 Civil Defense Litigators Logo
  • Who's Who Top Attorneys North America
Contact us

Quick Contact Form