Credit Counseling

5 Suggestions to Mountain Climbing out from beneath Credit Card Debt

We're a rustic that is drowning in credit card debt. credit score card balances inside the America totaled $420.22 billion in overdue 2018. The common American family with credit card debt has approximately $6,9291 in revolving balances, which might be balances carried from one month to the next. it could appear not possible to get out from under debt that has mounted that high however consolidating your credit cards for a decrease charge may be a start. Credit Card Transfers Once people have a credit score card, they frequently do not take a look at once more for [...]


Can You Afford to Ignore Credit Card Debt?

Anyone can fall into a bad financial situation anytime. During the time of financial uncertainty, it is at times difficult to make even essential payments, due to which many people come to rely on their credit cards, unaware of the fact that the dues they are accumulating so will be harder to shake off. Increasing credit card debt can cause debt collectors and creditors to come knocking on your doors and take steps to recover their dues including wage garnishment. […]


Do You Know How Long Bankruptcy Stays on Your Credit Report?

Call: 888-297-6203 Struggling to manage your finances is more common than you think. When people have a huge amount of debts like credit card bills, student loan, etc. filing for bankruptcy might be an excellent way to get rid of them. However, there are consequences to this act warn Dallas based bankruptcy law firm Recovery Law Group lawyers. Bankruptcy can negatively affect your credit rating. Depending on which chapter of bankruptcy you file, it could remain on your credit report for as long as 10 years. However, people without any other option might end up filing for bankruptcy. Prior [...]


How to Get Creditors Names Removed from Credit Report After Bankruptcy?

Most people who have gone through bankruptcy are worried about the after-effects of the same. They would love to put this chapter behind them as soon as possible. One of the major concerns people who have filed for bankruptcy is getting the creditors names removed from the debtor’s credit report after completion of the Chapter 13 bankruptcy plan. However, according to Dallas based bankruptcy law firm Recovery Law Group lawyers, this is not possible. Experienced bankruptcy lawyers elaborate that neither filing for bankruptcy nor completion of bankruptcy plan will remove the accounts included in bankruptcy to be removed [...]


Review Your Credit Report before Choosing To File For Bankruptcy

Reviewing your credit report annually is extremely important so that you are aware of your current financial situation as well as checking if the information about your payments and debts is being accurately portrayed to the credit bureaus. People looking for a way out of the financial mess by filing for bankruptcy should make it a point to review their credit report before filing to ensure that all their creditors are included in the documents and schedules. As a part of the filing process, you are expected to list all your creditors. A simple mistake of omitting any [...]


Rebuilding Credit is Easy with These Steps

Though traumatic, filing for bankruptcy is an essential decision taken by people to get rid of dues which they don’t have means to pay off. Bankruptcy is of great assistance to people who have had continuous bad luck, which resulted in financial losses. Once the bankruptcy proceedings are over, bankruptcy filers get a fresh start with a clean financial slate. With some easy to follow steps, they can rebuild their credit score to live life comfortably. Here are some tips by lawyers of Los Angeles based law firm Recovery Law Group to help rebuild your credit: […]


The Best Way to Rebuild Your Credit Score after bankruptcy

Sometimes, one bad decision can be just the start of many such similar ones. Before you know it, you have amassed a bad credit score and huge loans which you have no means to pay off. This invariably leads to filing for bankruptcy which may seem like the end of the world. However, things couldn’t be farther from the truth as bankruptcy offers you a chance to wipe your slate clean. You could get rid of old debts which kept your credit score down and get a fresh financial start to rebuild your credit score. Bankruptcy and its [...]


How to Prevent Bank Levies

In case you have incurred huge debts and are in no financial condition to pay them off, the best resource available to you is to file for bankruptcy. To do the same you can either use one of the bankruptcy lawyers to file bankruptcy for you or you can do it yourself. However, as Sacramento based law firm Recovery Law Group explains, many times debtors filing for bankruptcy without any help from lawyers, end up into financial troubles like post-bankruptcy filing bank levies. […]