Credit Card Debt Attorney

Is It Possible to Get a Credit Card After Declaring Bankruptcy?

Call: 888-297-6203 Bankruptcy can tank your credit score. This fact is probably one of the most common reasons why people fear filing for bankruptcy. However, it will be surprising to know that rebuilding your credit score requires credit cards! According to Los Angeles based bankruptcy law firm Recovery Law Group , people fresh out of bankruptcy will find it a bit difficult to get the kind of credit cards they want. This is because bankruptcy alerts lenders of the inability of the individual to repay. Any credit card you get post-bankruptcy will charge you a higher rate of [...]

2019-09-03T11:36:59+00:00

Can the Chapter 13 Bankruptcy Plan be Extended Beyond Five Years?

People going through a bad financial phase often opt for bankruptcy to get rid of their debts. Individuals can either opt to liquidate their non-exempt property to pay their creditors under Chapter 7 bankruptcy or choose to repay their loans over a period of 3-5 years in Chapter 13 bankruptcy. However, if some claims persist even after the repayment plan is over, does the individual have the option of extending the repayment plan? According to Dallas based bankruptcy law firm Recovery Law Group, such a provision is not possible. However, bankruptcy lawyers at 888-297-6023 inform that you can [...]

2021-12-07T07:14:56+00:00

What Are the Possible Ways to Settle a Credit Card Judgment?

There are enough cases of credit card debts in Los Angeles. People have a surmounting amount to be paid as credit card loans. Most of these credit card loans are unsecured loans; which means the creditors cannot seize credit card owners’ assets if he/she fails to pay the loans. However, the creditor can take rescue and file a case against the debtor. Once he gets a judgment against the debtor, he can propel the debtor to respond in court and take steps to seize the debtor’s assets. For good advice on how to settle a credit card judgement, [...]

2023-03-13T09:36:15+00:00

How to Get Mortgage Post-Bankruptcy? – Read This Guide

Many people think that life after bankruptcy is like living in hell. However, this is just a myth. If you act wisely and take the right decisions, your life after bankruptcy can be quite smooth and back on track. You can also get a mortgage to build your own house but it takes about 2- 3 years for this to happen. Since the present day price of houses is quite huge, hence it is very obvious for the lenders to be much more cautious before lending. Thus, to get a mortgage post-bankruptcy needs proper guidance and planning. This [...]

2021-12-07T09:13:46+00:00

Filing Bankruptcy in case of Natural Hazard in Los Angeles

Natural calamities cause a huge impact on every individual’s life in every possible aspect. It takes several years for a person to overcome the losses caused by a natural disaster and to get back to a normal life. It causes great mental as well as financial peril on everyone’s life. Many people find it hard to overcome the financial burden due to pre-disaster debts accompanied by post-disaster losses. Hence there is a sudden boom in the number of people filing for bankruptcies immediately after a natural calamity. In recent years Los Angeles and Dallas, TX have seen many [...]

2023-01-12T06:02:23+00:00

Know These Things Before Hiring a Bankruptcy Attorney

Are you in debt and need immediate help for getting rid of the circumstances? Well, there are many ways out of which the wisest and easiest one is to file for bankruptcy. This method will help you to get a large part of your debts sorted and can also help you to get back on track to a normal life. However, you alone cannot file bankruptcy as one needs to know every minute detail of bankruptcy-related laws and rules while filing for bankruptcy. This is so because a plan that worked for someone need not necessarily work in [...]

2019-06-27T10:04:35+00:00

Laws to Secure Your Credit Reports

According to Javelin Strategy & Research, One of the financial advisory firms in the U.S., more than $100 billion has been gathered in fraud using consumer’s identification between 2011 and 2016. By keeping the identity of others, the criminals open new credit accounts and use that account to purchase the products. Thus, The fraudulent activity has enabled the criminals to cheat U.S. consumers to this large extent. Right now, There are new federal laws that can help the Americans to safeguard their identity and prevent theft. The law which is termed as Economic Growth, Regulatory Relief, and Consumer [...]

2021-12-08T04:03:39+00:00

How to Protect Yourself from Identity Theft?

Many people use the internet to transfer money through mobile or net banking and make payments online. But, Through identity theft, fraudulent people can siphon off financial information of people and use it for their financial gain. Your personal information can be used to get a new credit card and drain off your accounts. On the other hand, your bank details can be used to file a tax return in someone else’s name for getting a refund from the IRS. There have been many cases of identity theft being reported all across the country. Possibly, It is second [...]

2019-06-20T11:22:16+00:00

Can You Get Credit After Bankruptcy?

People who are undergoing severe financial crisis often abhor the idea of bankruptcy. This can be due to various myths associated with it such as it hampers your credit rating forever, you will lose all your possessions, etc. These myths can be quite a deterrent for people considering bankruptcy as an option for getting out of the financial mess. According to Dallas based law firm https://www.bankruptcyreliefcenter.com/, bankruptcy actually gives people a chance to improve their credit score. More often than not, it has been observed that credit score just prior to the bankruptcy filing and one year after [...]

2019-05-16T10:17:26+00:00

Should I Stop Using Credit Cards if I Aim to File For Bankruptcy?

Many people who are struggling with financial issues often consider bankruptcy as the means of getting out of a tough financial spot. However, if you wish to file for bankruptcy, it is important that you keep certain important things in mind as certain actions will be under scrutiny when you file for bankruptcy. Using credit cards, for example, is one such activity which might put you in a bad light when you file for bankruptcy (in either chapter). In fact, it may even have criminal consequences and may cause the judge to refute your claims for bankruptcy. [...]

2023-03-31T08:53:25+00:00
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