Carlsbad Bankruptcy Lawyers – San Diego Bankruptcy Attorneys
Another lasting myth that Carlsbad bankruptcy lawyers must dispel is that filing for Chapter 7 or Chapter 13 debt relief protection will ruin your credit for tens years or longer. This is just not true. We see hundreds of bankruptcy candidates per year in San Diego and we want to assure you that your credit will be much better far sooner than in 10 years.
First, lets talk about your credit before you sought the help of Carlsbad bankruptcy lawyers. Most people don’t have great credit to begin with which is why they are considering a San Diego bankruptcy in the first place. In fact, your missed and late payments are worse for your credit than filing bankruptcy.
Next, lets discuss what happens to your credit after a San Diego bankruptcy. Once your Carlsbad bankruptcy lawyers file your Chapter 7 or Chapter 13 you will received a discharge. This discharge will wipe our all your debts from your credit history. You credit history will still show your filed bankruptcy in San Diego, but the effect of that debt relief filing is minimized every year. You must understand that someone who wipes out their debt and then keeps up with future payments is a much better credit risk than someone who spends years in delinquency.
Also, let’s discuss your ability to get credit after filing for Chapter 7 or Chapter 13 in San Diego. As Carlsbad bankruptcy lawyers, we see people receiving solicitations for credit within months of their discharge. True, the interest rates are a little higher and the credit limits a bit lower but you really should not be using your credit cards for anything but to build credit and true emergencies. If you are paying off your bills each month it really doesn’t matter how high the interest rate or low the credit limit. Remember you should be carrying a very low balance on these cards. For a complete rundown on how bankruptcy will effect your long-term credit call your local San Diego bankruptcy attorneys today.
We at the Law Office of Harold D. Thompson are San Diego Bankruptcy attorneys dedicated to helping you get out of financial distress. If your debts are piling up and you are looking for a “fresh start” call Carlsbad Bankruptcy lawyers that will fight for your rights. Bankruptcy fees start as low as $800.00. Don’t be fooled by big advertisers charging thousands of dollars. Call us TODAY at 1.888.590.1773 or visit one of our two websites at San Diego Bankruptcy Attorneys or My San Diego Bankruptcy.
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