As I've discussed several times before, many clients come to me seeking help regarding their debts, after having tried every way to salvage their credit.
Among efforts they have tried:
- Debt Negotiation with creditors
- Debt Consolidation companies
- Debt Settlement Companies
- Rolling the dice and hiding from creditor letters, phone calls and lawsuits
Nearly every client who come to me, stating that they have tried any or all of the above, have told me they just don't work, and they are in a worse position than they were before they started!
Nothing can be worse than putting all your "eggs in one 'credit basket" just to find out that the basket has a hole in it!! I've heard nightmares of these companies who promise the world and do little but cash the debtors check. There have been lawsuits filed in various states in hopes to shut down this consumer fraud that is rampant in the credit-debt world.
We are here to help. Talk to an experienced attorney who handles debt matters for clients on a day to day basis. Bankruptcy could be the answer, even if it sounds scary. Not to worry, things get better after bankruptcy.
Credit scores nearly always improve if you can take the lesson to heart and start rebuilding credit. Bankruptcy clients are getting credit after bankruptcy. They are!
My clients are getting credit cards, loans, car notes, and even homes after bankruptcy.
It does not take forever either! Often a debtor can start rebuilding credit almost immediately after the discharge. You don't need to wait 7 years, which is a horrible misconception I hear all of the time.
With the bankruptcy law change from 2005, Congress now requires debtors to receive debt counseling. In fact,they have to take 2 courses in order to be discharged of their debts in bankruptcy.
These classes can be done online, by phone or in person, and are relatively inexpensive, from free up to about $50 or so for each course.
They offer long term solutions to help get back on track to teach you the real life tools that high school and college often do not!
For a free bankruptcy consultation in Illinois, we are available to help get you on the path to financial freedom.
It's a free consultation, it can't hurt!
Terry
