Credit Reports: Get Them, Monitor Them!

credit reportCredit reports and scores are used for the purpose of advising a lender of the risk factors in lending a person money or advancing credit.  It is very important to maintain the accuracy of your credit reports.  Most commonly credit reports are incorrect after a bankruptcy filing.

Our office recommends that you check your reports at least once a year, if not twice a year.  So long as you are not requesting your credit “score,” you can view the report to check for any errors once in a twelve month period from Transunion, Experian and Equifax.  Free credit reports from all three credit reporting agencies can be obtained


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How Much Debt Do you Need to Have to File Bankruptcy?

This is a question we often hear from potential clients who are struggling with debt and aren’t sure whether bankruptcy is right for them.  While the bankruptcy code does contain some maximum limits, there is no minimum debt requirement.  Whether you have enough debt to consider bankruptcy is a very personal decision, and depends upon a number of factors.  Some considerations are:

  • Do you foresee a time when you’ll be able to pay off your debt, if your financial circumstances do not change?
  • Do you anticipate a change in your earning potential or assets that would allow you to pay off your debt in the future?
  • Is your debt the type of debt that could be discharged in a bankruptcy? (Ask your attorney if you aren’t sure.)
  • Is your debt preventing you from paying your basic living expenses for you and your family?

The answers to these questions may be able to help you make a decision about whether bankruptcy is an option you’d like to consider.  If you aren’t sure, or if you have questions, call or email us to make an appointment with an attorney so you can find out how bankruptcy would work in your situation.  With some information about your finances, we’ll be able to talk about your options and answer your questions.  The consultation is completely free and confidential, and there’s no obligation.  We’re glad to help you get the information you need to make an informed decision about your financial future.

Questions? Send us a message!
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Ready to Get Back on Track? We Can Help!

stress woman

We often meet with clients who have been “off the grid” for a period of time–people who have avoided credit, banking, and even filing taxes because they ended up with overwhelming debt or bad credit at some point in their lives and allowed it to keep them in-hiding from their creditors.  People in this situation are often embarrassed or ashamed about the state of their financial affairs, so they avoid dealing with these issues for long periods of time.  We know how discouraging it can be to live this way, and want you to know that there is help available.

Debt is about more than just money.  It’s about freedom–the freedom to make life choices, care for yourself and your family, and plan for the future.  And we understand that debt can be a serious weight on your shoulders that prevents you from moving ahead in life.  If you’re ready to take charge of your financial future, give us a call and come in for a free, confidential initial consultation.  Regardless of your financial past, we can talk to you about your situation, and explain whether bankruptcy can help you move onto the next stage of your life.


Questions? Send us a message!
Which of our offices is nearest to you?
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