It is the most wonderful – and wonderfully expensive – time of year. Between presents, decorations, parties, and dinners out, your wallet can take a serious hit during the holidays. And with the economic downturn related to the pandemic looming, people are feeling the pressure. In fact, many Americans fully intend to rack up a large credit card debt during the season, admitting that they’ll need three months or more Read More
Whether you’re deep in debt or struggling to stay up with bills, there’s a solution to your financial situation. The Cleveland Bankruptcy attorneys have the knowledge and experience to fight for your best interest. Contact a Cleveland Bankruptcy attorney today to discuss your options at (216) 586-6600.
Does a Voluntary Repossession Affect Credit?
If you have fallen behind on your payments, your car could get repossessed. Whether voluntary or involuntary, a repossession will hurt your credit score. However, there are some advantages to a voluntary repossession because it gives you a measure of control over the situation. The key is to act before you start missing payments. If you are having financial troubles and anticipate that you may be unable to meet your Read More
Ways to Quickly Improve Your Credit Score
Your credit score is extremely important as it can help you get a loan for a new car, secure a mortgage, or land a new job. If you’ve struggled with debt and you’re trying to get your finances right, there are a few ways you can quickly improve your credit score. For more information on how to improve your credit score or your debt options, contact an Ohio debt relief Read More
What Is a Credit Freeze and Understanding the Equifax Hack
Security breaches at Equifax have exposed the names, Social Security numbers, birth dates, and other personal information of as many as 143 million Americans. On top of that, the Wall Street Journal has recently reported that hackers also stole the records of 10.9 million driver’s licenses. To put it simply, the Equifax hack is a crisis of unprecedented proportions. How Can Criminals Use the Equifax Breach to Their Advantage? A Read More
10 Things to Consider When Opening a New Credit Card Account
Opening a credit account is as easy: you fill out a quick application, and a few weeks later you get a little card in the mail. Nothing to it, right? Well, not exactly. Considering that outstanding credit card debt for U.S. households has reached over $1 trillion in 2017, opening a new credit card should not be a decision you make lightly. Whether you’re getting your first card or adding Read More
How Long Will Bankruptcy Be on My Credit Report?
If you’re having financial difficulties and struggle with debt, you may be considering bankruptcy. While bankruptcy can help you achieve financial freedom, it does come with some downfalls. Because of this, you may ask yourself, how long will bankruptcy be on my credit report? A bankruptcy can significantly affect one’s life. It can stay on credit reports for many years and limit your ability to get a loan to pay Read More
Consumer Financial Protection Bureau Fines Credit Agencies for Deceiving Consumers
In January 2017, the Consumer Financial Protection Bureau (CFPB) took action against credit agencies TransUnion and Equifax, Inc. as well as their subsidiaries for lying to customers about credit scores they sold to them. The CFPB asserted that the agencies were dishonest about the actual cost and usefulness of credit score provided. Additionally, the agencies made false promises to convince consumers to pay large recurring payments. The CFPB ordered TransUnion Read More
5 Ways to Rebuild Your Credit after Bankruptcy
When you file for bankruptcy, you become aware that your discharge will have two immediate effects: it will allow you to eliminate a lot of your debt (or organize it into affordable payments, depending on which chapter you filed for) and it will lower your credit score. How much it lowers your score, according to the Fair Isaac Corporation (FICO), depends on your entire credit profile. For example, someone with Read More
Can You Get a Mortgage After Bankruptcy?
If you’re considering filing for bankruptcy, you probably have a lot of questions about the process and how it will affect your credit score. You may be wondering what you should do to turn your credit around after the bankruptcy discharge. The Cleveland Bankruptcy Attorneys can help. Call them today at (216) 586-6600 for answers to your questions. Qualifying for a Mortgage After Bankruptcy One of the most important issues Read More
5 Signs You Have Too Much Debt
For many, paying down debt seems like an impossible task. You spend nearly all of you weekly paycheck paying bills, having barely anything left over, and yet it seems like the balances you owe don’t even budge. Trying to keep ahead of debt can be extremely difficult and sometimes feels impossible. If you’re one of the many who cannot keep up, it’s possible that you have too much debt and Read More