With so much of a person’s financial well-being depending on their credit report, people in financial trouble have started looking to debt consolidation companies. These organizations have become popular based on lofty promises of improving your circumstances without going through a bankruptcy filing. They claim to accomplish this by negotiating repayment plans with your creditors, who will accept a lower total amount. However, it is important to note that their 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.
Inaccurate Credit Report Creates Worry After A Previous Bankruptcy
Filing for bankruptcy is a serious step for individuals trying to get their financial issues in order. Even after completing a successful filing and a client has received a discharge of their liabilities, the work and vigilance do not stop there. Recently, a couple who previously completed a bankruptcy and were working hard to rebuild their credit, reviewed their official credit report as instructed by Cleveland Bankruptcy Attorneys. The report, Read More
Bankruptcy Protects Cleveland Woman After Debt Relief Company Fails To Get Results
Today, everyone experiences financial ups and downs and it’s unfortunate that when people are trying to sort out their financial issues, unscrupulous debt consolidation companies come out of the woodwork. Such was the case for a Cleveland woman, working as an administrative assistant. This woman owed approximately $40,000 to various credit card companies and found an on-line debt relief company, purporting to be a California law firm that could settle Read More
Getting Credit after Bankruptcy
It’s no surprise that filing for bankruptcy will affect your credit score. After your bankruptcy discharge is awarded, you may see a drop of as much as 200 points in your score. Additionally, your bankruptcy will remain on your credit report for a number of years; Chapter 7 bankruptcies remain on credit reports for ten years and Chapter 13 bankruptcies remain for seven years. Although bankruptcy will lower your credit Read More
Good Debt vs. Bad Debt
Debt is becoming a bigger and bigger problem here in the U.S. More and more Americans struggle under the financial burdens of debt every year, making it a struggle to get by. Unfortunately, this has led to many misunderstandings about debt, demonizing any debts as a bad thing and making people forced to take on any debts feel guilty. In reality, there are good debts and bad debts, and it’s Read More
4 Ways You Can Fix Your Credit Fast
Everyone knows how important your credit score can be, especially when trying to get a loan or buy a house. That’s why a poor credit score can be a real obstacle—and a few small mistakes can have a significant financial impact. When you’re trying to recover from a poor credit score, it can feel like there is nothing you can do but wait until seven years have passed and the Read More
10 Key Terms to Know When You Are In Debt
Dealing with debt is confusing. Not only can the options available to you feel overwhelming, but the sheer number of unfamiliar terms used to even discuss debt can also be confusing. For many people who have fallen behind on payments or who are in over their head in debt, even simply understanding all the terms used by creditors can be difficult. The first step towards taking control of your finances Read More
Is Taking Out A Personal Loan To Pay Off Credit Cards a Good Idea?
As anyone with credit card debt can tell you, the stress of this kind of debt can really take a toll on you after a while. That’s especially true when you have a particularly high amount of debt or debt on a lot of credit cards. Many average Americans find themselves in over their heads in debt every year for just this reason. Despite this fact, few people know most Read More
Should I Transfer My Balance?
A question we hear time and time again from our clients that are overburdened by debt is this: Should I transfer my balance? Credit card balance transfers can sometimes be a good thing, but more often can cause some larger issues down the road. Today, we give you the honest answer we tell clients that ask, should I transfer my balance? The Benefits of a Balance Transfer The biggest benefit Read More
Reverse Mortgage and Bankruptcy
Many homeowners are still struggling to get on their feet after 2008’s housing crisis, and reverse mortgage options have become a popular route for those in need of financial breathing room. Many remain under water and wonder how a reverse mortgage impacts a potential bankruptcy. A reverse mortgage, or a home equity conversion mortgage, allows long time homeowners to access and live off of the home equity they’ve built after Read More