Riverside Bankruptcy Lawyers – In our practice as Riverside Bankruptcy Attorneys, we find that one of the reasons people are so hesitant to file for Chapter 7 or Chapter 13 bankruptcy protection is that they fear it will ruin their financial future for the next decade, or possibly longer. We at the Law Offices of Harold D. Thompson, Riverside Bankruptcy Attorneys, want to assure you that this simply is not true. In fact, you might even find that your credit is better after you file than before.
Let’s face it, if you’re contemplating filing for bankruptcy, your credit is probably bad, anyway. Missed and late payments can have a much greater effect on your credit score than actually filing for bankruptcy. As Riverside Bankruptcy Attorneys, we can attest that your credit, provided you manage it responsibly, will improve every year after your bankruptcy filing. Yes, your credit will reflect that you filed for a Riverside bankruptcy, but your rating will improve more rapidly than you think.
So, what happens after you file for bankruptcy? When your bankruptcy lawyer completes your Chapter 7 or Chapter 13 bankruptcy, you will receive a discharge of bankruptcy. This discharge wipes out your debts, and gives you a fresh start that will allow you to keep up with payments. And being able to keep up with your payments makes you a much better financial risk than constantly being late or missing payments.
Also, let’s address another myth, the myth that you won’t be able to get credit after your bankruptcy lawyer files for Chapter 7 or Chapter 13 debt relief for you. Many of our bankruptcy clients find they are getting offers for new credit cards within months of their discharge of bankruptcy. Yes, these cards have lower credit limits and higher interest rates, but you can use them to build up your ratings again. Just don’t use them for anything but true emergencies, then pay them off promptly. As Riverside bankruptcy attorneys, we advise our clients to use these cards wisely to re-establish their credit by only making small purchases and paying them off every month. And remember, if you’re paying off your credit debts monthly, the higher interest rates don’t really matter so much.
As Riverside bankruptcy lawyers, we can advise you on not only the long-term effect of bankruptcy on your credit, but what we can do to get you that fresh start on credit that you need. Call us TODAY for a free consultation, and to find out how our services as Riverside Bankruptcy Attorneys can help you back on the road to financial recovery. Just call 888.558.2992 to speak to a bankruptcy attorney at the Law Offices of Harold D. Thompson.
As Riverside Bankruptcy Lawyers helping people with Chapter 7 & Chapter 13 Bankruptcy debt relief we are proud to serve the following areas of Riverside County: Riverside, Palm Springs, Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Corona, Coachella, Desert Hot Springs, Hemet, Indian Wells, Indio, Lake Elsinore, La Quinta, Menifee, Moreno Valley, Murrieta, Norco, Palm Desert, Perris, Rancho Mirage, San Jacinto, Temecula, Wildomar and all unincorporated areas of Riverside County.
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