Some people hesitate to contact a St. Charles Bankruptcy Law Firm because they worry that doing so will completely ruin their credit. While it’s true that bankruptcy will negatively impact your credit, it is entirely possible to rebuild after a certain period of time. The further a person gets from their bankruptcy, the better their score will become with responsible borrowing. If you are worried that Chapter 7 will ruin your credit for the rest of your life, this is not the case.
Rebuilding Credit with a St. Charles Bankruptcy Law Firm
To be sure, bankruptcy is a big decision that should not be entered into lightly. For most people considering bankruptcy, however, the impact to their credit score is generally not major. When a person significantly falls behind on their bills, their credit score takes a major hit. By the time they seek the help of a St. Charles Bankruptcy Law Firm, their credit score is already bad so a bankruptcy only has a negligible impact. While it will negatively impact the score, it also will show creditors that you are taking your credit problems seriously and want to get them under control.
By discharging unsecured non-priority debt, a person can finally get their debt problems under control and get back on firm financial footing. With time, if a person can stay current on their bills, the credit score will gradually improve. While it takes time, it is entirely possible.
If you have debt problems, contact Westbrook Law Group for help. We understand that debt problems can ruin a person’s life and cause unnecessary stress. We will find the best solution possible for your problems and help give you a fresh start. To learn how a St. Charles Bankruptcy Law Firm can help with your problems, contact Westbrook Law Group today for a free consultation.