Your Credit And Filing Bankruptcy In Georgia
One of the greatest lies that has been perpetrated on the American public is the idea that your credit will be forever ruined once you file for bankruptcy. This is completely untrue. While a bankruptcy can remain on your credit report for seven to 10 years, it does not mean that you will never be able to obtain credit again.
At the law firm of Claeys, McElroy-Magruder & Kitchens, we provide consumer bankruptcy and debt relief services to clients throughout the greater Augusta, Statesboro and Dublin areas. Our lawyers’ dedicated focus on bankruptcy law and complete understanding of the law allow us to give you honest and accurate answers to the questions that could be keeping you from financial freedom.
What Really Happens With Your Credit Following A Bankruptcy
Once you receive your discharge, all of the debts included in your bankruptcy are completely eliminated. This creates a much more attractive debt-to-income ratio for creditors. You could begin receiving offers for credit in as little as six months. Initially, the offers you receive may be for secured credit or have certain conditions attached to them. These can be very valuable tools for beginning the process of rebuilding your credit. In addition, the higher your credit score is when you file for bankruptcy, the higher it will be when you come out of bankruptcy.
Be mindful of which offers you accept and how much credit you take on. Look closely at the terms of each offer and choose the ones that provide the most benefit to you. Over time, your credit score will begin to recover, and you will eventually become eligible for traditional lending for home and auto loans.
Results-Oriented Debt Relief Attorneys With Offices In Augusta, Dublin And Statesboro
If you have questions about your credit and filing bankruptcy in Georgia, contact our office today to schedule a free consultation with a lawyer. We have offices in Augusta, Dublin and Statesboro as well as a mobile office to serve you. We are available during regular business hours and by appointment evenings and weekends.
Call One Of Our Three Convenient Georgia Offices
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.