Last updated 1 year ago
For many, filing for bankruptcy can feel like the end of the world. In reality, bankruptcy is just the beginning. Your credit score may suffer, but finally being free of debt allows you to see the world in a different way. Though it may seem that no lenders will ever let you borrow again, that simply isn’t the case. Here’s a brief guide to rebuilding your credit after filing for bankruptcy.
After taking a break from credit to reassess your financial situation, you might want to apply for a secured credit card. Designed for those with poor credit, a secured credit card requires that you make a deposit with a lender and use that sum as your line of credit. The creditor isn’t risking anything, and your credit score will go up as long as you make your payments on time.
Contrary to popular belief, you will receive credit card offers fairly soon after you declare bankruptcy—they’ll just all have fairly high interest rates. Though these cards may seem unreasonable, they can be a great help toward rebuilding your credit—just be sure to pay off the full balance on time. Don’t register for a high-interest card if you have any concerns about paying the balance.
Though bankruptcy erases most debt, some cases require the filer to continue making home and car payments. After the bankruptcy process is over, you can show that you are a reliable lender by continuing to make your home or car payments on time. Each time you make a payment, it shows up on your credit report and raises your credit score.
If you have any more concerns about the aftermath of bankruptcy, contact us at the Sandberg Law Firm. From the moment you walk in our doors, you’ll know that you’ve found the right team to help you through the difficult bankruptcy process. Give us a call today at (678) 733-9836 to set up a free consultation.
Last updated 1 year ago
Just because you owe money does not mean that you have to endure harassment from your creditors. The Fair Debt Collection Practices Act is a federal law that requires creditors to treat you fairly.
In this short video, we learn all about the Fair Debt Collection Practices Act. The FDCPA applies to all personal loans, and dictates when and how creditors may reach you, what they can say to you, and how they behave toward you.
If you feel as though one of your creditors is in breach of the FDCPA, contact us at the Sandberg Law Firm. We believe in protecting your basic rights, which is why we’ll work hard to stop threatening phone calls and bring rude creditors to justice. Give us a call today (678) 733-9836 and we’ll help you solve your debt problems.
Last updated 1 year ago
The bankruptcy process is complicated. You can do it on your own, but you might miss something crucial and end up in even worse shape. That’s why it’s always a good idea to hire a lawyer. Here are some of the documents you should bring to your first legal consultation.
Before a lawyer can determine whether you should declare bankruptcy, he or she first has to get a handle on your financial situation. Before your meeting, it’s important that you find as many of your paystubs from the last six months as you can. Your level of income has a significant influence on which form of bankruptcy you need to file.
When meeting an attorney for the first time, you should also bring your tax returns from the last two years. Though it may be embarrassing, it’s vital that you disclose all of your financial information to your lawyer—if you don’t, you risk being accused of bankruptcy fraud, which would only put you into a more difficult position.
Lastly, it’s crucial that you bring all documents related to your various loans and creditors, including loan agreements, title policies, and recent bills. Once your lawyer analyzes your financial information and total debt, he or she will be able to recommend Chapter 7 bankruptcy, Chapter 13 bankruptcy, or another financial solution—it could be that all you need to solve your financial troubles is a little credit counseling.
If you have any more questions about the bankruptcy process, contact the Sandberg Law Firm. Our skilled attorneys are dedicated to protecting your personal finances—and with a main Atlanta office and 13 satellite offices around the Atlanta area, we’re not hard to find. Don’t face the difficult bankruptcy process by yourself—give us a call today at (678) 733-9836.
Last updated 1 year ago
They are wonderful. Everyone in the office was so friendly. I felt at home.
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Sandberg Law Firm attorneys specialize in Chapter 7 and Chapter 13 bankruptcies in Georgia. For more information about Sandberg Law Firm, call 678-733-9836 to speak with a representative.
Last updated 1 year ago
Foreclosure and bankruptcy proceedings can place a significant amount of strain on people and relationships. For more information about dealing with creditors and preventing foreclosure with bankruptcy, visit some of these resources below:
- Bankruptcy can temporarily or permanently prevent foreclosure and reduce your debt. This article from CNN Money provides more information about saving your home with bankruptcy.
- The Bankruptcy Abuse and Consumer Protection Act of 2005 introduced a variety of changes to bankruptcy law in the form of stricter eligibility requirements and other restrictions. Learn more in this overview from FindLaw.com.
- If you’ve fallen behind on payments, then dealing with your creditors can be an overwhelming task. Browse through this article from BankRate.com for tips on dealing with collection agencies.
- While your lender does have the right to contact you and request repayment, you do retain your rights to privacy and respect. Learn about how the Fair Debt Collection Practices Act protects your rights in this FAQ from the U.S. Federal Trade Commission’s website.
- If you’ve heard about the public outrage and political backlash due to “robo-signing” practices from lenders, then you may surprised to hear that these practices are still ongoing. For more information about what “robo-signing” is and how it affects you, check out this article from the Reuters website.
Here at the Sandberg Law Firm, we are committed to providing residents of Atlanta, GA with superior legal guidance and representation throughout their bankruptcy and foreclosure proceedings. For more information about any of these topics, call us at (678) 733-9863 today.
