Have you looked at your credit score lately? Perhaps you're afraid to see the inevitable. After months of letting your credit card bills pile up without payment, it's likely that you know the number isn't pretty. There are multiple reasons why we can't help having our credit card bills get out of hand. Outrageous but necessary medical bills, groceries, utilities and the like are all necessary expenses that we may not be able to cover with the incomes we find we have in today's economy. If you're in over your head, however, it is important to take action to save your credit-and that should involve contacting the Houston Bankruptcy Lawyer.
Filing Chapter 7 in Houston may seem counterintuitive to saving your credit score-since declaring bankruptcy does have negative effects on your credit score. The fact is, however, that if your bills have been piling up your credit has already taken a huge hit, and is getting worse as you continue to pay your bills slow or not at all.
You may have spend years fighting against high interest rates and getting nowhere-with no chance of pulling yourself out of the hole of high interest debts. Bankruptcy, however, can clear away that debt, giving you the chance to start all over fresh without just continuing to struggle making debt payments as your credit score just gets worse and worse. It is usually true that comments about bankruptcy can remain on your credit report for up to 7 to 10 years but beyond that it does in fact go away. You could be paying on your debt much longer than that, and still be struggling with your credit score going down further and further.
However after a fresh start in bankruptcy you start rebuilding your credit and it will happen because you don-t owe those old debts anymore-so call The Houston Bankruptcy Lawyer at 281-315-8810 to get a free consultation to find out if this is your last, best shot to get out of the hole once and for all.
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