Monday, August 14, 2017


Bankruptcy stops collection calls, lawsuits and wage garnishments. It erases debt. And despite what you’ve heard, bankruptcy may help your credit scores.
Credit bureaus, Collection Agencies and financial institutions often say bankruptcy is the single worst thing you can do to your credit scores.  However where you may already have repossessions, charge-offs, lawsuits and collection activity on your report, you usually have nowhere to go but up with your credit score.  And the reason those in the financial industry, bankruptcy say that bankruptcy is the single worse thing you can do is only because bankruptcy is the only thing that will really stops collection activity once and for all!

Therefore, because most people struggle so long with their debt that their credit is already battered by the time they file for bankruptcy, once they do file bankruptcy, their scores typically rise, not fall!.  

Check out more valuable information about Guam's Laws and working with
Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites:                

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