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: www.guamlegal.com www.bankruptcylawyerguam.com www.injurylawyerguam.com
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