We live in times that we are offered credit everywhere, whether it is with credit cards, home loans,, car loans, gas cards and store credit cards, making it very easy to get buried in debt. While we are opening up credit in all these places, sometimes bad things happen to good people, and we lose a job, are injured, or just over extend ourselves.
Many people have enough money to make monthly payments on these debts at the time they incur them. Sometimes, though, the random incidents in life get in the way. When you live paycheck to paycheck, one shift in your everyday life can have a severe impact on your finances. Suddenly, the bills you could just barely keep up with have become impossible burdens.
Are you struggling and stressed because you have too much debt? Perhaps you have missed a mortgage or car payment or simply cannot keep up with credit card bills. You may be receiving threatening collection calls or facing a lawsuit. You are far from alone. Solid, hardworking people throughout the Greater Bethlehem area, across PA and around the country have these same problems.
If you are in a situation where you are in need of debt relief in PA, contact Bethlehem Bankruptcy Lawyer. I have experience with all forms of debt, including:
- Credit Card Debt
- Student Loans
- Unpaid taxes
- Vehicle loans
I will be able to evaluate each form of debt that you have to determine the best course of action. You may need to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, but you might also be able to have me negotiate with your creditors to remove derogatory information and to set up a payment plan.
Three Steps to Improving Your Credit Report
When you are trying to get your credit report back on track, there are three steps to follow. It is important to contact a Bethlehem Bankruptcy debt relief attorney to handle this for you, because a lot of debt relief companies are simply not qualified. Because effective debt settlement may also require legal knowledge and experience, having an attorney gives you better odds of a satisfactory outcome.
Stronger credit management will require you to:
- Challenge inaccurate information. If you find information on your credit report that is simply not true, challenge it directly with the credit reporting agencies. They must verify disputed information within a reasonable time, or delete it from your credit report.
- Negotiate remaining debt. You will speak with your creditors and try to work out a plan to pay off part of your debt all at once or over time with a payment plan. This is also the time when you should also ask to have any accurate derogatory information removed. It is especially good to have an attorney during the negotiation process in the event that the creditors are being stubborn; the lawyer may be able to discover some errors on the creditors’ end that could be used as your “bargaining chip.”
- Build good credit. There is no legal way to repair credit by removing derogatory information that couldn’t be negotiated with your creditor. Once you have negotiated your current debt, it is important to begin to build good credit. You have to prove that you have the present ability to pay debts and since your past difficulties, you’ve paid other accounts in a timely manner.
Remember, the credit agencies actually want to lend you money. You just need to show them that you are capable of paying them back.
Contact Bethlehem Bankruptcy Lawyer today for a free consultation at 800-123-1234.