Mark T. Young & Associates
Free Initial Consultation:
423-933-1606
888-376-0282(Toll Free)
423-933-1606
888-376-0282
Focused On Your
Financial Freedom

Posts tagged "credit score"

Personal bankruptcy and rebuilding credit

Families that are struggling with financial challenges and crippling credit card debt often want to do everything possible to avoid filing for personal bankruptcy. For some people it is simply a matter of personal pride, while for others it is based on fears about the effects of bankruptcy. Tennessee families struggling with credit card bills and credit card debt might enjoy the following article on rebuilding your credit score after filing for bankruptcy.

Keeping a healthy credit score after filing Chapter 13 bankruptcy

It is fairly common to hear people discuss the effect personal bankruptcy filings can have on credit scores. The fact is that those who are in financially difficult circumstances have probably seen an impact on their credit score already, and things could worse if they don't take steps toward debt relief. If someone is concerned about their credit score before and after filing for Chapter 13 bankruptcy, it is important to know there are ways for Tennessee residents to improve their credit scores.

Chapter 13 bankruptcy doesn't necessarily harm your credit score

No one wants to be in a financially difficult circumstance, but the economic recession put many Tennessee families into such situations. Trying to figure out how to manage a significant debt load raises a lot of questions. Many people fear that filing Chapter 13 bankruptcy will ruin their credit score and prevent them from being able to take out a loan in the future. While bankruptcy filings may have some impact on a personal credit rating, it does not necessarily mean that your credit score will plummet dramatically.

Get Started Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Contact Information

Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
Hixson Law Office Map