Will My Credit Be Ruined Forever?

One of the most common questions asked by individuals who are wondering whether bankruptcy may be right for them is whether their credit will be ruined forever. While there is no question that bankruptcy will have a significant impact on your credit score, the magnitude of the impact will depend greatly on what your credit score was at the time of filing. What many people may not realize is that delinquencies, late payments and a high debt-to-asset ratio are likely have already lowered their credit score to the point where filing for bankruptcy will not make a noticeable difference. If this is the case, filing for bankruptcy can help put an end to a declining credit score and any ongoing legal actions by wiping the financial slate clean thus allowing a person to start anew.

A bankruptcy will remain on your credit report for between 7 and 10 years after your debts have been discharged. Rest assured, this does not mean it will take that many years before you will be able to begin rebuilding your credit. Our clients generally begin receiving offers of credit within a few months after their bankruptcy has been completed. If you are wondering whether bankruptcy may be right for you, an Oakland bankruptcy attorney at our firm can help you review your bankruptcy options.

The Fuller Law Firm, PC is a proud member of the National Association of Bankruptcy Attorneys and each of our attorneys is committed to giving our clients the legal assistance they need to attain true debt relief. Our bankruptcy law firm serves the Oakland area as well as many other areas throughout Northern California. We have years of experience with bankruptcy law and we have helped countless individuals attain the debt relief they so desperately need. It does not matter how you amassed your debt or the circumstances which led you to the point of being unable to keep up with your financial obligations. Our firm will treat you with the respect and compassion you deserve. We applaud our clients' efforts to do what is in their own best interests and we are here to help them get the positive resolution they seek. Call us now before your financial situation worsens and you end up finding yourself in further legal trouble.

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