Payoff Statements: What They Are and How They’re Used

Filing for bankruptcy is a difficult decision to make, but it can be the right one if you are unable to pay your debts. However, it is important to understand how bankruptcy will affect your credit score and what steps you can take in order to move forward with rebuilding your financial health.

The biggest impact of filing for bankruptcy on your credit report is that it will remain there for seven years after the discharge of debt. This means that creditors and lenders may use this information as part of their decision-making process when evaluating an application for new credit or loan. Bankruptcy also causes other negative marks on your credit report such as late payments, collection accounts, foreclosures, and repossessions.

The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706