Filing for Bankruptcy To Stop Foreclosure: Chapter 7 vs. Chapter 13
Foreclosure is a difficult experience, but it doesn't mean the end of your financial life. Life after foreclosure can be an opportunity to rebuild and restore your credit worthiness.
One of the first steps in rebuilding your credit after a foreclosure is understanding how far it has impacted your score. Depending on other factors such as payment history or outstanding debts, you may see a considerable drop in your credit score. The next step in restoring your credit is to focus on paying all bills on time and using any available resources that help you monitor and improve your current standing. This may include services like monitoring accounts for fraudulent activity or joining a program to get access to better loan terms and interest rates in the future.
If you have been able to maintain some financial stability during this period, consider opening up new lines of credit with low limits that you can easily manage payments for.
The Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.
Our goal is it 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