Credit Restoration

Going through financial difficulties can be extremely stressful, especially if serious credit damage occurs. Whether you are trying to restore your credit after filing for bankruptcy or are on the verge of damaging your credit in a foreclosure, repossession or other financial issues, our firm is here to help.

Don't wait any longer to reach out for the financial and legal counsel you need to get your credit back on track and under control. It is important to understand that no matter what caused your bad credit, it is not a permanent situation. When you talk with our Orange County bankruptcy attorney, you will quickly see there are many options available to you.

What options are available in my situation?

If you have recently filed for Chapter 7 or Chapter 13 bankruptcy or have gone through a foreclosure, it may seem like a daunting task to restore your credit. Our firm is here to help you rebuild your credit, either after bankruptcy, or after struggling with late payments or repossessions.

If you are facing credit difficulties, our firm may be able to help you with:

• Short Sale
• Debt Consolidation
• Deed in Lieu of Foreclosure
• Debit Negotiation

How Bankruptcy Affects Credit

One of benefits of bankruptcy is that you no longer owe the debt, and in fact, your credit score may actually improve after a period of time. An individual's credit score is determined by a number of contributing factors. One factor is an individual's debt-to-income ratio. This ratio is the percentage of income measured against outstanding debt. Once debt has been discharged through filing chapter 7 bankruptcy, an individual's debt-to-income ratio will be drastically lower, potentially increasing their credit score over time.

Another major step in credit restoration is making sure your credit report accurately represents your current situation. In many cases, creditors will fail to update your credit report on debts that have been discharged through bankruptcy or have been settled. Under the Fair Credit Reporting Act (FCRA), you have rights and we are well qualified to help you resolve this crucial issue.

At 1st California Law, we are dedicated to helping individuals through their financial difficulties. We do not stop at just helping individuals discharge their debts; we stick with them afterwards and assist them throughout the credit restoration process. Contact us today to discuss your financial situation with our attorney!