Written by San Francisco Bankruptcy Lawyer, Jeena Cho

I came across an excellent article by a fellow Charleston Bankruptcy Lawyer. Russell DeMott, which addresses the impact of bankruptcy on credit report. If you are concerned about impact of bankruptcy on your credit report, consider the following:

Your Credit Rating is Already Screwed Up!

My answer to this question is usually the same: “you already have bad credit.”  The vast majority of clients who see me are delinquent on their debts.  This, of course, is why they came to me in the first place.  They have 30 day lates, 60s, 90s, lawsuits, judgments, and everything in between.

Having debts problems is like a tumor, though.  You get rid of it two different ways: (1) you pay off the debt–and that’s not an option much of the time, or (2) you file bankruptcy and discharge it.  If you do nothing, the tumor just grows and grows.  Continue Reading »

Oakland Bankruptcy Lawyer, Life after bankruptcy

By: Jeena Cho

Can I get credit after bankruptcy? The simple answer is “Yes.” Most people will get offers for credit cards and cars after bankruptcy. Why? Because you can’t refile for 8 years (in case of Chapter 7 bankruptcy) and the creditors know they’ve got you. You can’t run and hide again. Most of these “deals” you get after bankruptcy are not deals at all. Here’s an example of one I’ve come across recently.

Our FDIC insured bank, has a Visa secured credit card that features:
- NO CREDIT CHECK OR INQUIRY
- Reports to all 3 major credit bureaus
- No annual fee
- 0% APR for 6 months on purchases
- Low $200 minimum deposit

It is perfect for people right out of bankruptcy.

Sounds great, right? No credit check? 0% interest rate? No annual fee? You’re thinking, where do I sign? NOT SO FAST! You must read the fine print before Continue Reading »