Debt impacts your credit score, even if you have never been late on a payment. If you have excessive debt or are slow in paying, this will impact many areas of your life. The bankruptcy lawyers at Bellenot & Boufford, LLC can help you to get your debt in control. If you qualify, Bankruptcy is usually the best, most efficient and effective way to get your debt in control. However, we can also help you analyze non-bankruptcy alternatives. If you are even a little concerned about your debt, this is the time to gather information to help you be in control of your financial future.
Many people tell us, “I am not looking to buy a home or car and I don’t want any new credit cards. I don’t plan on using my credit anytime soon so I am not worried about my credit score right now.”
Consider this ….
Your Credit Score not only impacts your ability to obtain credit, but many other aspects of your life and the premiums you pay for many common services…
Mortgage Payments • Home Rental • Car Loans • Insurance Premiums • Employment & Salary • Cell Phone • Credit Cards • Utility Service • Government Assistance and Licensing • Security Clearance, and more
Your credit report and FICO score impacts your life and budget, even if you do not plan on borrowing money or applying for a credit card. If you have less than an excellent credit score, you can reduce your insurance premiums by improving your credit score. Life is full of unexpected twists and turns and you never know when you will need your credit score to be as good as possible … immediately.
If your car is totaled in an accident or it otherwise breaks down, you will need to replace it. You want your FICO score as good as possible if and when this happens. You will need to qualify for a car loan or lease. You will certainly want the best rate and terms possible. This is not the time to start the process of resolving your debt and improving your credit. You need good credit on the spot. You want to qualify for the best terms immediately.
Everyday someone loses their job without warning. If this happens you will need to start looking for a job ASAP. Most employers review your credit report and FICO score. Your credit report can be the difference between getting a job or not, and sometimes, the salary that will be offered. The same applies if you plan on a career change in the future. This is not the time to begin the process of restoring or improving your credit.
You need a good, and probably a great FICO Score on a moment’s notice. You need to resolve your debts to help build your credit score. Bellenot & Boufford, LLC can help you get your debt in control allowing you to improve your credit so you are ready when you need it.
Serving Danbury, Connecticut and all of Fairfield and New Haven Counties.