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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Common Credit Score Problems

We all encounter some kind of financial contingencies at some point in our lives. It brings us unwarranted anxiety and stress. These financial difficulties often leave a negative imprint of our credit reports as well. Here is a list of some of the common credit score problems which if not adequately dealt with, can extensively damage your creditworthiness.

Common Credit Score Problems

Credit problems with multiple late payments

Missing out on your payments once in a while is not a big deal. However, making a habit out of it will certainly tarnish your credit history in the long run. An increase in the number of late payments apparently gives the impression that you are careless with your finances. It also signals you may be unable to afford any more debt to your name.

Charged off accounts

An account is said to be charged off when the creditor writes it off their receivables as a loss. Although the account is closed off for any future use, the owner still owes the debt to the lender. Such accounts typically show up on your credit report for a period of 7 years. This is from the date the account was declared as delinquent. It will have a major impact on your score.

Account sent to collections

Sometimes a creditor hires a third party debt collector agency to collect the payment dues from you. This means your account is said to have been sent to collections. An account sent for collections implies that your creditor has given up. Therefore, they are trying to make you pay the dues using hired outside help to do it. This tremendously damages your overall credit score.

Loan defaults

Just like credit card charge-offs, loan defaults also imply that you have failed to meet up with your payment schedule and fulfill your loan obligation. Defaulting on a loan will negatively impact your credit score and make it difficult for you to procure credits in the future as well.

Proper financial planning is the key to ensuring that you do not face the burden of hard to pay debts and enjoy a spotless credit history that vouches for your financial credibility in the market. A Sacramento bankruptcy lawyer can help you eliminate debt, repair your credit and make a solid financial plan.

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