Credit Repair
Watch Out for Credit Card Notices During the Holiday Season in Phoenix
The holidays should be a time for celebration; not court appearances. Yet for many Phoenix residents, the end of the year brings unexpected legal trouble. Between October and December there is a seasonal spike in credit card lawsuits filed by creditors and debt collection firms.
These lawsuits are deliberately timed. Debt collectors know the holiday season is distracting, and they count on consumers being too busy or overwhelmed to respond in time. If you’re served court papers and fail to act within the legal timeframe, the court may enter a default judgment. This allows the creditor to garnish wages, seize funds, or damage your credit for years to come.
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The Dos and Don’ts of Rebuilding Credit After Bankruptcy
Rebuilding credit post-bankruptcy is vital for restoring financial stability. It takes time to rebuild trust with lenders. Avoid accruing new debts and, instead, focus on saving and prudent spending. Each positive action contributes to rebuilding credit, ultimately paving the way for future financial opportunities and regaining a firm footing on the path to financial stability.
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