Need to address a wrong another party committed toward you? Use the legal tool of civil litigation. Know about six common types of civil lawsuits.

Divorce conflict can lengthen your divorce process, increase your expenses, and create long-lasting animosity. Learn how you can often avoid conflict.

To help you navigate bankruptcy in the most successful way possible, read a short guide to the idea of bankruptcy chapters and what they mean for you.

Courts sometimes call for child visitation to occur under the supervision of another adult. Read our blog to learn about some common reasons.

If you think a contested divorce is the right option for your marriage, read our blog to learn about some things you should consider.

If you run a small business with significant financial struggles, you may contemplate bankruptcy. Read this blog to learn about your options.

Many Americans struggle with debt, and while some minor debt can be easily repaid, a high debt-to-income ratio makes it hard to keep up on your bills. Bankruptcy is a process that allows you to discharge nearly all unsecured debt such as medical bills, car loans, home loans, personal loans, credit cards, and lines of credit. If you think you may need to file for bankruptcy, but you are scared, check out how it will affect your credit score and report, as well as your potential for new loans. It Will Cause Your Credit Score to Drop Your credit score is based on many factors, but one of the most important is payment history. In fact, payment history makes up 35 percent appears to be an empty link with target https://www.experian.com/blogs/ask-experian/credit-education/scorebasics/what-affects-your-credit-scores/ of your FICO® score. Lenders care about your payment history because it shows them if you are likely to miss payments or pay bills late. If they determine you are too high of a risk, they won't lend, or they will give you a huge interest rate. When you file for Chapter 7 bankruptcy, the process is relatively fast, but it's not immediate, and while you file bankruptcy, your attorney will advise you to stop paying the bills. This can cause your credit score to drop a few points or a few hundred points. Once you are out of bankruptcy, you can begin improving your credit score again. If you qualify for Chapter 13 repayment bankruptcy, your attorney will still instruct you to stop paying bills. However, Chapter 13 bankruptcy takes years because you must repay some of the money. For this reason, you can work on boosting your credit score before your bankruptcy has been discharged. It Remains on Your Report for Years Bankruptcy remains on your credit report for years so lenders can see that you may be a high risk. If you file Chapter 7 bankruptcy, it stays on your report for 10 years, but Chapter 13 bankruptcy only remains on your report for 7 years. Plus, lenders may be more inclined to lend to someone who recently filed Chapter 13 because they did repay some of the loan. Even if you have a bankruptcy on your credit report, you can find lenders who will trust you. The problem is that they will usually include a high interest rate to offset the high risk of lending to you. If your credit score is still high, despite the bankruptcy, they may be more inclined to give you a lower interest rate. Even though Chapter 7 can remain on your report for 10 years, the more time that passes, the easier you can get loans at fair interest rates. During this time, however, make sure to work on your credit score and pay all bills on time. This will help counteract the negative bankruptcy, making it easier to get better loan terms. It Can Prohibit You From Taking Out New Loans While not a good idea, you have the right to start racking up debt again once you are out of bankruptcy. Chapter 13 bankruptcy, however, can last three or five years. That's a long time, and during those years, you may have sudden expenses, such as the need for a new car or some home repairs. Unfortunately, taking out loans during your repayment plan can cause major problems, especially if you neglect to tell your attorney. It may also impact your repayment plan since the repayment plan depends on how much you can actually pay without financial constraint. If you suddenly have extra debt, you may not be able to repay your debt. You may think you can just save money for a few years, but while in Chapter 13 bankruptcy, you are not supposed to have too much cash. If the courts find out you have a large amount of cash, they will most likely force you to use it to repay some of the debt. Don't be ashamed to consider bankruptcy. It can be what you need to finally get out of debt. For more information about bankruptcy, contact us at The Law Office of Joe R Johnson, II.

Not sure what to tell your children regarding the affair that caused the divorce? Read this blog for some strategies to help you make the decision.

If you have experienced identity theft or if you have questions about a criminal law matter, contact us at The Law Office of Joe R. "Jay" Johnson II.