Tag Archives: collection agency letters

As the economy declines, more and more Americans are falling into debt, and more of us are filing for bankruptcy every day. Bankruptcy can be viewed as a fresh start, removing much of your debt and payments, but it will also destroy your credit report, remaining there for ten years, and diminishing it by several hundred points. In most cases, bankruptcy should be seen as a last resort because of how important it is to maintain a healthy credit score. If you are forced to file for bankruptcy, there are certain measures you should take to ensure that you can get on the road to financial recovery as quickly as possible. Continue reading →