Could you use a financial fresh start? Do you have unsecured debt that you are unable to pay? Is your low credit score preventing you from living the life you thought you would?
Sadly, many St. Cloud residents would answer “yes” to all three of the above questions, while many more would agree with at least one.So why are so many of the great people of St. Cloud struggling with unpaid debt and low credit scores? And is there any debt solution that can give you a fresh financial start by erasing your debt as well as improving your credit score?
Yes! Chapter 7 bankruptcy is a government-sponsored debt consolidation program that can erase your unsecured debt in as little as 90 days! And, when you choose Kain & Scott to file your Chapter 7 St. Cloud, Minnesota bankruptcy, you’ll have access to our FREE 90 Day Credit Repair Program designed to give you practical tips on boosting your credit score and allow you to obtain financing from our list of trusted Minnesota lenders.
Let’s take a quick look at how and why debt happens in St. Cloud, how debt affects your life, and how Kain & Scott and Chapter 7 bankruptcy can give you a fresh start:
The “how” and “why” of debt in St. Cloud
If you asked 100 people how they came to be in debt, chances are you would get as many different answers in response. While no financial situation is exactly the same, there are several common reasons for falling behind on your bills. Whether it’s because of unemployment, illness, divorce, unexpected expenses, or a lack of financial planning, once you are in debt it is extremely hard to get out.
The system of credit in our country stacks the odds against you. To illustrate, consider the following example:
Bill, a recently unemployed plumber, has 4 different lines of unsecured credit. After missing one month of payments due to lack of work, he begins receiving calls and letters reminding him of the balances that are due. Bill waits to pay until the following month when he knows he will have a few odd jobs to bring in cash. To his surprise, he now owes two months’ worth of payments to each creditor in addition to substantial penalty and interest fees. Unable to pay such a large amount to 4 different creditors, he waits another month until he is financially stable enough to tackle his balances. The next month, he receives notifications that his accounts are in collections and his credit score has taken a nosedive.
Sound familiar? Like Bill, if you fall behind on your payments for just one month, your debt can begin to snowball at an alarming rate and, before you know it, you are on a slippery slope that becomes harder to backtrack on each and every month.
How unpaid debt affects you
When you are struggling with unpaid debt, it can negatively impact your life in several ways. When you fall behind on your payments, creditors begin aggressive collections actions to get their money – constant phone calls, emails, letters, and even threats of wage garnishment can cause you to lose sleep, increase your stress levels, and make it hard for you to enjoy time with friends and family.
A fresh start with Chapter 7 bankruptcy and Kain & Scott
Now that you understand how and why debt happens and how it affects you, it’s time to start considering what you can do to get a fresh financial start!
First, your fresh start in St. Cloud begins with your free initial consultation with one of our bankruptcy specialists. As Minnesota’s oldest Chapter 7 bankruptcy law firm, our team of lawyers has 50 years of combined experience helping Minnesota residents erase their unsecured debts: using our training and real-world experience, we will assess your financial situation and determine if Chapter 7 bankruptcy is right for you.
Then we go to work right away completing your paperwork and getting your petition filed within days to get your debt discharged as quickly as possible. Even better, you can have your free initial consultation as well as review and sign your Chapter 7 bankruptcy petition without leaving your house by using Skype, Facetime, or the telephone!
Once your petition is approved, your unsecured debt—those debts that are not secured by collateral, such as credit cards and medical bills—are erased forever 60-90 days from filing your paperwork!
With the help of our experienced St. Cloud Chapter 7 bankruptcy specialists, you can erase your debt fast and boost your credit score with our FREE 90 Day Credit Repair Program!
If you’re a resident of St. Cloud, Minnesota, who would benefit from a fresh financial start—debts gone and credit score improved thanks to our exclusive program—contact our office for your free initial consultation today!
