Category Archives: Credit Counseling

What is the Difference Between Credit Counseling and Debtor Education?

In 2011, Georgia had 73,852 bankruptcy filings, 96 percent of which were consumer filings. This ranked Georgia as among one of the states with the largest number of filings in the year. When filing for Chapter 7 or Chapter 13 bankruptcy in Georgia, you must complete a credit counseling and debtor education session. Both are… Read More »

Lawsuit against Credit Score Company Illustrates Pitfalls – Bankruptcy Advice in Chicago Critical to Righting Your Financial Ship

Your credit score is a helpful number to know before borrowing money and could save you thousands of dollars. However, by the time a consumer decides to consider bankruptcy, late payments and other credit issues have typically made monitoring your credit score irrelevant. A new lawsuit filed in a California federal court is going after… Read More »

Illinois Attorneys Compare Personal Bankruptcy and Credit Counseling

Chicago and Atlanta Bankruptcy Attorney Rob Semrad on Credit Counseling Remember the old adage, “If it sounds too good to be true, it probably is?” If we could just keep that in mind, credit counseling companies would probably go out of business – and folks wouldn’t fall victim to any more scams trying to eliminate… Read More »