How Long Will It Be Before I Can Buy A House

or Car?

Filing bankruptcy does not mark the end of your ability borrow money in the future. Instead, it is the end of sleepless nights, stress and fights caused by your debt problems. If you’re having trouble managing your debt, get professional advice. If you want to see how bankruptcy might benefit you, then call my office at 210-930-7000 to schedule a Free Debt Consultation.

Many people that I see for a Debt Consultation who ask this question usually are NOT in a situation to buy a house or car, and I will respond by asking them this: “If you DO NOT file bankruptcy, then when and how will you ever get your debt problems under control to the point that you will be able to buy a house or car?” If you’re having debt problems, then buying a house or car is VERY DIFFICULT. It is MUCH EASIER to be able to buy a house or car on credit after you get debt free. But what about the bankruptcy on your credit? Well, it shows that you no longer have the unpaid debt that gave you so much trouble. Consider this: who is more credit worthy? A person with a lot of unpaid debt or someone with no debt?

Here are some questions that you should be asking:

• What is the best way for me to get debt free?
• How long is it going to take me to get debt free?
• After I get debt free, how long will it take me to save 3-6 months of living expenses as an “Emergency Fund” so that I can avoid debt problems in the event I have a drop in income or I run into some unforeseen expenses?
• After I have created an “Emergency Fund,” how long will it take for me to save enough for a down payment for the house or car?
• What are some ways that I can increase my income so that I can save more money quicker?

Getting debt free is just the first step, but that freedom requires you to take action

 

GOT DEBT?

NEED HELP?

CALL US?

Relief is just a phone call away!

Call 210-930-7000 to schedule a Free Debt Consultation.