With over 21 years of experience as a consumer bankruptcy attorney, D.J. Rausa stays on the cutting edge of Bankruptcy and Student Loan Law which enables him to provide vital information to his clients.
A San Diego Bankruptcy Lawyer whoconcentrates his entire practice in Bankruptcy Law and can help you determine if filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy is right for you. If you've already filed for bankruptcy in the past, a Chapter 20 combination or debt settlement program just might be right for you.
Because an unsecured loan is never guaranteed by any type of property, these types of loans are a larger risk for lenders and typically have a much higher interest rate than secured loans. Although the interest rate may be higher, there may still be a lower interest rate than credit cards. Unlike mortgage loans, the interest on an unsecured loan cannot be tax deductible.
An unsecured loan is a good option for individuals who may not have enough equity in their house to be approved for a home equity loan. An unsecured loan will usually have a fixed interest rate and be owed at the end of a specific term, or it can be a revolving line of credit with a variable interest rate.
Are you burdened by debt? You are not alone. Consumer debt is reaching an all time high. Whether your debt problem is the result of a sickness, unemployment, or just overspending, it can feel overwhelming. In your effort to get out of debt, be on alert for advertisements offering seemingly quick fixes. While the adverts promise debt relief, they rarely tell you what they mean is BANKRUPTCY. And though bankruptcy is an option to deal with financial problems, it is generally considered the last resort option. Here is the reason: its long-term negative impact on your credit. Bankruptcy info (both the date of your filing and the later date of discharge) stays with your credit report for 10 years, and will hinder your ability to obtain credit, a job, insurance, or even a place to live.
A personal loan is a popular way to consolidate debt, or to pay for expenditures you didn't plan for like taxes, education expenses, medical bills, a wedding, home improvement bills, moving costs, and anything that life seems to have a way of throwing at us when we least expect it!
The advantages of an unsecured personal loan? There are many. First, there are different loans available to those with great credit as well as those with bad credit. And of course, the interest rate you will pay may depend in part on your credit rating. The better your credit score, the easier it may be to get a better interest rate. But don't quit if your credit is below perfect: there can still be many loans available.
Find information on credit cards, debt payments, and foreclosure assistance offered by a San Diego bankruptcy attorney. There are a number of organizations that provide consumers and homeowners with free or or very low cost debt counseling services that may help them with their bills and outstanding debts, prevent a foreclosure, repair their credit score, file for bankruptcy, and more.
Chapter 13 bankruptcy is the reorganization of your debt rather than the discharge of debt that falls under Chapter 7. Clients who may not qualify for Chapter 7 bankruptcy may recieve assistance from a San Diego chapter 13 bankruptcy attorney, D.J. Rausa in filing Chapter 13 bankruptcy. If you are not eligable for Chapter 7 bankruptcy, this is usually due to income or your assets.
Bankruptcy Attorney Rausa gives much needed help to clients so they can arrange more time to repay some or all of their outstanding debts, and may be able to renegotiate a discount or reduction in the amount of debt they owe.
Bankruptcy attorney DJ Rausa has over 20 years of experience as a consumer lawyer and he is a pioneer in San Diego bankruptcy law. Being one of the first lawyers in the county of San Diego to help shape legal interpretations of recent federal law changes.
As a consumer, you have options on how to consolidate your loans. Rolling multiple debts into one lower-interest loan may save you a lot of money and make your debt much easier to manage. You should explore all your debt options. Get offers from various lenders for various types of debt consolidation programs. Use online debt consolidation calculators or learn from insightful articles on other debt solutions.
Debt Consolidation Loan Types
Home Equity Loan
Cash-out Mortgage Refinance
Credit Card with Balance Transfer
Consolidation Loan Advantages
May be able to lower your interest rate
Fewer payments to make each month
Fewer service charges
A variety of loan types to choose from
If you want to file for bankruptcy, the first thing you need to know about is where to startt.
We can help you do that. Our San Diego Bankruptcy Attorney will give you an overview of the bankruptcy process in San Diego and connect you with a wide variety of resources (information, products, services, and lawyers) that will help you through the process of bankruptcy.
A typical bankruptcy candidate is a person who is already in fragile financial circumstances, often with great amounts of consumer debt, who then all of sudden faces a period of hard luck (loss of job, injury, divorce, uninsured medical expenses), which results in mounting payment penalties and an unpayable mountain of debt.
Bankruptcy law is created to help people who find themselves in this situation, who need assistance in making an escape from the walls of debt -- a "fresh start" on life, rather than spend the rest of their lives being crushed by the burden of unpayable debt.