Lynch Law Offices, P.C.
Call Us Now for a FREE Consultation:
800-491-7493
Offices in Four Convenient Locations

Beware credit card debt when trying to rebuilt one's credit

Credit scores can be complicated to figure out. Big and small things can have a negative impact on your score. In order to rebuild your credit after a significant drop, it is recommended that you use credit cards. However, Illinois residents need to beware credit card debt in the process.

Rebuilding credit is like walking a fine line. One misstep can have serious consequences, and getting things back on track can take time. It can all be rather frustrating, to say the least.

There are a lot of things that go into your credit report. Your past and current financial history make up the bulk of the data, and it is this information that is used to give you a score. This score is what lenders then use to determine if you qualify for loans or other lines of credit. This score can also affect your ability to find a place to live. So, what your number is really is a big deal.

What takes so little time to break down can take Illinois residents years to build back up. It really does not take much to cause your credit score to drop. While the rebuilding process is slow, there are things that you can do to help your situation. Using credit cards is good, but only if you avoid too much credit card debt. To learn more about why you must be careful about how you use your credit cards during the rebuilding process and to find out how an attorney may be able to help you as you strive to improve your financial state, please take a moment and visit our firm's website.

No Comments

Leave a comment
Comment Information

How Can we Help You? Contact An Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Four Convenient Office Locations To Serve You

Toll Free: 800-491-7493 Fax: 888-691-8337

Five Convenient Office Locations To Serve You

Lisle Office - DuPage County
1011 Warrenville Road
Suite 150
Lisle, IL 60532

Map & Directions

Lockport Office - Will County
900 South State Street
Second Floor, Suite A
Lockport, IL 60441

Map & Directions

Aurora Office - Kane County
1444 North Farnsworth
Suite 100
Aurora, IL 60505

Map & Directions

Palatine Office - Cook County
800 East Northwest Highway
Suite 700
Palatine, IL 60074

Map & Directions

Chicago Office - Cook County
1 S Dearborn
Suite 2100
Chicago, IL 60603

Map & Directions

Toll Free: 800-491-7493 Fax: 630-960-4755