Busted! Don’t Fall for These Financial Myths!

Author: Financial Hardship Associates Inc. | | Categories: Credit Card Issues , Credit Forgiveness , Credit Help , Credit Relief , Credit Repair , Credit Restoration , Financial Hardship , Money Problems

Busted - Don't Fall for These Financial Myths.jpg

The loss of employment, a change in your income or financial mismanagement can impede your ability to pay back your debts, and before you know it, you could be staring at filing for bankruptcy. While there are ways and means of tackling your debts and avoid filing for bankruptcy, the lack of adequate information has opened the doors to the proliferation of misconceptions. 

Over the years, these misconceptions have come to be accepted as the truth and prevent people like you from obtaining crucial financial guidance at times when you need it most. To help you steer clear of false facts that could jeopardize your credit history, Financial Hardship Associates Inc. has debunked three of the most widely believed financial myths. 

Myth 1: Filing for bankruptcy is a good option. 

Contrary to popular belief, filing for bankruptcy is not a great option because it will follow you for seven to ten years. Filing for bankruptcy fundamentally states that you do not fulfill your financial obligations to a creditor. As a result, you are unlikely to receive any credit for a couple of years. Moreover, while filing for bankruptcy, you need to pay a lawyer, and there is no guarantee that you will be debt-free. 

However, by working with Financial Hardship Associates Inc., you can enroll for one of our debt-free programs. We will communicate and negotiate with your creditors until all of your enrolled debt is paid off. We also offer competitive fees and discounts to help you attain financial freedom and save money.

Myth 2: Enrolling for any debt-free programs will ruin your credit. 

This myth exists because debt-free programs are a relatively new option where attorneys will reach out to your creditors and negotiate on your behalf to satisfy your pending debts. 

Financial Hardship Associates Inc.’s debt-free programs have a slingshot effect on your credit. Not only will you be debt-free, but your credit scores will skyrocket within twenty-four to forty-eight months. 

Myth 3: Providing financial information over the phone or internet is safe. 

Several people believe that providing financial information over the phone or via the internet is the best and most convenient option. Unfortunately, it is a high-risk move. At Financial Hardship Associates Inc., we believe that talking one-on-one with a representative is the best idea as you know exactly who you are giving your information to and where it is going. 

As a trustworthy firm and bonded representatives that are under the jurisdiction of the Federal Trade Commission (FTC), at Financial Hardship Associates Inc., we’re here to help you tackle any issue you have related to credit cards, debt, credit restoration, credit relief, credit help, credit forgiveness, money problems and any finance-related trouble you encounter.

We are your friends in finance and want to help you avoid falling prey to myths and misconceptions, as well as tackle your debt and set you on a path to financial freedom. We serve clients across Miami, Fort Lauderdale, Pompano Beach, Deerfield Beach, Boca Raton, Delray Beach, Lake Worth, Boynton Beach, Greenacres, Lantana, Palm Springs, Royal Palm Beach, Riviera Beach, Palm Beach Gardens, Wellington, West Palm Beach, Palm Beach County, Coral Springs, Jupiter, Plantation, Sunrise, Pembroke Pines, and Tamarac, Florida.

For a complete list of the services, we provide at Financial Hardship Associates Inc.please click here. If you have any questions about bankruptcy, we’d love to hear from you. Please contact us here.