Avoiding the Pre-Approved Temptation

Uncontrollable circumstances can affect anyone. Job losses, serious illness, divorce, and other adverse life events can leave you with more bills than income; this can take a further toll on your already compromised welfare. During a period such as this, you may feel like the best choice is to seek out new credit or lending opportunities, but this can, in fact, have a severely negative impact on your credit in both the short term and the long term.

If you have found that you are consistently unable to keep up with your financial obligations to your creditors and other service providers, then it may be in your best interest to consider a bankruptcy filing or other debt resolution method. For counsel regarding your options, contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC at 480-829-0494.

The Hazards in the Mail

Credit card companies, banks, and other financial institutions regularly evaluate the records of those persons who are not their clients to determine whether they seem creditworthy enough to be an attractive new account. When someone is selected, the company sends a letter that advises him or her that there is a pre-approved credit or loan offer on the table.

But opening a new account or applying for new credit or loans is seen by some creditors and by the credit bureaus as a warning sign that you intend to go further into debt. Therefore, what might help you to pay a few bills at the present can harm you going forward.

Contact Us

Our firm is committed to helping you to identify the best debt solution for your current difficulties. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC at 480-829-0494.