Debt Management

How to Avoid or Rebound from Bankruptcy

Bankruptcy is not free, contrary to popular belief.  When a person or couple gets into financial trouble to the point that they have to file for bankruptcy, it is usually far too late to save their credit and if they are lucky, their house will not be on the chopping block as well.  There is a financial service that is relatively new that is perfect for people who either are about to file or just did, provided they saved their home.

The Equation

We buy houses is a financial service that buys houses for less than market value.  How is that good?  If you want to avoid bankruptcy and need money fast, you can get 40% to 60% of the value of your home, in cash, in just a few days.  Depending on the value of your home, you may be able to pay off your dept.  The offer made by We Buy Houses, minus the amount of your debt, equals your net profit.  This is the amount of money you will have to begin again.

After Bankruptcy

If you have just filed for bankruptcy, you will not be able to get credit for several years.  One way to raise capital is to sell your belongings.  Used office furniture sells quickly on Craig’s list.  Another way, if you still own your home, is to sell it to one of the many companies that advertise, we buy houses for cash.  This is one way to ensure that you can maintain the comfort level that you are used to.  Your options are to rent a home or apartment until you can fix your credit woes.

Choose Wisely

There are we buy houses scam businesspeople out there that you have to watch out for so if you need to use this kind of financial service, take your time and choose carefully.  We buy houses fast will buy your home fairly quickly without requiring you to do any renovations or fix anything the way you would if you were listing your home on the open real estate market.