At Grainger Legal Services we are dedicated to finding you more than a temporary solution to your financial problems, rather, we begin by identifying and addressing the source of your current situation. This could mean reevaluating living expenses, assessing your employment situation and examining six options for getting debt relief.  We believe the strategic goal needs to be to get to a point where available income can cover both living expenses and debt payments.  We want to help you “get out of the hole.”

As one of the more effective debt relief options, bankruptcy will stay on your credit report for 10 years. However, many of our bankruptcy clients report to us that their credit scores significantly improve after a bankruptcy.  It seems that, while not paying debts is negative on a credit report, positive aspects of bankruptcy on credit scores include (1) a lower debt-to-income ratio; (2) knowledge that other creditors cannot interfere with your ability to pay with garnishments, etc.; and (3) knowledge that filing subsequent bankruptcies are restricted for a number of years.  Some clients have even qualified to buy a home in two years.  Until you rebuild your credit, high interest will make it difficult to meet your other obligations and “get out of the hole.”  In 2010, we also experienced a number of clients who have reported that having collections and judgments on their credit report was interfering with getting a job and they sought bankruptcy relief so that employers would know those problems were resolved. 

In fact, our services go much further than just taking your information and passing it along the proper channels. We involve you in the process, educating you on how you can start improving your fiscal habits and what potential pitfalls exist with scams such as "credit counseling."