Monthly Archives: August 2022

Did you know that if you continuously fail to pay your debts, your creditors can sue you, get a judgment against you, and then begin debt collection efforts? In some states, a money judgment can last up to 20 years. In that time frame, creditors can renew the judgment several times until you pay off your debt.

Whether we like it or not, credit reports are a huge indicator of how financially healthy and responsible we are. Years of crippling debt can lead to years of late payments. Unfortunately, years of late payments can damage your credit score for up to seven years, making it difficult for you to receive necessary loans, buy or rent a house, or even get that job you want.