Local Law Firms Home > Bankruptcy Debt Relief Overview > Bankruptcy and Credit Repair Help > Higher Interest Sometimes, when applying for a loan or credit card, high interest rates are part of getting accepted for that line of credit. Some credit cards come with high interest rates no matter what, but for others, it is often because of poor credit or because of a bankruptcy filing. No matter what the reason may be, high interest rates can be frustrating for those who are already struggling financially. Are you worried about higher interest rates on loans? Our bankruptcy lawyers can help you. Contact a bankruptcy law attorney in your area today to learn more about the legal aspects surrounding a bankruptcy filing. Higher interest rates on loans or lines of credit may be because of:
Since higher interest rates are almost inevitable for those who have poor credit or have filed for bankruptcy, you may want to explore the other options that are available to you before filing for bankruptcy. Talk with our bankruptcy law attorneys today and we will go over the specifics of your situation and offer legal advice and possibly provide other alternatives for you that could work at getting you back on your feet financially. Unfortunately, when it comes to higher interest rates on credit cards and loans, sometimes there may be no way around paying these rates except time. Once good credit is established again, interest rates often become lower.
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