Trusted New Jersey Bankruptcy Attorney I was once again interviewed by Karin Price Mueller for her NJMoneyHelp.com column. One of Ms. Price Mueller’s readers asked this question. My daughter was out of work during the pandemic — thank god for unemployment — but she accumulated $20,000 of credit card debt. She still has a high credit score and she’s on [...]
Karina Lucid, Founder and President of Lucid Law, recently appeared on the Solution Point Podcast. In this episode, Karina discusses the importance of your credit score and related issues. For example, she discusses the perceived stigma about the filing of bankruptcy. She also addresses another myth that the bankruptcy process will ruin your credit score. In fact, while there may [...]
On November 1 at 8:15 a.m., Lucid Law kicks off its Workshop Series with Credit Repair and Credit Utilization. The Financial Grief Managed Workshop Series will include topics such as Credit Repair, Loan Modifications, Reverse Mortgages, Automobile Financing, Tax Debt, Student Loan Debt, and more! Our workshop series is on Mondays in our Bridgewater office. If you cannot come in [...]
Recently, I saw several articles where Wells Fargo announced the elimination of personal lines of credit. According to the reports, the elimination of these lines of credit will be final over the next few weeks. Wells Fargo customers rely on these lines, in the $3,000 - $100,000 range, to consolidate higher interest debt like credit cards, pay for major projects [...]
Throughout this crisis, we have seen the good in people. We have those on the front lines fighting to protect us. Essential workers are making sure that we have food on our tables. Assistance programs to help us to financially get through it. These are good things. However, we still worry about our health, the health of our loved ones, [...]
Amid this coronavirus pandemic, like everyone else, I am looking forward to better days ahead. Why? The answer is simple. I miss seeing people. While our office is open and we continue our clients’ work, remotely working with clients is not the same. I became a bankruptcy lawyer to help people. People call me when they are scared and unsure [...]
When dealing with debt collectors, nothing makes your heart sink faster than a phone call from an unrecognized 800 number. Collectors and creditors can be extremely aggressive when trying to secure late payments. However, before you assert your rights and control your situation, it’s important to know who you’re dealing with. Who Is Your Initial Lender? A creditor is anyone [...]
Your credit scores may be low due to bankruptcy, years of bad spending habits, or accounts in default. You can start taking steps today to repair your credit and improve your financial health. The first thing is to gain an understanding of credit repair. Start With Copies of Your Credit Reports Before you can start working on your credit, you [...]
Many consumers who are drowning in debt fail to file for bankruptcy even through they need the relief desperately. We have met with people who are terrified at the thought of going bankrupt. They claim that the filing will stay on their credit report for the rest of their life. They fear that they will never be able to get [...]
Is bankruptcy the best option if you are unable to repay debts? Especially as you have other obligations such as retirement, food and shelter. With so many websites offering free financial tools, it can be hard to know whom to trust. At Lucid Law, we thoroughly research financial products and companies to find you the best option for your bankruptcy. [...]
