As Great Recession Bankruptcy Reports Clear, First Financial Steps Up to Lend
FOR IMMEDIATE RELEASE
SAN DIEGO — Millions of Americans filed for bankruptcy during the Great Recession as jobs were lost and home values plummeted. More than seven years since the worst of those economic troubles, a serious black mark has since fallen off the credit reports of those who were granted Chapter 13 protection. As a similar moment of relief nears for many who filed for Chapter 7 bankruptcy, too, First Financial stands ready to offer personal loans even for those whose credit status has not fully recovered. A quick visit to the Better Business Bureau A+ rated company’s website at will show how auto loans, personal loans, and cash advances can be easy to obtain online, with an actively updated blog section offering helpful financial advice, as well.
“The Great Recession was a difficult time even for many of the most financially responsible Americans,” said First Financial representative Michael Severino, “While it is now well behind us, many have felt its lingering effects for years in the form of bankruptcy records on credit reports. The seven-year limit on Chapter 13 reporting is now well past for quite a few people, however, with the Chapter 7 window closing soon for many others, as well. As a result, a great many Americans are going to find themselves regaining access to credit, and we’re here to help. We’re proud of our reviews and Better Business Bureau rating, along with our commitment to informing and supporting our clients. We invite all to stop by our website at to see what we have to offer.”
In 2008, as the Great Recession got underway, consumer bankruptcy fillings topped a million, jumping nearly one-third from the year before, according to the American Bankruptcy Institute. By the following year, that total had skyrocketed to over 1.4 million, with 2010 seeing a further increase of more than ten percent.
Any personal bankruptcy will impair access to credit for the affected individual. With the limit on reporting of completed Chapter 13 bankruptcies being set at seven years, however, anyone who sought this form of protection through the worst of the Great Recession has seen or will soon see this weight removed. Although Chapter 7 bankruptcy will normally be noted for ten years, many who went that route during the Great Recession will likewise soon be experiencing this form of credit reporting relief.
As the nation’s leading lender to individuals with low credit scores, First Financial is ready to assist those in these situations and others. From personal loans with low interest rates that make it easy to pay off credit card balances, to auto loans for hard-working people, First Financial has built up an A+ rating with the Better Business Bureau by putting clients first. Those interested can learn more at the First Financial website at where a secure online system makes it easy to apply for a loan.
About First Financial:
Rated A+ by the Better Business Bureau, First Financial is America’s leading personal lender to those with low credit scores or bad credit.
Resource: get redirected here