Collection accounts can hurt your credit to the point where it can be difficult to qualify for a loan or credit card. Over time, though, the negative impact of a collection account can diminish.
When you borrow money from a creditor, you have a legal obligation to repay it. As a result, having unpaid credit card debt can lead to a lawsuit.
Owning a business often comes with many ebbs and flows. Sometimes your cash flow hits a snag or unexpected expenses come up suddenly. These situations can leave you strapped for cash, which can make paying your bills difficult.
Business and personal credit share many similarities. Having good credit — for businesses and individuals — often means better access to loans.
Long Islanders that were unemployed or furloughed during COVID-19 have been receiving an additional $600 a week in unemployment as a result of the CARES Act. But that relief is scheduled to end on July 26.
We all have to start somewhere. Even financial professionals had to build their credit from scratch. And many have dealt with financial hiccups along the way.
As businesses slowly begin to reopen across the country, it finally seems as though there may be a light – though still distantly – at the end of the tunnel. While we seem to still be a long way away from returning to “normal,” the start of businesses reopening signals at least a financial shift.
In addition to the disastrous health impacts of COVID-19 on Long Island, the financial effects have also been profound. Many Long Island residents are currently out of work or working significantly fewer hours than they typically would.
While the general public may see global panic as a time to show more compassion, scammers unfortunately use times like this to prey on the most vulnerable. Coronavirus scams are unfortunately becoming more and more prevalent with each day that this pandemic continues.
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I just wanted to thank your entire staff at The Law Offices of Leslie H. Tayne, for helping me get out of debt. If it wasn’t for your firm, I would have never been able to resolve my $13k worth of debt in less than 3 years. Your staff did a great job, I was finally able to buy myself a brand new car without using a cosigner. I can’t tell you again how happy I am. I would recommend your services to anyone.
L.C. Client 2007-2009
I sleep like a baby at night now because of the work that you and your office have done. Rest assured that I will refer anyone I know to your office with conditions that are similarly circumstanced.
R.S. Client 2012-2014
You have been very helpful at first directing me in the right direction when I had no clue how to go about handling everything, I really appreciated all your advice and help and hope we can work something out. Thanks again for all your help and kind words, and patience.
D.M. Client 2009-2012