As a Memphis bankruptcy attorney, I talk about credit a lot. I deal with credit a lot. Why is that?

Well, it’s very important. Without good credit, life could be a lot more expensive.

Let’s imagine for a minute –

You graduated college recently with a business degree and you found the perfect job online. All of the skills and requirements on the job listing match your skill-set with near perfection. You go through the application process, two interviews and everything is looking great. Then, before the job is offered to you, HR has to run a background and credit check. Due to those questionable financial decisions you made in college, your credit score is pretty low, resulting in a loss of a job offer.

You find a less-than-satisfying job and rent an apartment in the East Memphis area. That means it’s time to call Memphis Light Gas and Water (MLGW) and get your utilities set up. However, due to your bad credit, you owe a $200 deposit that could’ve been avoided.

Let’s fast-forward two years in which you don’t do anything to improve your spending habits. However, you have enough money saved up to start looking at buying a house – nothing big or special, but something to call your own.

After a month of house shopping, you find the perfect home. It’s a bit of a fixer-upper, but you’re in to that.

Now it’s credit check time and the same problem occurs. Your credit score hasn’t improved much but you’re approved for a loan, but WOW look at those interest rates!

These two years of life could’ve been lived more cheaply with good credit. Chances are you would have been offered that perfect job, avoided paying the utility deposit and gotten a loan for your house at a much lower interest rate, saving you a very valuable amount of money.

Is this you? Do you have bad credit? If you are in a copious amount of debt, credit collectors are harassing you, or you are being threatened with a lawsuit, you should call a top liquidation lawyer Memphis, TN has to offer for further advice.

Is your bad credit due to an overwhelming amount of debt resulting from bills you just can’t pay? Consider filing for bankruptcy.

A bankruptcy is nothing to be afraid of, in fact, with the right attitude and lifestyle changes along with a little patience, you can come out of a bankruptcy better than you went in.

At Darrell Castle & Associates, we offer a 14 week program, free to our clients, that can help you with this. The program, “7 Steps to 720,” will teach you:

  • how to rebuild your credit the right way
  • why most credit scores are wrong
  • which credit cards actually hurt your credit score
  • how to stop lenders that report the wrong information
  • how to re-establish your credit score after a bankruptcy


If you’re considering bankruptcy or if you have any questions, contact us today, either online or by calling us at (901) 327-2100. One of our experienced attorneys will be ready to speak with you, free of charge.