Business Financing

Quite often, we get calls from borrowers in a panic. They got a letter from the banks lawyer, and the bank is seeking a personal judgment against them. People don’t always know exactly what that means, but they know it ain’t good.

Everyone gets so upset over bank law suits and judgments entered against him or her. I understand it is not a pleasant experience but it means you really owe the bank some money. Sure, it may hurt your credit score a bit, but chances are you are in need of a credit rehabilitation program anyway and the debt relief can be worked out later.