Contact Us

Bold labels are required.

NameThis field is required.


The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Simon, Fitzgerald, Cooke, Reed and Welch
Simon Fitzgerald, LLC
Louisiana’s Oldest Bankruptcy Law Firm
Free Case Evaluation
View Our Practice Areas

Hard inquiries often follow debt relief

When a Louisiana resident files for bankruptcy, it no doubt has numerous consequences in his or her immediate financial future. There are various types of bankruptcy and determining which type best fits a given set of circumstances can be challenging. Once a solid solution is found, however, debt relief can help avoid foreclosure and even wipe the financial slate clean. It also typically has an impact on a credit report.

Depending on whether a person files Chapter 7 or Chapter 13 bankruptcy, the filing will show on the filer's credit report for seven to 10 years. After bankruptcy, when the person seeks to obtain a line of credit, prospective creditors conduct hard inquiries. A hard inquiry means that a creditor is thoroughly reviewing a person's credit report.

The problem is that whenever a hard inquiry is made, points are deducted from the person's credit score. On occasion, such as if he or she is applying for a mortgage loan, such deductions may be waived if numerous hard inquiries occur within a short amount of time. Instead of each inquiry being treated separately, when multiple inquiries pertain to the same application, the system is set to treat them as a single review.

Just as certain forms of debt relief, such as bankruptcy, remain on a credit report for a number of years, each hard inquiry remains on a credit report for up to two years. Such issues should be kept in mind when someone is considering what type of debt relief might be the best option to help resolve a financial crisis. Any Louisiana resident with questions about hard inquiries or other bankruptcy issues may reach out for support from an experienced debt relief attorney.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Office Locations

Shreveport Office
4700 Line Avenue, Suite 200
Shreveport, LA 71106
Fax: 318-868-8966

Map & Directions

Shreveport Office

Alexandria Office
1118 3rd Street
Alexandria, LA 71301
Phone: 318-224-0340
Fax: 318-868-8966

Map & Directions

Alexandria Office

Lafayette Office
2901 Johnston Street, Suite 202
Lafayette, LA 70503
Phone: 337-205-0492
Fax: 337-456-5465

Map & Directions

Lafayette Office