San Diego, California (PRWEB) August 25, 2012
The San Diego bankruptcy lawyers at the Golden State Law Group, a law firm that provides legal help to businesses and consumers who need to file for bankruptcy protection and pursue other legal solutions to serious financial problems, hereby alerts the public of a recent report published by Cardratings.com that states that California is the fifth worst state in the United States for personal credit conditions.
The report, which is entitled, “The 10 best and worst states for credit conditions” was published on August 14, 2012 on the Cardratings.com Web site. The report used several criteria to formulate these rankings, and these criteria included unemployment rate, bankruptcy rate, foreclosure rate, average credit score and credit card delinquency rate and applied a score to each state based on the levels of each of these variables present. The sources used to define these variables included the Bureau of Labor Statistics, the American Bankruptcy Institute, the Experian National Credit Score Index, TransUnion and RealtyTrac.
California finished a dubious 46th on this list, finishing ahead of only Nevada, Florida, Georgia and Arizona. The five best states for personal credit conditions based on these rankings were North Dakota, Vermont, South Dakota, Montana and Iowa. California finished in its stated position because it was ranked the worst in the country in terms of foreclosure rate and because of high numbers with regards to unemployment and bankruptcy rate.
The San Diego bankruptcy attorneys at the Golden State Law Group, in response to this published report regarding credit conditions in California, hereby invite consumers and businesses who may be experiencing extreme financial difficulties to contact the firm to schedule a free initial consultation. During this free initial consultation, the attorneys at the firm will perform a complete financial analysis so that a clear plan can be formulated that provides relief for those who need it.
About the Golden State Law Group
The Golden State Law Group is a law firm in San Diego, California that’s comprised of a team of San Diego bankruptcy attorneys who provide legal help to consumers and businesses. Specifically, the attorneys at the firm provide help to consumers in the legal areas of consumer bankruptcy, business bankruptcy, tax debt issues and personal injury cases.