Bankruptcy Repair? Here's What You Need To Know!
For those who have had to declare bankruptcy, you already know that this is one of the most damaging marks that you can have on your credit report. Many creditors consider it a "deal-breaker" when considering credit applications.
The two most common types of bankruptcy are referred to as "Chapter 7" and "Chapter 13". A Chapter 7 bankrutpcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.
Whichever way the bankruptcy has been filed, it's obvious that it will stay on your record for an extremely long time. This is why a person should consider getting some repair for their credit after filing bankruptcy.
Regardless of how flawless your credit may be, if it shows that you have gone bankrupt, it's going to show up, and turn off different companies. If you ever want to have a decent credit score again, you will need to collect information on different ways to repair your bankruptcy.
When trying to get through bankruptcy repair to your credit, you'll want to start engaging into the service of a specialist. Often times you can find a top expert that can assist you like a lawyer that might represent a client that has gone through these types of proceedings.
While it is difficult to remove bankruptcy information completely, there are credit repair companies that have had success doing this. More often, the information can be cleaned up and updated, adding explanations that will be included in your credit report.
You can find legal firms that specialize in bankruptcy repair and other credit repair agencies advertised online and they are also listed in the yellow pages. They will be happy to talk with you by phone and many of the first appointments will be free.
The two most common types of bankruptcy are referred to as "Chapter 7" and "Chapter 13". A Chapter 7 bankrutpcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.
Whichever way the bankruptcy has been filed, it's obvious that it will stay on your record for an extremely long time. This is why a person should consider getting some repair for their credit after filing bankruptcy.
Regardless of how flawless your credit may be, if it shows that you have gone bankrupt, it's going to show up, and turn off different companies. If you ever want to have a decent credit score again, you will need to collect information on different ways to repair your bankruptcy.
When trying to get through bankruptcy repair to your credit, you'll want to start engaging into the service of a specialist. Often times you can find a top expert that can assist you like a lawyer that might represent a client that has gone through these types of proceedings.
While it is difficult to remove bankruptcy information completely, there are credit repair companies that have had success doing this. More often, the information can be cleaned up and updated, adding explanations that will be included in your credit report.
You can find legal firms that specialize in bankruptcy repair and other credit repair agencies advertised online and they are also listed in the yellow pages. They will be happy to talk with you by phone and many of the first appointments will be free.
posted by Credit Counseling at
7:41 AM
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