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Why do you need help with credit repair?

Overcoming bankruptcy

10/26/2017

1 Comment

 
1 Comment
Mike Lee
10/26/2017 12:54:08 pm

It’s a difficult decision and most times you are forced to file for personal bankruptcy because of business failure or job loss.
Before the bankruptcy maybe the scores floated between 685 and 785. After the bankruptcy, scores can plummet to the low to mid 400s. Now it’s time for some rebuilding.
Keeping accounts current
You can keep you car payment thru a bankruptcy, and continuing to make recurring, on-time payments, this will quickly help out your credit and score.
Applying for new credit
Ask a parent to co-sign on a credit card. Put small expenses on the card and then pay them off in full and on time each month; this will also help restore your credit.
If there is no cosigner available, obtain a secured credit card, which some only require a $50 deposit for a $100 limit. Every month, pay it off right away. Within about six months, credit scores can be back up to 620.
Wait it out
Two years after filing you will be able to close on a home using an FHA loan.

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  • Home
  • Contact
  • Services
    • Student Loan Options
    • Judgment Removal
    • Tax Lien Removal
    • Charge Off Removal
    • Collection Deletion
    • Credit Deletion
    • Opt Out Pre Screen
    • Chexsystems
    • Dispute Code Removal
    • Late Payment Removal
  • DEBT VALIDATION
    • Fair Credit Billing Act
    • Medical Debt
    • Student Loan Debt
    • F D C P A
    • Mortgage Debt
    • Installment Debt
    • Debt Options
    • The Fair and Accurate Credit Transactions Act
    • Fair Credit Reporting Act
  • Credit Repair
    • Time Lines
    • How Are Late Payments Affecting Your Score
    • Credit Score >
      • The Major Credit Reporting Agencies
    • Collection account removal
    • Clean Up Your Credit Report
    • How Long Do Items Stay On Your Credit Report
    • Ways to Improve Your Credit Score
    • Dispute Credit Report Error
    • How to Fix Your Credit
    • How to Remove Collection Accounts From Your Credit Reports
    • how to fix errors on credit reports
    • Eviction on your credit report
    • Credit Inquiry
    • Your credit report account mix
  • Make a Change
  • Credit Tips
  • Credit Coach
  • Fraudulent Credit Accounts
  • Negative Info Stays On Credit Reports
  • Debt Settlement Companies
  • Credit Score Boost
  • Establishing Good Credit Habits
  • Getting Your First Credit Card
  • HOW IMPORTANT IS A CREDIT CARD
  • How Many Credit Cards Should You Have
  • FAQS
    • Faqs2
  • National Lenders
  • Credit Card Companies
  • Free
  • How credit repair works