Will Bankruptcy Begin My Credit Report Over Again - With A Clean Slate?
The fast simple answer is NO... Bankruptcy does not give you a clean credit slate. Many bankruptcy attorneys do not adequately understand or explain the effects of bankruptcy to their clients. To be blunt, and to state the implications of bankruptcy very simply - bankruptcy is to the credit rating what the atomic bomb is to the battlefield.
Bankruptcy - Avoid It If At All Possible
When you file for bankruptcy, every credit account that you decide to include in bankruptcy will become an "included in bankruptcy" item. Additionally, a bankruptcy filing and bankruptcy discharge listing will appear in the court records section of your credit report. Because so many negative items are attached to the bankruptcy, it becomes very difficult to remove all trace of the bad credit. If at all possible, you should avoid bankruptcy
.
Are there negative listings, such as bankruptcies and foreclosures, that are impossible to remove from the credit report?
The good news is that there is no type of negative listing that hasn't been repaired and removed from a credit report thousands of times. Negative items, such as bankruptcy, foreclosures or unpaid debts, are certainly more difficult to repair and remove from the credit report, but this has more to do with the operational systems of the credit bureaus than with the severity of the bad credit item. For example, judgments and tax liens are severely negative listings, yet are, overall, easier to repair.
Learn More: Will Deleted Negative Items Show Back Up On My Credit Report?
Bankruptcy - Get The Facts
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Why Use the Professional Team at Lexington Law...
Individuals can certainly repair their credit without the help of anyone; however, it can be a long complicated process. Be smart - Let experts work for you. Lexington Law has a team of credit repair experts that can turn your credit around very quickly. For as little as $39 a month, you can have legal experts correcting your credit scores! The substantial gain in saved interest and fees will more than pay for the small cost - it is smart to put credit repair into the hands of professionals.
Why not relax and let the experts at Lexington Law do what they do best! Lexington Law is so certain they can repair your credit they provide a refund if results are not met.
No Risk - Refund Policy
If Lexington Law doesn't remove enough disputed items from your credit, you will be given a refund... no questions asked. Lean more about the no-risk refund policy today!
What Does It Cost
The more important question is what is bad credit costing you? Repairing your credit is affordable, and will quickly pay for itself in saved interest and penalties. Learn more about how to have professionals repair your credit - affordably!
Benefits Of Higher Credit Scores
▪ Save Thousands In Interest
▪ Lowers House Payments
▪ Make Car Payments Affordable
▪ Make Saving Money Possible
▪ Provide Resources For Children
▪ Reduce Family Stress
What Does It Cost
The more important question is what is bad credit costing you? Repairing your credit is affordable, and will quickly pay for itself in saved interest and penalties. Learn more about how to have professionals repair your credit - affordably!
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