Why a bankrupt person needs
credit repair
You filed bankruptcy.
Your credit scores are a lot lower than the general population because of it.
Much of the information appearing on your credit reports is questionable…incomplete…inaccurate…unverifiable…and outdated.
The credit reporting agencies are required by federal law to remove questionable information from your credit reports—free of charge.
Sound too good to be true? Here are screen shots from Equifax’s website that proves they understand your rights…
However, nowhere in the law does it say they have to make it easy for you.
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Because the credit reporting agencies can't charge you to remove questionable information from your credit reports, they make you jump through hoops...climb over walls...and inconvenience you in any way possible.
Just try calling them and getting through their phone menus.
Sheesh!
The concept is quite simple...
Any negative inaccurate information that appears on your credit reports can have a dramatic impact on your credit scores.
So what can you do about it?
You have three choices:
- Ignore the problem and watch it not go away.
- Do it yourself (be prepared for it to turn into a part-time job and cause you much frustration).
- Hire a professional organization that knows how to bring a credit reporting agency to their knees.
In summary, be sure you do everything in your power to remove any questionable negative information from your credit reports.
In this economic climate, where lenders are raising their credit standards, it can mean the difference between getting approved or denied for the credit you seek.
This easy-to-understand book is a great starting point to understanding your credit. Sign up now to get your FREE copy.
Over the years we have heard thousands of stories of bankruptcy and recovery. Click below to view a video montage of just a few of those stories.
"My name is Frank. I'm from Pittsburgh, although I tease everybody, I grew up on the right side of the state in northeastern Pennsylvania and a Penn Stater. Right now I do consulting for myself. I started my own firm in the past nine months and it's been probably the toughest year of my life. I lost my best friend from 7th grade. I filed for Chapter 13 and then got fired and then had to roll that right into a 7 which made life pretty interesting. But now I feel like, and I've always had this and I never thought I'd ever be able to live a life that's called a wonderful life and that's my favorite movie. And in that movie there are so many similarities to what's happened to me and the feelings that you have when you have such trauma in your life.
And to be able to have hope is all that all of us ever want to have and there's hope that there's answers. There's hope that this is over. There's hope that you have a chance to do something with your life and I've been very fortunate..."
Frank A.
Pittsburgh, PA