Address
10 Street Name, City Name
Country, Zip Code
Get in touch
555-555-5555
mymail@mailservice.com
Follow us
Improve Your Credit Score Through Bankruptcy
Salinas Improving Your Credit Score Lawyer
We now offer a new tool to help rebuild your credit score AFTER filing for bankruptcy! This program is designed to bring your credit score up to 720, FAST!
Will Bankruptcy Hurt My Credit?
If you are considering filing for bankruptcy, unfortunately your credit score is probably not that good. Missed loan payments, late payments, accounts that are in collections all bring your credit score down and raise your interest rates up, making it much harder to actually pay off your debt.
Bankruptcy can actually become a tool to rebuild your credit score
When you file for bankruptcy the majority of your credit report will be wiped clean. Your high balances are removed as are any late payments or records of unpaid debts. All of the accounts included in the bankruptcy will be marked as "Included in Chapter 7 Bankruptcy" or "Included in Chapter 13 Wage Earner Plan," depending on which type of bankruptcy you file. Both types of bankruptcy affect your credit score in the same way. You are then classified as a "bankruptcy filer" by FICO and you credit score will be based on how you compare to other bankruptcy filers.
Most clients report their credit rating scores actually IMPROVE upon filing their case! Clients typically start receiving multiple offers of credit about 90 days after filing Chapter 7. Credit card companies begin to see them as good candidates for credit card solicitations because they recognize the filing individual's debt-to-income ratio has gone to zero after filing. The credit card companies also understand that someone who has filed for Chapter 7 bankruptcy can't file for another Chapter 7 for eight years.
Bankruptcy can remain on your credit report for ten years. You will probably not achieve a perfect score of 850 as long as the bankruptcy is on your credit report, but a score in the 700's in not unreasonable if you practice good credit management.
We always emphasize that if you can repair your credit without filing bankruptcy, you should. Bankruptcy should always be a last resort.
Contact an Experienced Monterey Bankruptcy Attorney
Find out whether you can begin to rebuild your credit through bankruptcy. Contact Central Coast Bankruptcy, Inc., at 831-783-0260 to speak with our experienced California bankruptcy lawyer Jason Vogelpohl.
Salinas Office:
30 E. San Joaquin St,
Suite 203G
Salinas, CA 93901
Phone:
831-783-0260
Fax: 831-585-1024
Disclaimer: Central Coast Bankruptcy, Inc., A Professional Law Corporation, is a federally designated DEBT RELIEF AGENCY. This law firm provides legal advice about filing for bankruptcy and represents people and small businesses in filing for bankruptcy relief under the US Bankruptcy Code. The information described on this website is for informational purposes only, and should not be considered legal advice or legal authority. Further, the provision of such information does not form an attorney-client relationship. As such, you should not act or rely on this information before seeking the advice of legal counsel.No testimonial or endorsement anywhere on this website constitutes a guarantee, warranty or prediction regarding the outcome of your legal matter. Until an attorney-client relationship has been formed, any communication made may not be privileged.his website and its contents are considered an advertisement under the regulations of the State Bar of California.