Bankruptcy, How Long Will It Affect My Credit?

If you are considering bankruptcy as the solution for your problems with your debt there are some things you may want to consider before even applying for bankruptcy. We understand life can get tough sometimes and your debt may be overwhelming and increasing by the day, but there are other options you may want to consider before bankruptcy. One of the biggest consequences of filing for bankruptcy is that it will affect your credit, now just depending on which type of bankruptcy you file for you can affect your credit from 7 to 10 years! A Chapter 13 Bankruptcy is deleted from your credit report in 7 years and a Chapter 7 Bankruptcy is deleted from your credit report in 10 years.

For some people there really is no other option than bankruptcy to be able to save their assets. But for most people this is not the case. Once you file for bankruptcy it makes it even harder to get approved for new credit because you are considered a risk. Attempting to rebuild your credit the minute you file for bankruptcy is very important as it will take time and effort to do so especially if you are attempting to do it all on your own.

If you are truly considering filing for bankruptcy, take a moment to speak to a credit consultant in regards to your individual situation. Nobody’s situation is the same and you may have much better options available for yourself that you didn’t even know you had. Depending on your own situation you may be looking at being able to get all your credit and debt issues resolved in about a year. We offer completely FREE credit consultations and would be more than happy to review your own specific situation with you and help you find the best solution.

A Goal without a Plan is just a Wish. Give us a call TODAY at 844-FIX-URCR or click on the following link creditservicesofamerica.com to schedule your FREE consultation and create your personalize plan to achieve your credit and debt GOALS!

*Individual results may vary. Please call for more details and to discuss your own individual situation.

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