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To Rebuild Credit: Start With A Bankruptcy.
Most people think that filing bankruptcy will hurt their credit.
That make no sense. Think about it.
If your credit is already messed up, maxed out, or dead then
bankruptcy can’t hurt it.
Want to know a secret?
The truth is that filing bankruptcy can actually help you rebuild credit.
Here’s the proof:
It goes without saying that if you can’t pay the debts you have, nobody in their right mind is going to give you a loan or additional credit. So, if you want to get more loans and credit in the future, you first have to put yourself in a position to make the payments on those additional loans and additional credit. Putting yourself in a position where you can afford to make the payments on additional loans and credit makes you more attractive to banks and other lenders.
To do this, you have to get rid of some of the debts you already have as quickly as possible. You have 2 options. You can keep paying on your debts, with interest eating up most of your payments, which can take years and what may seem like a lifetime. Even worse, if you can’t afford to make the minimum payments on those debts, while still paying all your other monthly living expenses, you will likely never get out of debt.
The other alternative is bankruptcy.
If you are a good, honest, hard-working person, filing bankruptcy releases you from certain types of the unsecured debts that are keeping you from getting more credit. For instance, if you have substantial amounts of credit card, medical or other types of unsecured debts, filing bankruptcy can help you get rid of a huge amount of these debts. I in most situations, the more of these unsecured debts you have, the more debt you can get rid of. In straight bankruptcy, under Chapter 7 of the U.S. Bankruptcy Code, filing bankruptcy means you can get rid of these unsecured debts in as little as 3 or 4 months. And, believe it or not, this is debt you will never have to pay back. You are released from this debt forever.
Lots of advertisements will promise to get you out of debt without making payments, but you know what they say, “If it sounds too good to be true, it isn’t.” Most of what you hear are just scams, but NOT when it comes to bankruptcy.
Bankruptcy is the real deal.
The bankruptcy laws were created by Congress to help good, honest, hard-working people just like you get out of debt, and these laws have the full weight of the U.S. Government behind them.
The bottom line is this. If getting rid of debt is what you need to do to start rebuilding your credit, bankruptcy may be the answer for you.
Others ads promise and promise and promise.
But only bankruptcy delivers..
Call today for a FREE debt consultation.
Call toll free 504-322-1634.