A credit score in the 700’s is within your reach!
Learn more about how Chapter 7 Bankruptcy can help you.
It’s frustrating to see how fast your credit score can go down. It only takes a few late payments to knock you down over 100 points. However, there is hope to get your score over 700…and it might be easier than you think. At Bauman Bankruptcy Law, we’ve helped thousands of Kentuckians rebuild their credit after a Bankruptcy case.
Wait…filing Bankruptcy to increase your credit score…that sounds backwards. But it’s true! A Chapter 7 discharge gets you a fresh start on your credit report. This means that ALL negative activity disappears. There are very strict federal credit reporting rules after someone files Bankruptcy. This makes it so much easier to rebuild your credit after filing Bankruptcy.
Once your case ends, you can start to rebuild your credit immediately! Even though you won’t have any negative activity on your credit report anymore, it’s important to have some positive activity on your report going forward. The goal is to have at least 3 accounts that report on-time monthly payments. This includes a house payment, car payment, or student loans.
Taking these simple steps will get you well on your way to a 700 credit score. This means interest rates on future loans will be lower, which means lower monthly payments. And if your goal is to buy a home one day, you can do that just 2 years after your Chapter 7 case.
Let’s start the process to rebuild your credit TODAY! We have 2 convenient office locations in Louisville. Call us today or click on the link above to schedule a phone call with Jason.