by Derrick A. Clayton There are ways to repair your credit after a bankruptcy. Although these procedures will not help right away, they can be used to help repair your credit over time. Taking the needed steps to eliminate the bankruptcy record from your report or to improve your credit after a bankruptcy can place you on the right road to prepare your credit report and score for the future. How could you remove a bankruptcy and increase your FICO score? Any derogatory accounts that were discharged during bankruptcy will show up as either “BK Liq Reo” or “Charge-off.” The bankruptcy will itself appear under the public record section as a Ch. 7 or Ch. 13. There is really just one way to erase a bankruptcy completely from your credit file and that is to deal with the credit bureaus directly. There is almost always some kind of mistake in the bankruptcy record since it was written by a human. One of the major possible difficulties you can dispute in a bankrupt ...
... Bob Hobson It is a major decision to consolidate or not to consolidate your debt. When debt becomes too much too handle and the creditors are making your life a living Hell the time may be right to take a major step to change the situation. Consolidating your debt and loans can be the ticket out of a deep hole. If being over your head in debt is the situation you find yourself in haste is not your friend. It is important that you clearly understand what you are taking on by consolidating your debt. Combining all of your debt into one institution resulting (hopefully) in a lower ...