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 ...
by Ricardo Mendiola If you are one of the fifty percent of credit consumers whose credit rankings fall below “good” you may have tried looking for credit repair options online. One thing you may have noticed is that there are a lot ads and schemes that offer you quick solutions, also known as quick fixes, if you purchase their solutions or software. Depending on what type of credit situation you are in, this option might be quite enticing as some people are facing immediate credit situations that are affecting their futures and/or the accumulation of a debt that looks like it will never get low enough to manage again. You may even decide to try one of these quick fix methods to get your credit repair started and completed in one step. DON’T. The credit repair ads may sounds enticing, and like a great value for their money, but as clever as the ad and slogans may be, that’s only because the creators of these programs have little else to worry about. The sim ...