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Let's Talk about Credit1/9/2019 Let's talk about credit!!!!
Here's some information on Bankruptcies. Chapter 7 or Chapter 13. If you recently became one of the 1/2 a million Americans who declare bankruptcy, probabilities are you are counting the days until your financial disaster disappears from your credit score report. The bankruptcy stays on seven or ten years after filing. Bankruptcies will always negatively impact your credit report. Depending on whether it was Chapter 7 or Chapter 13 you filed, it could take up to a decade for the financial ruin to disappear from your credit report. However, you might also have heard that it’s feasible to get the bankruptcy off your credit report. The truth is bankruptcies are tough to get rid of before their “expiration date.” That applies if the agency reported it correctly. Bankruptcy filings are a matter of public record. The courts where you filed them maintain them. So it’s only a matter of time before they end up on your credit report. Once one lands on your report, it’s hard to remove (whether it’s there legitimately or not). In order to tackle the monumental feat of removing a bankruptcy from your credit report, it’s important to know how bankruptcy works, how it impacts your credit, and what to do if you’re stuck with a bankruptcy on your report for the long haul. The Credit Specialist at MHN Credit Foundation can help you. Call today (336) 270-9509 and speak with a specialist.
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