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#1 After Bankruptcy Tip Start
new good credit
You must get at least 3, 12 months reported to bureaus to improve
credit. See Below
#2 After Bankruptcy Tip Make sure each and
every account included in your chapter 7 or 13 Bankruptcy shows up
as INCLUDED IN BANKRUPTCY
Free Personal Credit Score Analysis Included.
I use
THIS SITE. Get your Free Credit Score from CreditReport.com - fast,
free and easy!
You need at least 3 - 6
open car/home loans/ credit cards to improve your credit scores! It
is not enough to pay off collections charges offs and medical bills.
You have to have current open rated credit (12 months reported to a
bureau within the last 1 - 2 years). Get good credit
below
Credit Cards for a 350
- 599 Credit Score
Credit Card for a 600 -
649 Score
Credit Cards for Credit Score of 650 -
699 Credit Cards for a 700
- 749 Credit Score
What is the best way to get credit after
a bankruptcy. I want my good credit score back after
bankruptcy? I make sure all my accounts that were
included in my bankruptcy are listed on my report as "included in
bankruptcy" and "zero balance". I submit the free credit dispute
form, include a copy of my credit report and court papers
circling accounts which should read included in
bankruptcy.
During my bankruptcy I always address
the credit report issue with my bankruptcy lawyer or trustee and
get them to make sure the credit report issue is addressed in some
way as far as reporting.
I try to keep some open credit lines
after chapter 13 bankruptcies. I keep these up to date no matter
what. I beg and borrow to pay these bills before 30 days elapse.
I get or keep at least 3 reported and
open current paid on time credit cards or loans that have been
reported at least 12 months.
What is the best bankruptcy to file if I
want to get my credit going as soon as possible and
why. Chapter 7 bankruptcy is the best to file if I
want to get on with my life as fast as possible. I
usually have give up all my assets to pay off as many of my debts
as possible. After a chapter 7 bankruptcy I can not file
bankruptcy again for several years and the bankruptcy erases
all debt immediately. I am discharged the same day to start
over. A Chapter 13 re certifies some debts like
homes and I make payments to the courts to pay off debts. When I pay off my court
appointed payments I will receive discharge papers. I cannot
get new credit or loans while I am in active chapter 13
bankruptcy. Any chapter 13 payments are recorded by the
court only.
Will my credit improve after a bankruptcy
drops off?
My credit score will
always improve when bad past bad credit drops off. If I have new
good credit, that reports to a bureau,
and the bankruptcy is 7 years old, then I
would say it will help my score about 10-50 points.
If the bankruptcy is an error and disputed off
my report, my score will jump 100+ points. The most important thing to do after a
bankruptcy is discharged IS, to establish new good credit right
now.
Question?
My
Credit is so bad; I don’t think I can get a slice of pizza on
credit. I have a home and car that I am making every effort to pay
on time, but this “economic crunch” that we’re all going through is
killing me!
I want
to just get back on the straight and narrow, but don’t know if its
best for me to just file bankruptcy or try to deal with the everyday
runaround.
1. If I
file bankruptcy, how will that affect my current charge offs on my
credit report?
2. If I file, how will that
affect my home and car?
3. I am married and
both I and wife are on the loan for the house, but have 2 separate
loans. How will filing affect her, will she have to file along with
me?
4. Can IRS levies be claimed with
bankruptcy
--------------------
bk will erase debts
you will lose both if you file 7
you might keep both if you file13
on a home it will hurt
both of you
IRS
never gets claimed in bk's
-------------------------------------------------------------------------------- Bo Questions. Check back here as I plan to post
future questions about bankruptcies here
Question #
1
I filed for BK 10/06 my case was
discharged 1/07 I pulled my credit report and Country wide home
loans is still showing a balance as is Mercedes also all my
collection accounts are still showing unpaid. If I dispute the items
with the credit bureau will it help my score?
Thanks for any advice
you may be able to give me.
-------------------
Bo
Majors to Live Human
If should if you
can provide documentation the accounts were zeroed out.
I would consider calling each account be fore I
dispute.
In the end you are entitled to have
your report reflect each account that was included in the
bankruptcy.
Question #2
Do you think a
MasterCard or Visa credit card would help in the process of
rebuilding credit after Chapter 7 bankruptcy if I were an authorized
user on these cards?
I tried in good faith to return merchandise
that was bought this year from Dell, after I lost my job but they
wouldn't take it back and it's in new condition. Can the
appointed Trustee still accuse me of fraud when filing Chapter 7
bankruptcy?
Also I
was blacklisted with Chexsystems for a ridiculous amount of
overdrafts and some weren't my fault, but I didn't dispute in a
timely manner so I'm stuck with them, because they went to an
outside collection agency. Can my mom open a savings account
in her name so I can use, I already have a checking account through
my school?
I
know everyone looks at bankruptcy as a dirty thing, but I wouldn't
be filing if it weren't absolutely my last option; the phone is
ringing off the hook with collection agencies threatening me and
creditors demanding payment; right now my credit score is somewhere
in the 400 range, which would take years to . When I look at
it in that perspective bankruptcy is not a bad option for me.
--------------------------------- I think the authorized user doesn't work
anymore
Returning merchandise will not
help
chapter 7 needs to be looked at by an
unbiased person.
you need to be in a certain
amount of debt with a less than reasonable chance of repaying
We must have 3 - 6 open car/home loans/credit
cards to improve credit scores! It's not enough to pay off
collections charges offs & bills. We MUST have current open
rated credit (12 mo's reported to bureaus within the last 1 - 2 yrs)
Get good credit BELOW
Credit Cards for a 350
- 599 Credit Score
Credit Card for a 600 -
649 Score
Credit Cards for Credit Score of 650 -
699 Credit Cards for a 700
- 749 Credit Score | 
