Bankruptcy is NOT the easy way out people pretend it is. Sure, you know a bankruptcy can stay on your credit report for up to 10 years and cause you to lose valuable assets like your home or vehicle.
But did you also know that having a bankruptcy on your credit report can…
- Make it harder to rent an apartment or house
- Affect your chances of getting hired, especially for jobs in finance or with government agencies
- Limit your opportunities for new credit, like a car loan or financing a new computer , and when you do, it will cost a lot more
- Make it harder for your to open a checking account
- Raise your auto insurance premiums is you change providers or acquire new insurance
It is a lot to consider…
Before you pull the trigger and file your bankruptcy, you should take a look at credit restoration. Once you are through, you may not have to file bankruptcy after all!
When your credit score is low, you cannot access helpful financing like debt consolidation loans, either through a traditional bank or a peer-to-peer lending service. Restoring your credit can improve your score to a level where you can qualify for these options.
Professional credit restoration also helps you address old collections accounts. You may not realize it, but some of the debts on your credit report may be too old to legally collect… especially if they have been bought and sold several times between different debt collectors. If just a few of those were no longer “on the books”, you might have enough breathing room to get control of your other debts.
If you are facing foreclosure or repossessions, time is of the essence. Rapid response credit restoration is hard to come by. But with NCES, you can start seeing results in as little as three weeks. We’ve been at this a long time and know how to help you navigate the process quickly and efficiently.
Before you start your bankruptcy, give us a call. Let us see if there’s enough for us to work with on your credit report. It may be just what you need to avoid that costly bankruptcy and get you on the road to financial recovery.
If you have any questions, please give us a call at 770-952-5168 or contact us online.
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Other articles that may interest you:
Up Your Success Game In 2016
Keeping the Wolves at Bay – Safely Communicating With Debt Collectors
7 Ways to Improve Your Credit
This information is intended for informational and educational purposes only and not as legal advice. If you have concerns about your credit report, harassment, identity theft, illegal collections activity, garnishments, or property liens, you should consult an attorney who specializes in consumer rights and defense.