Bankruptcy Credit Repair

Foreclosure is balanced by healthy activity even sooner than bankruptcy, as foreclosure only involves a single account--the mortgage. This means that foreclosure credit repair can sometimes happen more quickly than some individuals think. While a foreclosure remains on a credit report for a long period of time, the negative impact of a foreclosure can eventually be diminished by positive points for healthy activity on other accounts. So, individuals who remain diligent about paying on all accounts see these efforts pay off eventually in their credit ratings.

What about consumers who simply don't have the available funds to pay their bills on time? These consumers can pursue repairing credit after bankruptcy too! First, contact a credit specialist to find out what steps you can take to begin rebuilding credit. Next, follow their advice. Meanwhile, the agent will review your credit report, get any inaccuracies corrected, and try to help you secure lower interest rates and open accounts such as secured credit cards to show that you are a reliable borrower.

Consumers who follow through indeed see results--especially when they take the steps that lead to healthy credit. Everyone has a unique situation. Some consumers find relief using debt consolidation services. Others need to budget more carefully. Whatever your dilemma, we encourage you to call a specialist at Vitesse Financial today to see if we can help.