Bankruptcy Credit Repair
Now that your bankruptcy proceedings are final, you may think that there is nothing else you can do to fix your bad credit, to repair and alleviate the damage done. However, there are steps you can take to get back on your feet. Now is the time to look for experienced bad credit repair professionals to help you move forward. The sky is the limit with regards to bad credit repair post bankruptcy. You do not have to pigeonhole yourself and be complacent with bad credit forever - take some important steps towards bankruptcy credit repair and rebuilding.
Post-Bankruptcy Credit Repair - What Does It Mean?
If an account has been discharged in bankruptcy, it is now in a new status category that overrules its previous pre-bankruptcy status. What this means to you is that many of the derogatory elements valid prior to the bankruptcy are no longer withstanding. With help from ACS, the bad credit repair professionals, the negative marks should be easily removed from your credit report.
Bankruptcy Credit Repair Entails Rebuilding Efforts
In some cases, bankruptcy credit repair and bad credit repair will leave you with no credit at all. Let's look at this as an opportunity to rebuild. It is essential to get your rebuilding efforts underway immediately. Bankruptcy credit repair and rebuilding efforts are slightly different in that you will not be able to qualify for a regular credit card. However, secured credit cards are an excellent option in bad credit repair and rebuilding. Our advice to you is to open two secured credit card accounts immediately. Start using them and try to stick within 20% of the available credit line for optimal bankruptcy credit repair.
What The FCRA Says About Bankruptcy
There is one reference to bankruptcy in the Fair Credit Reporting Act. It states: '§ 605. Requirements relating to information contained in consumer reports [15 U.S.C. §1681c] (a) Information excluded from consumer reports - Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information: (1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.' What this means to you is that in the credit bureaus' eyes, the bankruptcy itself cannot continue to report discretions on your credit for more than ten years. Ten years may seem like forever, but there are many instances in which the bankruptcy will be removed from your credit report far in advance of this limitation.
Bad Credit Repair
With the ACS bankruptcy credit repair program, we review your credit report with a fine tooth comb and take every measure to make sure there are no issues continuing to plague your credit score post bankruptcy.
How To Initiate Bankruptcy Credit Repair
Visit our sign-up page today to get the process started to ensure your bankruptcy does not affect your credit score forever. We have years of experience with bankruptcy credit repair and will ensure you are ready to repair and rebuild effectively.