"Who Else Wants to Know How I Got Negative Items DELETED from My Credit Report & Raised My Credit Score 180 Points?"

What is a bankruptcy?

A Bankruptcy is a federal court order obtained by a debtor (individual or corporation) to obtian protection from creditors. Traditionally whenever a person is unable to pay his or her debts they “voluntarly” file bankrtuptcy declaring their inability to repay their debts.

How does a bankruptcy affect your credit rating?

After filing a bankruptcy, the majority of your creditors will write off the debts and report the accounts as “included in bankruptcy” on your credit reports. However more than likely a few accounts will still have an overdue and open status, and or balances.

The actual bankruptcy public record will stay on your credit report for 10 years from the filing date. The credit report should be updated to include the discharge date of your bankruptcy as well. This is not always the case.

Having negative and inaccurate information on your credit report after filing bankruptcy will add to the damage that your credit score has already taken from filing. It is your responsibility to repair your credit reports so that they are accurate.

What are your credit repair options after bankruptcy?

Essentially you have two options when dealing with a bankruptcy on your credit reports. You can handle cleaning and repairing your own credit report or you can hire an expert. Anyone can repair their own credit with enough information and time. If you do not want to learn the ins and outs of the consumer credit laws you should seek out the help of a professional credit repair company.

If you are interested in repairing your credit yourself check out this credit repair self help guide.

Which credit repair company should I hire?

We recommend Lexington Law Firm. Lexington Law Firm has been in business for over 19 years. They have served over ½ a million clients in that time. The shear amount of negative items they have removed in that time is staggering. In fact, they removed 1,013,469 negative items from their client’s credit reports in 2009! Here are some of their statistics from last year:

Items removed from credit reports:

* Bankruptcies 9,713
* Charge Offs 158,531
* Collection Accounts 485,147
* Foreclosures 2,567
* Judgments 28,564
* Late Payments 213,538

You can visit Lexington Law or Call 800-496-3604 to speak with a credit professional from Lexington law about your situation now.

What is a late payment?

A late payment is simply any payment made after the due date has passed. The lender may or may not report your payment late to the credit bureaus. Most creditors also don’t report the account as “late” until after it is 30 days late.

How will a late payment affect my credit score?

Late payments stay on your credit report for 7 years from the date of the initial missed payment. Payment history is 35% of your overall credit score… just one late payment can decrease your credit score over 100 points!

What are my options once I have a late payment?

Your first option is to try and remove the late payment yourself. Most creditors will forgive one late pay, no matter what the reason, just as a matter of good business. The first thing you might want to try is simply calling them or writing them a letter asking them to remove it. It doesn’t work most the time, but sometimes it does.

The second option is to hire a professional credit repair company to handle repairing your credit scores. Most professional credit repair companies have years of experience dealing with creditors and the credit reporting bureaus (Equifax, Experian and Trans Union). Not only can they remove late payments, they also can remove:

• Bankruptcies
• Charged off credit cards
• Judgements
• Repossessions
• Foreclosures
• Collection accounts
• Medical collections

Which credit repair company should I hire?

We recommend Lexington Law Firm. Lexington Law Firm has been in business for over 19 years. They have served over ½ a million clients in that time. The shear amount of negative items they have removed in that time is staggering. In fact, they removed 1,013,469 negative items from their client’s credit reports in 2009! Here are some of their statistics from last year:

Items removed from credit reports:

• Bankruptcies 9,713
• Charge Offs 158,531
• Collection Accounts 485,147
• Foreclosures 2,567
• Judgments 28,564
  
• Late Payments 213,538

You can visit Lexington Law’s website here or Call 800-496-3604  to speak with a credit professional from Lexington law about your situation now.