Contact us for a free consultation Click to Call Phone 323-916-8660
Home » California » Credit Repair

How To Repair Your Credit in California?

When your family is struggling just to barely scrape by, bankruptcy could be the quickest way to repair your credit. Filing for bankruptcy allows you to eliminate the debt that is bringing down your score and get a second chance at good credit.

Call or text DebtStoppers today at 323-916-8660 to request a free financial evaluation with one of our experienced California attorneys. Let us show you how bankruptcy laws can turn around your family’s financial situation.

The Laws For Credit Repair in California

Bankruptcy lets you repair your credit by eliminating your debts. In California, you can choose between two kinds of personal bankruptcies: Chapter 7 and Chapter 13.

By filing Chapter 7, you can get a fresh start by wiping out most of your consumer debts. While California laws permit a court-appointed trustee to sell some of your belongings to reimburse creditors, in our experience, most DebtStoppers clients don’t lose a thing!

With Chapter 13, instead of completely eliminating your debts, you can restructure them into a 3-to-5-year repayment plan. Our clients who choose this option typically end up repaying about 10% of their total debt.

How To Fix Bad Credit Scores

On the FICO scale of 300 to 850, scores lower than 580 are "poor," and scores between 580 and 669 are "fair.” A low score can prevent you from getting approved for financing or securing housing. Sometimes it can even cost you a job!

Unfortunately, there is no magic spell that can instantly improve your score, even though many "credit repair" services in California pretend that they can make derogatory information disappear. The truth is, everything these companies can legally do to remove negative marks from your report, you can do yourself for free. These “businesses” are not magicians; they are swindlers who are looking to rob you blind.

How To Repair Your Finances Through Bankruptcy

Bankruptcy allows you to wipe out the debts that are lowering your score and start over with a clean slate. While bankruptcies will stay on your report for ten years, the positive effect on your score usually outweighs any consequences. In fact, many of our clients actually increase their scores by filing.

Plus, you can usually get an auto loan or a credit card shortly after filing, since creditors typically prefer to loan money to borrowers who have wiped out their debts than overextended people still drowning in excessive debt. You can also obtain an FHA mortgage after 2 years with Chapter 7 or 1 year if you file under Chapter 13.

A knowledgeable California debt repair attorney can review your family’s financial situation and help you decide the best way to start to rebuild. Call or text DebtStoppers today at 323-916-8660 to request your free debt analysis with one of our qualified California lawyers. We’ve helped thousands of families across the country improve their credit so they can live the life they’ve always dreamed of.

Don’t wait another second to start down the path to financial freedom. Call or text DebtStoppers in Los Angeles, California, today at 323-916-8660 to get your customized credit repair plan.