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Credit Repair Through Bankruptcy in Georgia

It may surprise you but filing for bankruptcy may be the fastest and best way for some Georgians to repair their credit score. Many people considering bankruptcy want to know about the best way to rebuild their credit after their bankruptcy case is discharged. Many are relieved to know that credit scores can often be repaired with careful planning and following some helpful steps.

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Rebuilding Credit Score After Bankruptcy


Repair Your Credit in Georgia

You probably know that a low score can keep you from qualifying for a loan or a new credit card. You may have already been turned down for an account or been unable to secure financing for a purchase you needed to make.

Unfortunately, there is no magical solution for improving your score. “Credit repair” businesses in Georgia that claim to make negative information disappear from your report are con artists who should be avoided at all costs. They have no more legal power to remove that information than you do.

Bankruptcy is the only repair solution that eliminates your debts, giving you the fresh start you need to start rebuilding. As an individual in Georgia, you can file for either Chapter 7 or Chapter 13.

With Chapter 7, you get a completely fresh start by eliminating most of your consumer debts. While Georgia laws allow a court-appointed trustee to sell your “non-exempt” assets to pay back your creditors, most of our clients don't end up losing a thing.

Instead of discharging debts, Chapter 13 reduces and restructures them. You'll make one affordable payment a month to a court-appointed trustee under a 3-to-5-year repayment plan.

The Impact of Bankruptcy on Your Credit Score in Georgia

With bankruptcy, you can eliminate the debts that created your bad score in the first place. While it remains in your file for ten years, the positive impact on your score typically exceeds any damage. In fact, many people actually improve their credit after filing.

Because each creditor has its own approval standards, you can still secure financing after bankruptcy. Most creditors would prefer to loan money to someone who has eliminated their debts than an overextended person drowning in debt. You can usually qualify for an auto loan or credit card soon after the process is complete.

A low credit score can also bar you from securing a mortgage. Once you get your fresh start, you can qualify for an FHA mortgage after just a year if you file for Chapter 13 or 2 years if you choose Chapter 7.

Schedule a Free Consultation With an Experienced Georgia Debt Repair Specialist

An experienced debt repair specialist can review your family’s situation and recommend the best solution to get your life back on track. Call or text DebtStoppers today at 678-673-2142 to request a no-cost debt repair evaluation with one of our qualified Georgia attorneys. We’ve helped thousands of families get their second chance at the good life.

Don’t wait another second to get started on your fresh start. Call or text us today to book your free consultation with a DebtStoppers lawyer.

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