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Credit Repair in Illinois

After a bankruptcy or foreclosure, your credit ratings won't instantly improve. Many companies promise they’ll be able to get your credit score repaired in 30 days though hiring a credit repair service is all about monthly fees, setup fees, work fees hidden costs, etc. And at the end, you’ll realize these products and services for bad credit will not fix your credit history, and you’ll need to do this by yourself when you come to your own terms. However, if you utilize credit wisely and avoid late payments over time, you may rebuild your credit and get back on stable financial ground.

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Credit Repair


Lies that Illinois Credit Repair Companies Tell

If it seems too good to be true, it probably is. Credit repair businesses in Illinois are full of promises, offering to or create a new financial identity for you. They may also promise to “negotiate” with your creditors to get your outstanding balances lowered. All you have to do is make your monthly bill payments directly to the “repair” company, and no longer to the creditor. The result? Your creditors don’t get paid and the amount you owe continues to climb.

These scams may also guarantee they can "erase" the following types of derogatory marks from your report:

The truth is that no one can legally remove correct negative information from your report. If the info is accurate, there's nothing that anybody can do about it. It will be on your report until it "falls off," which usually takes 6 or 7 years.

If there's information on your report that is incorrect or out of date, you can dispute it and request a free investigation. Any service that a repair company can legally provide, you can do yourself — for free!

There is no legal way for one of these businesses to erase derogatory marks from your report. You'll either be caught up in their criminal activity or will pay them to do diddly squat. No matter what, your score isn't changing. We don't recommend that you walk away from credit repair companies; we recommend that you RUN!


Credit Repair That Works

Filing for bankruptcy in Illinois may be the best way to improve your credit. Bankruptcy laws were enacted to serve as a life preserver for people drowning in debt. Filing Chapter 7 or Chapter 13 can get you the relief from creditors that you so desperately need.

While bankruptcy can strike a significant blow to your score, it won't go down all that much if it's already low. In fact, the positive impact to your credit often outweighs the initial hit.

Here are some of the short-term and long-term ways that bankruptcy can increase scores in the short and long term:

Getting Credit Again After Bankruptcy

Creditors are more likely to offer credit to a person who has eliminated debt with a bankruptcy. You can get a credit card or car loan shortly after filing.

Buying a Home After Bankruptcy

Because you need good credit to qualify for a mortgage, your current debt situation has permanently stalled your home ownership plans. Bankruptcy can actually get those dreams back on track.

There are many self-styled “credit doctors” doing business here. Don't fall for their tricks and lies . To get an honest assessment of your debt and a trustworthy, legal plan to combat it, call or text DebtStoppers today. Our experienced Illinois attorneys have helped thousands of people find a real fresh start through a DebtStoppers bankruptcy plan.

DebtStoppers is the only law firm in Illinois offering a true $0-Upfront Chapter 7. Call or text us at 312-913-0630 to schedule a free consultation and start down the road to financial recovery.

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