Money Roots

If you declare bankruptcy, be prepared for it to show on your credit record for a minimum of 10 years. If any debt service offers to remove this from your record for a fee, it is too good to be true. They are simply trying to scam you out of the rest of your money. However, you can work at your credit repair after bankruptcy.

Get A Loan, Little Doggie

Hard to believe, but often the best thing you can do for your credit repair after bankruptcy is to get a loan and pay it off. The loan can be for anything- such as a car loan. You won’t be able to simply walk into the bank and ask for a loan- you’ll have to research and find the loan for you.

Although your bank might not be able to give you a loan, they may be able to recommend credit repair after bankruptcy loan services to you. If you have any trusted friends and family members who’ve gotten their financial acts back together after bankruptcy, ask them for recommendations. You credit card company may even be able to give you recommendations for credit repair after bankruptcy loans. And, when all else fails, go on line.

Searching the Internet

Think about what you want the credit repair after bankruptcy loan specifically for. For example, there are vehicle loan services who specialize in all aspects of vehicle loans – including credit repair after bankruptcy loans. You can also type into your favorite search engine “credit repair after bankruptcy” and, after wading through ads for a book of the same title, can find advice and information on getting that for which you seek.

There are many services and lenders who do offer credit repair after bankruptcy loans, just because there are a lot of customers who need this service. Remember, any kind of bank or lender is a business, and they will do whatever it takes to reel in new customers and keep the ones they already have. You are not alone when looking for a loan. There are thousands of individuals and companies that are in the same position as you.

And when you get the loan, for heaven’s sake, sell your firstborn before defaulting on it, or you can kiss any credit repair goodbye.

Tags: Bankruptcy, credit, credit repair, credit reports, credit score, Personal-Finance

This entry was posted on Friday, November 14th, 2008 at 2:46 pm and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.