A bankruptcy can remain on your credit report for 10 years and be devastating to your credit scores. However, contrary to popular belief, you do NOT have to wait up to 10 years before being able to get a mortgage, car loan or any other type of credit again.
Read my story below (and check out the images for proof) to see how you can remove a bankruptcy from your credit report.
How I Got Bad Credit
A few years ago the company I worked for went under. I had a hard time finding a new job with our unstable economy and the bills kept piling up. It got to the point that I was no longer able to make my payments, not even the minimums. All of my credit card accounts were charged-off and sent to collection agencies.
My life became a nightmare of collection calls and endless harassment from debt collectors. It was a tough decision for me, but I decided to file bankruptcy. Although the bankruptcy had relieved me of the debt, the damage to my credit was already done.
How I Bounced Back
It’s not what happens to you, but how you react to it that matters. – Epictetus
I knew I had to do something about my credit. I wasn’t just going to sit there and wait for 7 to 10 years until the bad credit fell off of my report. I tried to apply for new loans to show them that I was credit worthy, but every single bank denied me. Getting turned down for loans over and over was frustrating and embarrassing.
A friend told me about Lexington Law Firm and was ranting and raving about how awesome they were. I was skeptical at first, but after seeing what they did for him, I knew I had to give them a try.