Personal bankruptcies filings will set an all time record this year, up over 28%. There just is not enough information on how to restore, repair or fix your credit after bankruptcy.

Are you wondering what the effects of Bankruptcy on your credit are? Are you concerned if you will ever get credit after the Bankruptcy is complete? We find most consumers don't really understand the Bankruptcy process first of all, and have no idea how it will affect their credit rating and credit score.

Filing bankruptcy is the first step towards the restructuring and rehabilitation of a credit file. What most consumers don't understand is that filing a bankruptcy is just the beginning.

Bankruptcy does not resolve negative credit history. Bankruptcy only absolves debt.

Derogatory and harmful marks on the credit report are results of all chapters of bankruptcy filing. There is no quick fix! The events leading up to bankruptcy more than likely included late payment history, charged off accounts, slow pay or no pay. With a clear accounting of events begins the restoration and repair of the credit report.

Left alone, these negative items remain for 7 to 10 years until the statute on limitations expires. Even after that, unscrupulous bill collectors and creditors may unlawfully continue to report the derogatory items! The good news is that it's possible to recover from the negative credit effects of Bankruptcy much sooner.

Credit Financial Planning has a program designed to begin the process of rebuilding and restoring credit through resolution and elimination of derogatory credit history. This program can legally eliminate derogatory credit file information placed both before and after bankruptcy. This program will re-list the account information on the credit file eliminating much, if not all, of the derogatory credit information history. This program can be utilized whether you used an attorney for the filing, or filed without an attorney or a paralegal.

Only after a detailed and complete verification process is followed, any inaccuracies and unverifiable information removed, can one finally re-establish credit after bankruptcy.

Establishing credit after bankruptcy is not an impossible process, just a difficult one. Our counselors can advise you in the critical steps in the re-establishment process, including where to find credit cards, loans and financing that are accepting of your bankruptcy and offer the best rates.

Of course, we do want to emphasize the importance of credit remediation first. Either that, or wait the 10 years.

Talk to a Bankruptcy Credit Specialist for more information, CALL TODAY.