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Rebuilding Credit After Bankruptcy

If your debt is still shown as ongoing rather than erased following bankruptcy, it will even hurt your credit score. With that in mind, itu2019s a good idea to review your credit report thoroughly.u00a0For more information contact our bankruptcy lawyers and Call us at 303-622-0412.

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Rebuilding Credit After Bankruptcy

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  1. Credit Repair After Bankruptcy A common misconception about bankruptcy is that it ruins your credit. While bankruptcy does push your credit score down in the short term, recovery begins right away. What is a Credit Score? A credit score is a number between 300 and 850 that lenders and other third parties use to determine the risk of giving you money. Banks, credit card companies, and other financial organizations use the score to determine if you can or will be able to pay off any obligations you accrue. What Are the Different Ways to Rebuild Your Credit After Bankruptcy? However, if follow the instructions below your credit score will ultimately improve more quickly and you’ll be eligible for better credit offers with lower interest rates and fewer fees. Contact Us The Law Office of Clark Daniel Dray - Golden 14143 Golden W Pkwy #100, Golden, CO 80401, United States contact@draylegal.com 303-622-0412 www.debtfreecolorado.com

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