Seven to 10 Years Later

It is common to hear that bankruptcy stays on your credit report and affects your financial state for only seven to 10 years. Strictly speaking, this may be true. However, filing for bankruptcy affects you for the rest of your life. A bankruptcy filing is a federal court process, and that means it is accessible on public record forever. Credit Solutions unique service makes you debt free, and it is completely confidential.

A bankruptcy filing on your credit report makes obtaining loans very difficult. After your seven to 10 years pass, you may be able to obtain a form of credit, however, you will have exorbitantly high interest rates. This is because filing bankruptcy is one of the most detrimental marks against your credit score.

The two most common chapters under which debtors file bankruptcy are Chapter 7 and Chapter 13. Chapter 7 is a liquidation of assets. A court-appointed trustee takes control of all non-exempt property, sells it and pays your creditors with the money received. Chapter 13 allows the debtor to propose a plan to repay his debts. Chapter 13 offers an elimination or significant decrease of interest rates to aid the debtor in paying debts, usually within three to five years.

Credit Solutions offers you a better debt solution. You will not have to liquidate your assets, pay an attorney or pay courts fees. Our service is unique. Our certified representatives speak to your creditors for you and we often lower your total amount of debt. You repay less credit card debt; paying back cents on the dollar frees to you get out of debt quickly.

Our certified call-center representatives are available 24 hours a day, seven days a week to answer all of your questions. Credit Solutions has already helped more than 70,000 individuals and families become debt free in less than three years.

Let our service work to get you out of debt quickly. Bankruptcy will affect your life for more than seven to 10 years. Credit Solutions is a faster, smarter and easier answer. Call today for detailed information on how we can make you debt free.

Author Bio: Allison Roberts is a graduate of the University of North Texas Department of Journalism. She has experience in agency and in freelance public relations. Allison currently writes for Credit Solutions and she is completing an unfinished work of her late grandfather. For more articles by Allison, visit http://www.creditsolutions.com. Credit Solutions is offers a leading debt consolidation alternative.

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