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Bankruptcy Can Help Improve Your Credit Score

Bankruptcy Can Help Improve Your Credit Score

Many people wrongly believe that filing for bankruptcy will ruin their credit score beyond repair. This is simply not true. When you file for bankruptcy, your credit will take an initial hit, but once your bankruptcy is done (in about 3 months), you can start rebuilding your credit again. You will be starting with a clean slate, with no debt. If you are methodical and thorough, your credit score will shoot up quickly.

It is proven that filing for bankruptcy, wiping out your debt, and then rebuilding your credit is much more effective than struggling with overwhelming debt for years. If you make minimum payments, miss some payments, or make no payments towards your debt, your credit score will slowly go down. Your credit score will be better if you file for bankruptcy, start fresh, and rebuild from there.

Atlantis Law and their expert bankruptcy lawyers will help your rebuild your credit after you file bankruptcy. We will guide you through the process to that your credit score will increase significantly. One of our clients had an increase of 180 points, only one year after her bankruptcy. Contact us today to schedule a free consultation and start rebuilding your credit.

This infographic clearly shows how a bankruptcy can be a smart financial decision:

Bankruptcy can help improve your credit score

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