Get Foreclosure Help

Tag: experienced lawyer

  • How Long Does It Take to Rebuild Credit?

    How Long Does It Take to Rebuild Credit?

    Call: 888-297-6203

    In terms of credit rating, nothing could be worse than bankruptcy. Since it has long term effects on your credit history, you should weigh in all options before choosing to file for bankruptcy. As per Los Angeles based bankruptcy law firm Recovery Law Group, bankruptcy is a red flag which warns creditors of your financial issues. Depending on the bankruptcy chapter, the bankruptcy record remains on your credit report for 7-10 years. Thus, for this duration, you will be facing negative effects such as getting new credit at reasonable rates, etc.

    Though bankruptcy can cause numerous problems in getting new credit; however, with certain steps like managing your finances and being responsible with your budget, can help improve your credit rating slowly and steadily. Continuous efforts in this direction can help you rebuild credit even before bankruptcy is removed from your credit reports. In case of any doubts related to bankruptcy, call experienced lawyers at 888-297-6023.


      *Are you more than 60 days past due on your mortgage?

      *Do you own a home?

      Are you currently working?

      By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

    • Account Portrayal in Bankruptcy

      Account Portrayal in Bankruptcy

      Call: 888-297-6203

      Bankruptcy can adversely affect your credit report, this is a known fact. However, what most people are unaware of is, how the status of your accounts is affected after bankruptcy. In case any individual files for bankruptcy, the accounts included remain for seven years and are then deleted. According to Dallas based bankruptcy law firm Recovery Law Group , the various representations of the accounts included in bankruptcy are:

      • In the case of Chapter 13 bankruptcy, public records are discharged after five years from the bankruptcy filing date.
      • Accounts included in bankruptcy which were current, remain on credit report for seven years from the date of the bankruptcy
      • In case the account was delinquent prior to the bankruptcy filing, it will remain for seven years from the original date of delinquency.
      • Any account that was reaffirmed during bankruptcy is removed from the bankruptcy In case, you are current on payments on such accounts, they are reported and remain open and active.
      • Any account with positive status (payments current) is reported on your credit report as it has a positive effect.
      • Accounts with late payments are deleted after seven years from the date it became late and was unable to get current ever.

      In case you find a discrepancy in the status of any of your accounts on your credit report, you can get it rectified from the credit reporting bureaus. If you find this difficult, you can take the assistance of an experienced lawyer. Call 888-297-6023 to consult with expert lawyers.


        *Are you more than 60 days past due on your mortgage?

        *Do you own a home?

        Are you currently working?

        By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

      • Are Accounts Included in Bankruptcy Deleted?

        Are Accounts Included in Bankruptcy Deleted?

        Call: 888-297-6203

        When you file for bankruptcy, it is important to remember that any and all accounts that are included in the bankruptcy will find a mention on your credit report. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, inform that these accounts will not be deleted from your credit history immediately after a bankruptcy discharge, but remain on the credit report for a period of seven years. This seven-year duration is from the original delinquency date or the date of the bankruptcy filing. Individuals can file for bankruptcy under Chapter 7 or Chapter 13. The difference in credit reports in either cases is mentioned below:

        • Chapter 7

        When you file for bankruptcy, you are expected to mention all creditors and thus all accounts are listed in your credit report as “included in bankruptcy.” Once you get your bankruptcy discharge, which in the case of Chapter 7 takes 3-6 months, the account status gets updated to “discharged in bankruptcy.” Since debts in this chapter are discharged without any repayment, the bankruptcy remains on credit report for 10 years, however, the accounts included in bankruptcy are removed after seven years.

        • Chapter 13

        This chapter of bankruptcy involves repayment through a court-approved plan, on completion of which the bankruptcy is discharged after 3-5 years. Since some portion of the debts is paid in this case, the bankruptcy remains on your credit report for seven years. All accounts listed in Chapter 13 bankruptcy are shown as “included in bankruptcy” with their status changing to “discharged in bankruptcy” on completion of the repayment plan.

        In case any account included in bankruptcy fails to get listed in your credit report, you should approach a credit reporting company and provide Schedule A document from your bankruptcy filing so that the information is updated on your credit report. Having an experienced lawyer can make a huge difference to your bankruptcy case. In case you are looking for one, call 888-297-6023 to schedule an appointment.


          *Are you more than 60 days past due on your mortgage?

          *Do you own a home?

          Are you currently working?

          By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.