Two years after bankruptcy, Tonya is as home owner.
Tonya M, of Stafford VA, came to see me in late 2012. Her marriage had broken up, and she was working in a clothing store.
Tonya was desperate. She had just sold her engagement ring to keep herself afloat. Her biggest problem was a $30,000 loan from Navy Federal Credit Union. She was also cosigner on a $7,000 card with USAA. So far, her ex was paying that, but she was afraid he’d stop, then then then they’d come after her.
She had never been a homeowner and never expected to be; she just wanted Navy Fed to leave her alone; and not still be worried about her ex paying the cosigned USAA card.
I told her bankruptcy would do that and more. In three years, I told her, you can be back to good credit.
“In three years you can be back to good credit–good
enough credit to get a car loan at 6.9% or maybe
lower–good enough credit, if the income is there, to
qualify for a mortgage and buy a place.”
Turns out, it didn’t take Tonya even three years to by a house after bankruptcy.
We filed Tonya’s Chapter 7 bankruptcy case in January 2013, and it was discharged April 25, 2013.
In May, 2015, just two years after bankruptcy, Tonya was approved for a mortgage and bought a house.
So many people put off talking to a bankruptcy lawyer. They are afraid if they file bankruptcy, they can never get anything. For most people, that’s exactly backwards. Tonya M would never had been able to buy that house, unless she filed bankruptcy. Filing bankruptcy was what she needed to do, to fix her credit score and get her off the ex’s USAA card.
If you are wondering if you should file bankruptcy, make an appointment with an experienced bankruptcy lawyer. Don’t put it off. Start toward your better future today.
Tonya still asked for my help.
That big Navy Fed debt, the one that got her to come see me, was still sitting on her TransUnion report. Since both Experian and Equifax had it right, she had been able to get her mortgage. But her TU score was lower than the others, and she wanted that fixed.
We got to work right away.
As part of my exclusive Five Year After Bankruptcy Warranty, I’ll fight for you, if discharged debts pop back up on your credit report. No charge to you. If they don’t fix it right away, I sue the creditor and credit bureau–and I send them the bill. We get a couple thousand dollars for our clients, and a couple thousand as legal fees, doing that each month.
And, of course, we get those after-bankruptcy credit reports fixed.