Before Bankruptcy, Don’t Let Your Credit Score Trick You

Before Bankruptcy, There Are Two Ways Your Credit Score Tricks You

Are you worried about what bankruptcy will do to your credit score?

Your credit score is the tool the banks and credit card companies use to trick you into paying them, even when you can’t afford it. Think for a moment. Is your credit score more important than feeding your children? Probably not.

Is it more important to pay Capital One or take care of your family?

Back in 1934, the Supreme Court said that a fresh start in bankruptcy is “of public, as well as private, interest.” Here’s what they meant. The country is better off if you take care of your family; Capital One will be ok without your help. The fear of your after-bankruptcy credit score tricks people into worrying about the wrong thing.

There’s a second reason it really is trick. When you file bankruptcy, your credit score will go up. (At least for most people.)

I talk to people whose score is around 550 and assume with bankrutpcy it will drop into the 400;s. The opposite will actually happen. For most people, your credit score after bankruptcy will shoot up over 600.

Not only that. Within six months, Capital One will be offering you a new credit card.

Meet Vanessa, Lexria & Jubilee Key

Meet Vanessa, my Paralegal

Vanessa Hill, bankruptcy paralegal, has worked for me for twenty years. She will get your credit report (when you give us permission) and she will set up our next meeting.

Meet Lexria, My Virtual File Clerk

Lexria, is my virtual file clerk. She can’t answer legal questions, but she is really good at getting the necessary information and bankruptcy required documents.

Meet Jubilee Key, my document manager

Jubilee Key is my document manager. She will send you our final papers for approval after we go over them, and then send them to the court. But her first job is to get your permission, so Vanessa can get your credit report. So look for an email from Jubilee.