Hey Guys, Kevin here with Family Credit Repair.
And today we’re going to briefly talk aboutcredit repair verses a bankruptcy. When weighing your options of trying to decide if you shouldfix your bad credit or declare bankruptcy, here are three basic guidelines that can help. One: What is your real financial situation? Most debt issues can be settled and fixedusing credit repair. But for all the other issues, a common rule of thumb is, if you “It’s a horrible thing but you certainly learn a lot from the process.” “The river came up over the road… owe more than 3 years of your income, you may want to consider declaring a bankruptcy. Two: What will your living situation be like and are you prepared to rent? If you declare a bankruptcy, you won’t be able to purchase a home until about 2 or 3 years.
Three: Ifyou file bankruptcy, it will stay on your credit reports up to 10 years as a black mark. Which can end up costing you 10s of thousands of dollars. As with all major financial decisions,it’s always recommended to have a professional look at your credit and help you make thebest decision for you and your situation. But no matter what happens, don’t let thestress of debt, control your life. You have options and our credit consultants are hereto help. hey friends welcome back to my youtube channel where i share tech tip social tips and app … For even more credit repair tips and advice, visit our website,family credit repair dot com. Have a great day