You have probably heard that filing for bankruptcy ruins your credit score. However, the truth is that bankruptcy can actually improve your credit score if you take the right steps once the process is complete.
As we began discussing in the last post, bankruptcy can do a lot of damage to a person's credit score and stays on their credit report for up to 10 years. However, the good news is that individuals in Wisconsin and elsewhere can start rebuilding their credit soon after receiving their bankruptcy discharge.
Wisconsin residents who find themselves in over their heads with debt may consider filing for bankruptcy as a way to clear their debts and start fresh. However, one of the biggest concerns individuals considering bankruptcy have is how it will affect their credit.
Credit Karma featured this great article on an issue that is important to many Southeastern Wisconsin families from Milwaukee to Racine. Miller and Miller can help you to rebuild and repair your credit score. Call us today for a free consultation in one of our three locations: Milwaukee, and Kenosha.
It is not uncommon for someone to enter my office, credit report in hand, with questions about items listed. Milwaukee, like everywhere these days has a lot of identity thieves lurking about and it is important that you know what puts your identity at risk. If you have debts that might be a result of identity theft call Miller and Miller today to discuss how to eliminate them and clean up your credit report. With offices in Milwaukee and Kenosha, we are only a short drive away!
From Milwaukee to Racine, Saukville to Waukesha, people in Wisconsin are coming to Miller and Miller, eliminating or reorganizing their debt, and getting the fresh start they deserve. One way of rebuilding credit after a bankruptcy is obtaining a prepaid credit card. If you are considering this option, keep reading the article below by John Ulsheimer:
While overall bankruptcy filings are down when compared to recent years. The article below, from the New York Times, certainly rings true for people living in the Milwaukee, Racine, Waukesha corridor and throughout Wisconsin. Call Miller and Miller today if you need help getting a fresh start!
The credit report dispute process is fairly mysterious, which means most people don't actually know what happens when they file a dispute with a credit reporting agency. Here's a step by step process that should help clear things up a bit.
While foreclosures in the Milwaukee, Waukesha, Racine area are trending down, people in Wisconsin are still very interested in ways to help them manage their mortgages. One bright spot in these difficult economic times has been the low mortgage rates, check them out here.
All too often, clients come into our office, review their credit report, and are shocked to see what is listed. Sometimes this is because there are old items that have been forgotten, but another culprit is identity theft.