Many people believe that once they have declared bankruptcy, they will never again have a \u201cgood\u201d credit rating. This is a myth.<\/p>\n
A debtor\u2019s credit rating can be hit with as much as a 100-point deduction. However, the credit rating does not need to stay at the same low level for the ten years that the bankruptcy will be on record. There are a number of ways to regain points, even after bankruptcy. It just takes time, patience and some effort. As incredible as it may sound, a debtor may even start to rebuild their credit rating the day after it has been discharged. A good Iowa bankruptcy lawyer may advise their client of this during their consultations.<\/p>\n
The first thing a debtor needs to do is to get a copy of their credit report and carefully go over it. Credit reporting agencies do not always have accurate information. Even though a bankruptcy (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Many people believe that once they have declared bankruptcy, they will never again have a \u201cgood\u201d credit rating. This is a myth. A debtor\u2019s credit rating can be hit with as much as a 100-point deduction. However, the credit rating…<\/span><\/p>\n