Life After Chapter 7 Bankruptcy (1 Year Update | How I Rebuilt My Credit Score and Rented Again)
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- Опубликовано: 7 фев 2024
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I find that most people I speak with are concerned about their credit score, purchasing a vehicle, and whether they will be able to rent again. In this video, I will explain my experience with credit score, purchasing a new vehicle, and my renting experience after filing bankruptcy. This my bankruptcy experience video is someone on my team's experience that he wanted to share with others, so I utilize the first person, but it's their experience.
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Please call us or text us at 833-272-3631 if you have any questions whatsoever. We would love to speak with you about your situation.
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Do you want to estimate what your credit score will be after filing bankruptcy? Free estimator: tryascend.com/qualify/bankruptcy-credit-score-estimate/ytbkexp8
Please call me at 833-272-3631 if you have any questions.
My wife still has good credit and has me as an authorized user on one of her cards, I also have a mortgage so that helps. Within a month of filing my scores went from high 400s to 650-699. 40k in debt gone. Get a lawyer and do it now!
Yes! Thank you for the encouraging comment! So glad it's working out for you!
Yes. I just filed and hoping I did the right thing. But now im happy i did. 🎉🎉
If my credit card balances go up right before I file does that matter?
My attorney told me 2-3 months is a general rule of thumb. An argument can be made that you needed food and household goods, gas, ect. From the lenders prospective, they will try to prove “bad faith” if you were to buy anything expensive ($400+). Airline tickets, cars, jewelry, and most large purchases would be “bad faith”. What you spend the money on is important and your attorney will want receipts or an explanation for all recent purchases.
Bankruptcy is a setback, not a defeat. Hopefully, others will seek professional help from watching your videos.
Thank you!
You always repeat yourself on every bankruptcy RUclips channel 😂 good news though 👍🏼
This was so helpful!
Thank you! Happy to help!
I’ve been struggling with my debt for about 3 years. I haven’t missed a payment yet, and my credit report always points that out. But, that is about to change. I will be missing my first credit card Payment this week, and I am completely disgusted with myself. I’ve been considering chapter 7 for about a year now. After researching all my options, this seems like the best one. Guess it’s time I find an attorney
Hey Amanda, I'm sorry that you're going through this. Could you give me a call at 833-272-3631? Let me see if I can help answer questions and everything.
Girl go file your bankruptcy get your life back
@@deannathomas4149where do you go to file? I’ve been trying to figure that out
Same thing is happening to me now. I pride myself in having a 100% on time payments. I just missed my second payment for the first time and I feel ruined
@@mikasan237 sending love
Did you reaffirm your 2021 car loan? What was the process like? Can you “ride through “ your car loan, meaning can you keep it as long as you keep making payments on time?
I’m trying to understand here, @ 3:55 you’re stated that the reason you and your spouse filed for bankruptcy is because you want to purchase a home.
As that makes little sense to me, without any other info on the debt that lead to bankruptcy. I also don’t get how can you pay CCs on time AFTER bankruptcy, if there are no credit cards to pay for; since all the CCs debt was removed and the cards are closed.
So having no cards to pay for, after bankruptcy, and staying away from applying for any, how can one improve the score?
I had one credit card left that was in good standing, but it was closed with the others as part of bankruptcy.
Leaving me with no credit cards to build credit with.
You clearly didn’t even pay attention to the video at all. AFTER bankruptcy they got a secured credit card each and built it back up that way. If someone wants to buy a home but is drowning in debt they will never be able to purchase i home for awhile. So they cleared there debt with chapter 7 to start all over
Does BK affect future employment opportunities that is not the 3Cs, CEO CFO?
Hard for me to know that, sorry I couldn't be more helpful!
How to rebuild credit score after debt settlement.
Hi, great question! We have some resources you can check out! Our Credit rebuilding Portal: tryascend.com/chapter-7-bankruptcy-credit-rebuilding-portal and our Fresh Start Portal: tryascend.com/fresh-start. Credit rebuilding takes a while in general but if you have more questions, feel free to reach out to us at 833-272-3631.
So if you get your credit back up to 700’s, is the bankruptcy still hurting you? Or do potential creditor’s just look at the score?
There's multiple factors that tie into it! The type of bankruptcy you filed, the amount of debt you have, and how recently you filed all play a factor with creditors. For example a Chapter 7 stays on your credit report for 10 years whereas Chapter 13 stays on for 7 years, so even through you may have improved your credit score before the 7-10 years are up, creditors will still be able to view your credit report, which doesn't mean you may be denied of a loan or credit, they may just provide you a conditional one or ask for a co-signer.
I am currently waiting on my discharge. I can start working on rebuilding my credit now?
Definitely, 1:04 I'm not discharged yet and got 4 credit cards
Mission lane
Capital one
Indigo
Destiny
Absolutely!
Exactly 💯❤️
Do you have any finance professionals that have filed without it affecting their employment? That’s my only concern otherwise I would have filed yesterday
Hey! This story is about a finance professional and it didn't affect employment, if you have any questions about it, feel free to give us a call at 833-272-3631.
Can I keep my vehicle still and continue to make payments on it.
Thanks, just answered this above!
What was your score before filing???
Hard to say because the score was previously impacted by a DS program, so not super high.
Some people I know got approved for credit cards from Capital One and Discover but not secured cards.
@dmw1280 Credit card companies usually want to sign people up if they can, so that may make sense.
@@AscendFinance your probably right. My in-laws went bankrupt and after discharge my Mother in law got approved for a Capital One Card and bounced back. The key is recover and learn from your mistakes.
Can you help or guide me how to have crefot card ehile banckruptcy😊
Sorry for the delayed response, but we can definitely help guide you in the right direction. Shoot us a text or call at (833)272-3631.
Can I keep my vehicle n continue making the payments on it will they take it from me.
You can
Thanks, this may be a good question for the free attorney consultation if you decided to go that route, but many people sign reaffirmation agreements to keep their vehicles.
I just got out and have two cars on a pay and retain. Just recently decided to not keep paying on one of them because a personal loan is tied to it. Just don't sign a reaffirmation agreement. If the bank allows pay and retain it is the way to go.
What assets can they take away from
It depends! Shoot us a call or text at (833)272-3631 and someone from our team can talk to you about your situation and identify what would potentially be at risk.