Repair credit before or after bankruptcy

Submitted by Anonymous (not verified) on Tue, 07/27/2010 - 05:36
Forums

Hi,

I am going to file BK7 in a short time. However, I am trying to be proactive and start the credit repair now if at all possible. Is this something I can do now, or should try that once that BK is done. Does it make sense to join up with one of the monthly monitoring things at this point I am current with all Credit Cards now. I am doing the BK more so because of an underwater house that I need to get out of. I am going to assume they are gonna close all my accounts. One is actually closed already. Will the others consider keeping it open?Any advice is appreciated.

Hi Lana,

I am confused as to why you are deciding to file bankruptcy? There must be some other way to free yourself of the underwater house.

As for the credit repair, if you have already decided to file bankruptcy, you can try repairing your credit after the bankruptcy.

Thanks,

Aaron

Tue, 07/27/2010 - 09:50 Permalink