Bankruptcy Blog

Bankruptcy helps BUILD Your Credit

I am a lawyer that has helped thousands of Ohioans file Bankruptcy. With that experience, let me bust another myth for you.

Myth: Bankruptcy is bad for your credit.

Reality: Bankruptcy is the first step in the process of BUILDING your credit.

How is that possible?

1)     Let’s start with WHY you should file bankruptcy: You have mounting debt that is stressful, burdensome, resulting in lawsuits, garnishments, etc.

2)     Next, let’s look at how that debt is affecting your credit: It’s pulling it down; all those negative accounts are dragging your credit down, and preventing you from rebuilding it.

3)     Third, let’s look at what filing Bankruptcy will do to those negative accounts: It will zero them out. Eliminate the debts. Wipe-away those negative accounts from your credit.

4)     Finally, now that the negative balances are gone from your credit, you are finally able to INCREASE YOUR SCORE, and BUILD YOUR CREDIT.

Therefore, I see filing bankruptcy as a way to clear the path to BUILDING your credit into the future.

To learn how Bankruptcy can benefit you: CALL ME, Lucas Ruffing, for a FREE consultation, or just to have a simple question answered!

-Lucas Ruffing
Bankruptcy Lawyer
740-815-1114
LucasRuffingLaw@gmail.com

Lucas Ruffing