October is a time for scares: ghosts, goblins, and ghouls abound and frights are as common as falling leaves.
One type of scare you don’t want in October is to come face-to-face with a low credit score. Unfortunately, for those who are considering filing Chapter 7 bankruptcy in Minnesota, a low credit score is a common problem and, once your score has fallen, it can be difficult to raise it again.
The relationship between Chapter 7 bankruptcy and your credit score
So, what is a credit score and how will filing Chapter 7 bankruptcy in Minnesota affect it?
Your credit score is a three-digit number that indicates your ability or inability to repay your loans and other debts. Credit scores range from 300, which is categorized as “very poor,” to 850, which is “exceptional.” Your financial activities cause your score to raise or lower over time. Lenders, banks, and other sources of financing use your credit score to determine whether or not to extend credit to you: a low score indicates that you are a risk, while a high score makes it more likely that you will repay the loan if it is given.
Chapter 7 bankruptcy itself is separate from your credit score, though the two are related. The same things that caused the need for Chapter 7 bankruptcy—whether it is unemployment, divorce, illness, or just bad luck—are also the cause of your low credit score. While filing Chapter 7 bankruptcy is an excellent way to erase your debts fast, it does not return your credit score to its original healthy state without some extra work on your part.
Improve your credit score with our FREE 90 Day Credit Repair Program
So, how can a Minnesota resident who is considering filing Chapter 7 bankruptcy also improve their credit score?
With Minnesota’s leading bankruptcy law firm, Kain & Scott! We are the only Minnesota bankruptcy law firm to provide all our bankruptcy clients with a FREE 90 Day Credit Repair Program that will give you the tools you need to improve your credit score and get financing for things your family needs from our list of trusted Minnesota lenders.
A low credit score can be scary, but with Kain & Scott’s FREE 90 Day Credit Repair Program we can help you bring your credit score back from the dead fast!
Erase your outstanding debt fast with Chapter 7 bankruptcy
But before we help you improve your credit score, we eliminate your debt fast with Chapter 7 bankruptcy! Chapter 7 bankruptcy is way to eliminate your unsecured debt in as little as 60-90 days. Just think: if you file for Chapter 7 bankruptcy now with Kain & Scott, you could be debt-free just in time for the New Year!
And, as soon as you file for Chapter 7 bankruptcy creditors will no longer contact you – you will finally get the peace and quiet you want while you sit back, relax, and wait for your debts to be discharged forever!
Kain & Scott: Minnesota’s leading Chapter 7 bankruptcy law firm
Kain & Scott is Minnesota’s leading Chapter 7 bankruptcy law firm; we have 50 years of collective experience helping Minnesota clients just like you erase their debt and get a fresh start. Unlike other law firms that advertise Chapter 7 bankruptcy services, our firm specializes in bankruptcy: that means our knowledgeable and dedicated staff spend 100% of their time helping clients erase their debts fast!
At Kain & Scott, we put our clients first by offering comprehensive debt solutions and fast and easy Chapter 7 bankruptcy filing. Our innovative client-centered services don’t stop with our FREE 90 Day Credit Repair Program. Just look at some of the other ways Kain & Scott stand out from other Minnesota Chapter 7 bankruptcy law firms:
- FREE initial consultation
- 100% Money Back Guarantee
- Affordable and easy flat-rate payments
- Chapter 7 bankruptcy filing from your home
- Fast bankruptcy filing within days of your free initial consultation
Get started improving your credit score and erasing your debt today
Chapter 7 bankruptcy is known as the “fresh start” bankruptcy because of the way it completely eliminates your unsecured debt forever. Our law firm understands that to truly give our clients a fresh start, they need a two-step debt solution: first we eliminate your unsecured debt with Chapter 7 bankruptcy and then we help you improve your credit score with our FREE 90 Day Credit Repair Program so you can get the financing for a new home, car, or anything else your family needs to get a fresh start!
For more information on how Kain & Scott not only erase your debts fast but help you to improve your credit score, contact our office for your free initial consultation today!