Under the right circumstances, bankruptcy is an excellent tool that can and should be used to help homeowners. Fear of the ability to get credit should not be a determining factor in stopping someone from filing for bankruptcy. Nothing impacts a credit score more than missing mortgage payments, and after several missed mortgage payments the credit is already significantly reduced. In fact, most people that are in the position to file bankruptcy have already had their credit lowered to about as bad as it will get. On the contrary, after filing for bankruptcy you can then start fresh and begin rebuilding credit again.
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- OUTSTANDING RESULTS$641,714.66Principal ReductionAgainst BSI$498,779.27Principal ReductionAgainst Chase$438,529.96Principal ReductionAgainst Selene$401,712.66Principal ReductionAgainst Bank of America$308,015.95Principal ReductionAgainst Ocwen
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