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Sunday, March 4, 20184eKomi
It was a pleasure to find that there is some one that still help the one that really need it. And take the time to listen and to exlpain thing so that you can understand.
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Thursday, March 8, 20185eKomi
Fast Track was a pleasure working with. I was really struggling with paying off my debt and they were able to help me lower my payments and pay them off quickly.
Fast Track Debt Relief, Inc.
Saturday, April 28, 20185eKomi
Great Service,everything was explained to my understanding.
Fast Track Debt Relief, Inc.
Wednesday, October 24, 20185eKomi
*** ultimately became my financial advisor and did an excellent job with a stressful situation. He pushed it thru quickly and efficiently.
Fast Track Debt Relief, Inc.
Wednesday, August 8, 20185eKomi
I received an offer in the mail regarding the program. At first, I was a little reluctant but my monthly bill payments were becoming difficult to maintain. After doing some research about the progr...
Fast Track Debt Relief, Inc.
Tuesday, September 11, 20185eKomi
Very impress with the pace in which my case was handled. Everyone made sure I understood what was happening and what was going to happen.
Fast Track Debt Relief, Inc.
Monday, October 22, 20185eKomi
Our experience has been wonderful with ***, he is great so glad we contacted him
Fast Track Debt Relief, Inc.
Wednesday, January 17, 20185eKomi
This process so far makes me feel so much relief. The staff has been extremely kind and helpful.
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
I was very tentative about reaching out for help with my financial situation. *** from Fast track was VERY understanding and continued to communicate with me every step of the way. She was very rea...
Fast Track Debt Relief, Inc.
Friday, September 28, 20185eKomi
Felt so relieved after the first conversation with ***. Cant wait to be sent free soon!
Fast Track Debt Relief, Inc.
Friday, October 5, 20185eKomi
Awesome experience with this office just wonderful .when I was at my lowest point .They took care of me.
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
EXTREMELY friendly, courteous and helpful. *** was very courteous and helpful. I was skeptical at first, but he let me know everything would work out fine.
Fast Track Debt Relief, Inc.
Friday, July 20, 20185eKomi
My experience thus has been excellent. *** made me feel comfortable and confident throughout the entire process.
Fast Track Debt Relief, Inc.
Wednesday, September 26, 20184eKomi
It has been a very positive experience so far. The people I have spoken and met with have been very friendly. I did not feel pressured in any way and they were very patient and forthcoming concerni...
Fast Track Debt Relief, Inc.
Thursday, February 1, 20185eKomi
The experience with Fast Track has been very easy and *** was very nice and professional, she made sure that I understood everything upfront.
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
The experience was exceptional. The people were very good in the explanation of your services. They even provided information in an email that I printed that explained the process.
Fast Track Debt Relief, Inc.
Friday, September 21, 20185eKomi
Professional and extremely helpful. Recommend to anyone who is in financial distress.
Fast Track Debt Relief, Inc.
Monday, July 23, 20185eKomi
Excellent services and knowledgeable employees!
Fast Track Debt Relief, Inc.
Friday, August 31, 20185eKomi
I found that this is probably one of the best experiences I've had dealing with a debt/finance company.
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
My experience thus has been good it has allowed me to use a new avenue in repairing my credit along with helping my daughters get back on track very professional staff every document was explained ...
Fast Track Debt Relief, Inc.
Thursday, February 22, 20185eKomi
To whom it may concern, it was a great pleasure working with you and the group. I couldn't have done this without you.
Fast Track Debt Relief, Inc.
Wednesday, January 3, 20185eKomi
To date it has been quick, courteous and mind relieving. Thank you so much for working with me to resolve my debts.
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
So far she has been great ,looking forward to seeing my credit score. *** was very persistent. very convincing. So she won be over.
Fast Track Debt Relief, Inc.
Wednesday, October 10, 20185eKomi
So far I can't say enough about this company especially *** she was awesome
Fast Track Debt Relief, Inc.
Thursday, March 1, 20185eKomi
It was a wonderful experience dealing with *** @ Fast Track Debt Releif. Very helpful in every way. Thanks again
Fast Track Debt Relief, Inc.
Thursday, April 12, 20185eKomi
I am satisfied with the information provided by the costumer service rep he took out the time to explain to me in details and made sure that I understood the process of consolidating my credit cards.
Fast Track Debt Relief, Inc.
Friday, August 3, 20185eKomi
*** was super helpful, kind, and easy to talk
Fast Track Debt Relief, Inc.
Thursday, August 2, 20185eKomi
*** has been awesome from the first minute I spoke with her. She is very professional but compassionate about my situation. It was always a pleasure speaking with her.
Fast Track Debt Relief, Inc.
Saturday, August 4, 20185eKomi
Everyone I've been contact with has been very helpful.
Fast Track Debt Relief, Inc.
Tuesday, April 3, 20185eKomi
Just like they say debt relief. I can't wait for that feeling because that's the way they make me feel. They make you feel very comfortable and help you understand the system how it's work.
Fast Track Debt Relief, Inc.
Monday, July 30, 20185eKomi
My experience with *** was very good actually excellent they're very quick about everything if I had any problems they took care of it right then and there I can call them up and have anything take...
Fast Track Debt Relief, Inc.
Saturday, August 18, 20185eKomi
Well the people I'm working with is very professional in the business that's helping me.*** and *** explained very clearly about how this program goes. I'm just starting so once I get into things a...
Fast Track Debt Relief, Inc.
Thursday, April 5, 20185eKomi
Our experience with this company to this point has been very good. They seem to be very efficient.
Fast Track Debt Relief, Inc.
Tuesday, August 28, 20185eKomi
*** was great. Knew what she was doing. Very persistant but it worked. First, i said no then an hour later, it was yes.
Fast Track Debt Relief, Inc.
Friday, October 12, 20185eKomi
*** was very patient and not pushy during the process. I finally feel like a load of stress has been lifted off of me.
Fast Track Debt Relief, Inc.
Thursday, November 15, 20185eKomi
*** was very good for us. She walked us through everything and was very competent. We were in very good hands & we appreciate her dedication, sincerity & all the time she spent helping us & explain...
Fast Track Debt Relief, Inc.
Saturday, July 14, 20185eKomi
The beginning proceedings over the phone were very easy. *** talked me through everything. But, he was a little condescending towards me for having to go through this process. But, he was nice afte...
FAST TRACK DEBT RELIEF ADVICE BLOG
FEB 23, 2018, FRIDAY
Debt-Relief-Options--Fast-Track What Happens to Your Credit After Bankruptcy?

Considering filing for bankruptcy? Before you do, consider the impact on your credit. Read on to learn more.

 

There are different types of bankruptcy. Chapter 7 bankruptcy is the most common. While it will stay on your credit report for 10 years, it won't necessarily impact your ability to re-establish credit for that entire period. The trouble with bankruptcy is more about stigma – but this can have very real impacts.

 

Debt Relief Options

 

Before we get started talking about bankruptcy, know that there are other options. Because these options aren't as widely discussed, people struggling with finances can sometimes pass up useful tools without even knowing they're there. In many cases, it can be more useful to someone to look at alternative debt relief options.

 

A debt relief company can help settle debts at a fraction of the money owed. They can also provide consolidation, which allows you to pay over a longer period of time at a lower interest rate.

 

If you aren't familiar with these options, we highly recommend you seek them out. Talk to a debt specialist to learn about all the strategies you can use to regain control of your financial situation.

 

Now, it's all about educating yourself about all the paths available, so let's dive into what happens to your credit after bankruptcy:

 

Immediate Impact

 

A Chapter 7 bankruptcy will typically discharge your debt in 90 days. During this time, you're protected from creditors taking legal action. In other words, there's a stay on your car or other items, preventing them from being repossessed.

 

Chapter 7 bankruptcy success rates are near 100%. This gives you some relief. Keep in mind that Chapter 7 fees range from $500-1,500. This is the part where a burden is lifted from your shoulders. That's also where the real work begins.

 

Establishing Credit

 

You'll likely go several months without credit. This is tough in today's world, but a good opportunity to teach yourself how to live off what you have. Make sure you go into this with a solid plan. After several months, you'll likely qualify for a secured credit card. Think of this as a type of training credit card. The only money on it is that which you've already paid into it. This allows you to build your credit back up. You may seek to take out two or three secured cards to do this, depending on what you can afford.

 

Unsecured Credit

 

After about two years, you'll be able to qualify for unsecured credit cards again. Make sure you make your payments on time. Any slip-up can crop up as a red flag for credit companies. If you keep up to date each month, you'll see your limits gradually increase over time.

 

It will take time to reestablish your credit. You will need to demonstrate that you can spend reasonably, make on-time payments, and that you don't rack up debt again.

 

Cars Loans

 

If part of your bankruptcy declaration involved unpaid car payments, it will be much harder to get a loan. You may have to start out small (e.g. opt for a less expensive car that you can pay off comfortably) and rebuild your payment history over time.

 

Mortgages

 

You can't get an FHA-insured mortgage for at least two years after a bankruptcy discharge. After this, you must establish good credit again and avoid racking up new debt. In rare circumstances, an FHA-backed mortgage can be offered between one and two years post-bankruptcy, but the demand for these loans is high.

 

Note: We've been discussing Chapter 7 bankruptcy here. Chapter 13 bankruptcy is an option for those who earn too much income to qualify for Chapter 7. Here, you must repay a portion of your debts. It can be more difficult and less successful.

 

Stigma

 

Bankruptcy is too often stigmatized. Debt in our society is surprisingly normal, yet because of this stigma, people often wait to take action until it's too late. Ironically, this stigma increases the number of bankruptcies because people are so fearful of taking action.

 

Bankruptcy will show up on your credit report for up to 10 years. This can limit the risks others want to take. When background checks are performed for a job, you may be denied hiring. This is particularly true for those in sectors that involve financing or collection of personal data.

 

Furthermore, landlords can be very skittish about bankruptcy on someone's history. There are some protections in place, but they're not always – or even often – followed.

 

Put simply, bankruptcy is safer when you have someone to rely upon – particularly family who can help you through it, or who are willing to co-sign a loan or rental agreement when it's needed. This takes good, clear communication.

 

Conclusions

 

A Chapter 7 bankruptcy can be far preferable to living under overwhelming debt. But it may not be the most advantageous choice. Make sure you've looked at all your debt relief options first. A debt relief company, for example, can often provide a middle ground that's a bit less earth-shattering.

 

Learn all your options before making a decision. Whether it's debt relief or bankruptcy that you choose, you can come out the other side and rebuild your life successfully. Many have done so be

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