Auto Loan After a Bankruptcy Lockport NY

American Debt Management

Clean Your Credit Report the Right Way! Contact us today for a FREE consultation!

866-423-5163
140 October LN
Amherst, NY
http://www.americandm.com

At American Debt Management, we care about your credit. That is why we take a Three-Tier approach to cleaning your credit report. First, we contact the credit bureaus and request that they remove any derogatory items that can legally be removed. Next, we settle your credit accounts. Last, we make sure that these settled accounts are reflected properly on your credit report. This process can be accomplished in as little as 12 to 36 months, depending on the amount of debt to be settled, and the number of inaccurate credit report items to be removed or updated.

Most Debt Negotiation companies demand that you enroll ALL of your credit accounts in their program, including your open credit cards. They then stop the payments to these accounts, while they are saving settlement funds in your account, which normally takes about 36 months. Meanwhile, the credit card companies hit your credit report with 36 months worth of late payments and a charge-off (not to mention all those late-payment and over-limit fees that drive up your total balance). This process dramatically lowers your credit score. Depending on the number of credit items that charge-off, this process can lower your credit score by 250 POINTS OR MORE.
Our process includes making your current credit card payments so you do not get hit with late payment marks or new charge-offs on your credit report. It's important to keep your current accounts open while you are going through the credit restoration process. Once your old charged-off accounts are settled, and eventually updated on your credit report, your credit score will increase significantly, and having open, current accounts helps that process.