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Credit Rating:
Your credit rating during and after completion of Chapter 13 will be as it
is now and was in the past, the personal opinion of any credit grantor who
looks at your record. A credit rating in not A, B or C, or 1, 2 or
3; it is a record of your past credit performances. This record is
made available to credit grantors, and they make up their minds, by their
own standards, as to whether or not they want to grant credit to
you. Suits, collections, attachments, straight bankruptcies and
Chapter 13 are indications, in one degree or another, of credit
problems. After some years and a number of paid-in-full Chapter 13
cases in this area, many knowledgeable credit grantors are looking with
respect upon those who have paid their debts in full under Chapter
13. Any credit record that has been blemished by a problem must be
gradually rebuilt.
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