Restoring Your Credit (Bankruptcy)
When an individual falls behind on credit card payments, is unable to keep up with a mortgage or neglects to fulfill other financial obligations, it obviously will have a negative impact on a credit score. If you have recently filed for bankruptcy, you may be wondering what steps you can take to help restore your credit. The Fuller Law Firm, PC is a full-service bankruptcy law firm that provides legal representation for all forms of bankruptcy and other debt-related issues. During such a difficult time it is extremely beneficial to have an experienced lawyer on your side who you can trust to protect your best interests. Over the years we have helped countless individuals not only eliminate significant debt through bankruptcy, but also restore their credit after filing to regain control of their financial future. With a few simple steps, you can be well on your way to credit restoration. Many of our clients see their credit scores start to improve within 1 to 6 months of receiving their discharge from the bankruptcy court.
One of the first steps is to review your credit report to discover any errors. Any error potentially has a dramatic impact on a credit score. If you identify any errors, take action to dispute them or submit a request to the credit reporting bureaus to have the inaccuracies removed. Using credit responsibly is the next step in rebuilding your credit. Obtaining a secured credit card or low limit card can help you slowly re-establish your credit. It can also show creditors you are able to properly manage your money. You will need to use any credit you obtained carefully. Prepare a budget and be vigilant about paying on time. By adhering to these simple recommendations, you will be back on the road to financial viability within a short period of time. If you are interested in finding out what it will take to restore your credit after bankruptcy, contact our firm and schedule to meet with an Oakland bankruptcy lawyer as soon as possible.