You Can Get Credit After Bankruptcy
It is a common bankruptcy myth that you cannot get credit after bankruptcy. In fact, this is far from the truth. While it might take a year or two, and require diligence on your part, bankruptcy can help you restore your credit.
At Bankruptcy Law Group, PC, we help clients throughout California and Nevada with a wide range of bankruptcy and debt relief matters. We are dedicated to helping you achieve debt relief and enjoying a more stable financial future.
Contact us today to discuss your debt relief options. Our California bankruptcy lawyers are here to help.
Bankruptcy and Your Financial Future
While bankruptcy will have a negative impact on your credit, most people who file for bankruptcy had serious credit problems to begin with. In fact, bankruptcy can be the turning point in moving from years of bad credit to a restored credit rating.
After bankruptcy, your credit is going to remain low unless you make some positive developments. It is important to be proactive in rebuilding your credit, while never taking on debt that is beyond your means or even close to it.
If you wish to rebuild your credit, you may want to consider taking on a secured credit card. Only buy necessities like gas and food — things you would normally pay cash for — with your new credit card. You may also wish to finance an affordable car. Saving up money for a sizable down payment can help keep interest rates manageable. Depending on your circumstances, you may even be able to buy a home after bankruptcy in a relatively short period of time.
It is also important to keep a close watch on your credit report. Your creditors are legally responsible for updating your credit accounts to the three major credit reporting bureaus. If they fail to do so, remind them, or talk with an attorney about possible legal actions.
Our attorneys can guide you through all stages of the bankruptcy process and advise you on successful strategies for rebuilding your credit after bankruptcy.
Schedule Your Free Consultation
If you need help filing for Chapter 7 or Chapter 13 bankruptcy, we are here for you. Contact us today to schedule a free debt relief consultation with one of our experienced California bankruptcy attorneys. We hold regular office hours and are available evenings and weekends by appointment. We have law offices in Sacramento, Fairfield, and Redding, California and Reno, Nevada.
