Monday, February 26, 2018

How Can I Raise My Credit Score After Bankruptcy In Georgia?

After filing bankruptcy one common question our clients ask is how they can start to rebuild their credit after the bankruptcy process is complete. The good news is that by filing bankruptcy, you can actually help your score. While credit scores typically decrease in the year prior to filing bankruptcy, after your bankruptcy discharge you can expect to see a steady rise in your credit score, especially if you are very careful while you rebuild your credit.

To keep your credit score moving in the right direction after filing bankruptcy, you may want to consider a secured credit card or a store credit account. Payments made on-time are reported to the credit bureaus which will help you rebuild a strong credit history.  It’s important to be judicious in taking on new loans.  Use credit sparingly and carefully.

Chapter 7 can remain on your credit report for up to ten years. Within 2-3 years after your bankruptcy discharge, a credit score in the 700's is possible if you practice good credit management.

If you are struggling with debt in Georgia and would like more information about bankruptcy and whether it may be an option for you, schedule a free consultation with King & King. Call us today at 404-524-6400 or visit us at for more information.