Filing for bankruptcy can give you the fresh start you deserve. When you finish filing for bankruptcy, you no longer owe any money to your creditors. You can live without all the pressure overwhelming debt causes you.
After bankruptcy you
can rebuild your credit. Here are some simple steps to getting your credit
score will start to rise. After as
little as 18-24 months, your credit report can be a positive one.
Improving Your Credit Score
There are several things you can do to improve your credit
score with a bankruptcy discharge on your credit report, including the
following.
- Acquire a Secured Credit Card. In order to rebuild your credit, you will need to take out loans and pay them on time. A secured credit card gives you credit up to the amount you have in the bank that issues the card.
- Take out an Installment Loan. A car loan is a common type of installment loan. You must make your payments on time every single month in order to use your installment loan to rebuild your credit.
- Check Your Credit Report. After your bankruptcy has been discharged, check your credit reports. You are looking for errors: debts you have repaid but still appear and any other types of mistakes. Contact the credit agency where the mistake appears to have it corrected.
In many ways, once you have completed a filing for Chapter 7
or Chapter 13 bankruptcy your financial future is brighter. It is important
that you avoid the mistakes and traps that could get you in trouble again. King
& King is dedicated to helping clients file for personal bankruptcy and
rebuild their lives afterwards. For a free initial consultation, contact our
office at 404-524-6400.
