How To Start Rebuilding Your Credit After Bankruptcy
Many people worry that bankruptcy will permanently destroy their credit. Fortunately, that isn’t the case. It’s entirely possible to rebuild your credit after bankruptcy. In fact, bankruptcy may be a way to eventually turn your credit score around if it’s hit rock bottom due to many missed payments. There are steps you can take post-bankruptcy to speed up the process of rebuilding your credit.
At The Law Office of Judith A. Descalso in Escondido, California, our bankruptcy lawyer can help you with all aspects of bankruptcy, including providing guidance on how to improve your credit score after the bankruptcy process is concluded. As a certified bankruptcy specialist with decades of experience, attorney Descalso knows how to address credit-related concerns. She can be your guide and legal lifeline during all stages of the bankruptcy process.
Steps And Tips For Rebuilding Your Credit
The single most important thing to do when rebuilding your credit is to make all of your payments on time. Missed or late payments can send your credit score back into a tailspin. Consistent, on-time payments are critical to getting your credit back on track.
On a similar note, make sure you don’t overextend yourself financially. Make a budget and stick to it.
You can also start building credit by applying for the right kind of credit card or line of credit. Before you apply, make sure that you qualify for it. Many companies offer secured credit cards or credit builder loans that can provide you with an opportunity to rebuild your credit even while your credit score is low. You can also become an authorized user or co-signer on the credit card or loan of a trusted friend or family member.
Talk With An Attorney About Your Credit Concerns
It’s understandable to be worried about your credit after bankruptcy. Our lawyer can address your concerns in the context of your unique situation. To learn more, please contact our firm online or call 760-670-4863.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.