Getting Started Rebuilding Your Credit
After you file for bankruptcy it is important that you start rebuilding your credit. The sooner you begin working towards establishing yourself as a responsible financial individual, the sooner you can begin to reap the benefits of your new-found financial freedom. At Cherney Law Firm, LLC, I stand ready to provide my clients with outstanding representation for their case and assist them in determining which may be the best chapter of bankruptcy to file under. If you have already filed and are looking to reestablish your credit, follow these simple steps:
Work with a Credit Counselor
If you work with a counselor or financial adviser, they can help you determine what went wrong the last time and assist you on getting a grip with your finances to begin rebuilding your credit. They can also give advise to help you maintain your credit long term.
Get a Credit Card
This may seem like the furthest thing from what you should be doing, but it is important that you apply for a credit card. Use it to purchase things that you can easily pay off like groceries or gas. Showing creditors that you can be responsible with credit can greatly increase your credit score.
Do Not Max Out Your Card
When getting a new card, do not max out your credit. Your recent bankruptcy is already reflected on your statement, so prove that you are responsible by paying off your card in a timely manner. This will go a long way toward rebuilding your credit.
Start a Budget
Look at your income and evaluate the expenditures you may have. Determine a budget and stick to it. Don’t forget to include non-discharged loans when developing your budget!
The more often you carry cash, the less likely you will be to pay with plastic. Cash is a great way to show you how much money you really have and create healthy spending habits.
Pay Off Non-Discharged Loans
Student loans, child support, and other non-discharged credits that were not erased with bankruptcy need to be paid off in a timely manner as well.
Work with an Experienced Bankruptcy Attorney
After you file for bankruptcy, it is important that you begin establishing your credit again. If you need assistance or if you are still considering whether filing for bankruptcy is right for you, do not hesitate to contact my firm. At Cherney Law Firm, LLC, I have assisted numerous clients throughout the years in establishing credit, discharging credit that cannot be paid and providing representation to Marietta residents in their time of need. If you have questions or concerns regarding the situation you find yourself in, do not hesitate to contact my firm. Get in touch with my firm today and schedule your free case evaluation as soon as possible.