Utah legal advice : One of the most common misconceptions regarding bankruptcy is that it necessitates forever to recover from. This is scary since people worry about never being able to rebuild their credit and have the opportunity to take out a home or auto loan in the future. Contrary to this myth, the recovery period after a bankruptcy discharge continues to decrease, allowing people to rebuild their credit ratings in a relatively short period of time. At the law office of CC Brown Law firm, we can help you file for bankruptcy and provide guidance on how to rebuild your credit after your bankruptcy. Do not let the myths surrounding bankruptcy stop you from getting the fresh start you need. Call us at 801-265-8500 for a free consultation.
In the months after your debt has been discharged, you will likely begin receiving solicitations from lenders offering loans for a number of reasons. As you seek to responsibly rebuild your credit, just keep the following tips in mind,
After declaring your Chapter 7 bankruptcy, it is important to make sure that all of your creditors, such as your house and car, are being paid on time and in full. Any other payment which you are making on a regular basis can also be reported to credit bureaus. You can ask them to report positive information to the credit bureaus. Once you have retained a credit card, make sure that it is paid in full every month as well. In most of the instances, a secured credit card is best and easiest way to start rebuilding your credit.
Open either a checking or savings account, so that you can demonstrate your ability to handle money.
Make sure to pay your bills on time every month.
Avoid payday loans and other forms of “easy” credit.
Consider writing letters to credit reporting agencies explaining the situations which led to your bankruptcy.
To learn more about how you can file for bankruptcy and rebuild your credit after bankruptcy, contact us to schedule a consultation with bankruptcy lawyer Charles Craig Brown. CC Brown Law bankruptcy attorney’s offer free appointment so that you can receive all the information you need to make an informed decision. Call us at 801-265-8500 to schedule a Free debt consultation.
For more details about