How To Repair Your Credit After Bankruptcy

Cobb County Bankruptcy Attorneys Provide Options For Credit Reparation

Bankruptcy is a difficult and grueling process. Many people come out of it weary that they will face the negative financial repercussions of the experience for years to come. While recovering from bankruptcy is process that takes time, repairing one's credit is by no means impossible. Once you have come through the process of bankruptcy, the next step will be to ensure that your financial status does not suffer permanently from the experience.

The Purcell Law Firm, P.C. we stand by our clients and encourage them in their efforts to repair their financial status until the very end. We never abandon our clients prematurely but are here to offer financial and legal counsel to help facilitate credit repair.

Tips for Repairing Credit After Bankruptcy

Improving and repairing your credit score after a major event like debt settlement or bankruptcy will take a great deal of effort and discipline. Here are a few steps to ensuring that your credit is on the right track to repair:

  • Pay your bills: It sounds simple initially, but paying all of your normal monthly bills on time and in full is the best way to make sure your credit score does not go any lower than it is. It will also facilitate improvements overtime as timely payments begin to reflect positively on your credit score.
  • Create a budget and stick to it: Giving yourself limits on spending, especially when it comes to your credit cards, will ensure that you can manage your monthly billing statements easily. This doesn't mean that you shouldn't use credit cards at all but rather to use them only in a way that will reflect well on your credit score.
  • Pick the right credit cards: Experts have found that certain credit cards tend to have a greater impact on a consumer's credit score than others. With a secured credit card, the consumer deposits a prepaid amount on the card, which in turn becomes the limit on the credit card. This is essentially paying your credit card statement ahead of time and will gradually help to improve your credit score.

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The single most important factor to successful credit repair following bankruptcy is determination. If you are prepared to do what it takes and to stay within the limits of your monthly plan, you will be well on your way to a positive credit score.

At The Purcell Law Firm, P.C. in Kennesaw, our team works hard to provide you with all of the resources and information you need to survive life after bankruptcy. If you are searching for legal counsel or assistance with debt management in Cobb County or Cherokee County, contact our firm today and schedule your free consultation with our attorney.