Rebuilding Your Credit after Bankruptcy
Bankruptcy has become so common in this economy that it no longer has a negative stigma. In fact, people who file for bankruptcy often receive offers for credit after the bankruptcy process is completed and they have begun rebuilding their credit. If you want to learn about life after bankruptcy, contact Ward & Spires, LLC. We have the experience to examine your finances and discuss the possibilities of what your life may be like if you file for bankruptcy.
For a free consultation with our knowledgeable Georgia bankruptcy lawyers, please call 706-724-2640 or contact us online.
Filing for bankruptcy remains on your credit record for 10 years, but it also has some benefits. Because your debts will be discharged or repaid, you will likely be in better financial shape than you were before you filed.
There are steps you can take to repair your credit rating, including:
- Managing your debt-to-income ratio (not spending more than you have)
- Make payments for loans and other bills on time
- If you are keeping your home, keep making mortgage payments even during bankruptcy, if possible
It is also a good idea to make sure all discharged debt is removed from your credit report. Check your credit report three months after your bankruptcy is complete. If there are errors, have them removed. If you need assistance disputing the information on your credit report, we can help.
Please call our office at 706-724-2640 to schedule an appointment. Your consultation is free.