What happens after you file for bankruptcy? Your debts will be eliminated, and you can breathe a sigh of relief. You’ll have a blank slate, but you may also have poor credit. Although bankruptcy will remain on your credit report for up to ten years, there are steps you can take right now to begin rebuilding your credit. Your bankruptcy lawyer can be a great resource even after you have filed.
The lawyers at Solvent PLLC in Hennepin County and Minneapolis are knowledgeable in all aspects of bankruptcy, including the actionable steps you can take to rebuild your credit. Our attorneys are dedicated to helping you back on your feet by providing guidance to get your finances back on track. Call today for more advice on life after bankruptcy.
Rebuilding Credit After Bankruptcy
Rebuilding credit after bankruptcy can be more challenging than building credit when you are just starting out. This is because your creditors will already know a lot about you. You will need to prove to your lenders that you are trustworthy and reliable.
Some steps you can take to rebuild your credit are:
- Checking your credit score and reports
- Stay current on all secured monthly payments (e.g. auto payments, mortgage payments)
- Obtain a secured credit card and make full payments monthly
When you are beginning to rebuild your credit, it is important to make sure your credit report is accurate. There will be some negative information, which cannot be helped. However, checking your report for inaccuracies will help ensure there is no false negative information adversely affecting your situation.
It is essential to pay your lenders in full and on time. Get in the habit of practicing good credit, and you will begin to see your score getting higher over time. The lawyers of Solvent PLLC in Hennepin County and Minneapolis can help guide you through every step of rebuilding your credit after bankruptcy. You may even find that your score is higher within a few years than it was before filing, as you will no longer be fighting to pay down insurmountable debts.
Rebuild Credit in Hennepin County and Minneapolis with Solvent PLLC
Rebuilding your credit after bankruptcy takes time and patience. Let the knowledgeable lawyers at Solvent help guide you through life after bankruptcy. Our attorneys in Hennepin County and Minneapolis have over 40 years combined experience in bankruptcy to assist your with your financial decisions after clearing your debts. Call Solvent PLLC today for a consultation.
