Yes, You Can Still Get Credit After Bankruptcy
One of the biggest concerns for people who are considering bankruptcy is whether they will ever be able to get credit again in the future. Yes, you can, and it often happens more quickly than you might expect. Creditors have done an excellent job of distributing misinformation about the impact of bankruptcy on a person's credit, and it's time that people seeking debt relief know the truth.
At Walton Legal Services, we offer our clients more than 30 years of experience providing sound debt-relief solutions, including Chapter 7 and Chapter 13 bankruptcy filings. You can rely on us for honest answers to your questions and customized plans designed to serve your best interests and no one else's.
Walton Legal Services: More than 30 years | More than 30,000 bankruptcies filed
New Credit Card Offers Can Help to Re-Establish Credit
After you receive the discharge of your debts, it will dramatically improve your debt-to-income ratio, a key component in most credit card companies' review process. You could see the first credit card offers coming in as early as six months after your bankruptcy. Most creditors will see that you have recently filed for bankruptcy, so some of the offers you receive initially may come with conditions attached.
Offers for credit should be reviewed carefully, and you should ensure that those you accept are a good fit for your long-term goals. As you select a few of the offers and begin to re-establish a payment history, you will begin the process of rebuilding your credit. Over time, your credit score will improve and you will eventually qualify for traditional lending, including home and auto loans.
Contact a Columbus Bankruptcy Attorney to Discuss Your Questions
If you are looking for an Indianapolis debt-relief lawyer to help you understand credit after bankruptcy, call one of our Indianapolis law offices, call our Columbus, Indiana, office or contact us online. We offer free initial consultations, and we give you detailed up-front information about our fee arrangements, so there will be no surprises.
We are a debt relief agency. We have helped more than 30,000 people file for bankruptcy relief under the Bankruptcy Code.
