Re-Establishing Your Credit After Bankruptcy
With your debts discharged and your financial affairs back under control, the next phase of the journey is usually focused on rebuilding your credit. Many people mistakenly believe that there is no credit after bankruptcy. While there is certainly a process involved, almost anyone can rebuild his or her credit regardless of financial history.
At Walton Legal Services, our attorneys help people throughout Indianapolis and the surrounding area in all aspects of the debt relief process, from filing for bankruptcy and obtaining your discharge, to managing life after bankruptcy. We will be there with you at every step in the process, working constantly to see that you are in the best possible position as you transition into this new phase of your life.
Walton Legal Services: More than 30 years | More than 30,000 bankruptcies filed
What Is the Best Approach to Rebuilding Credit?
The answer to this question is different for each person. Once the credit offers start coming in after your discharge, there will be some people who will be tempted to accept all of them. Be very careful how many and which offers you accept to ensure that you don't overextend yourself. Most often, it is better to accept one or two and use those accounts responsibly.
Re-establishing a good payment history can help to rebuild credit after bankruptcy and eventually lead to an improved credit score. Down the road, typically about two years after your bankruptcy, you will be able to get an FHA loan. By having a sound, realistic plan in place, you can get yourself back to the credit rating you want and deserve.
Contact Our Firm to Learn More About Rebuilding Your Credit
If you are looking for an Indianapolis debt-relief lawyer to help you understand how to rebuild your credit, 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.
