It's no secret that filing for bankruptcy has a profound impact on your credit and will likely show up on credit reports for about 10 years after you file. But there are ways to start reestablishing your credit in the immediate wake of bankruptcy, helping you get back on your financial feet even faster. Curt Davis Law Office PLLC has been representing bankruptcies for clients throughout the Somerset, Kentucky, area for over three decades.

Here, the professionals at Curt Davis Law Office PLLC share three tips for rebuilding after a bankruptcy filing:

• Secure New Credit: Understandably, it is challenging for people to get credit cards right after bankruptcies. But it is not impossible. There are certain credit companies that work primarily with clients just out of bankruptcy, and they may be willing to give you an unsecured credit card with a low limit. Just be aware of high-interest rates and exorbitant fees. Another option is to get a secured credit card, which works like a bank debit card. You put a certain amount of money into your credit account and spend off of that. Both of these options help repair credit after bankruptcies.
• Get A Car Loan: Again, this may not happen as soon you leave the bankruptcy courts, but it is possible to qualify for a car loan following bankruptcy. Bankruptcies are not immediate disqualifiers for many auto lenders, and if you can obtain a car loan, you are making huge strides in rebuilding your credit. Creditors look favorably upon the ability to acquire and maintain an auto loan, and your credit score will likely improve. Make sure your payments are on time every month. If you're struggling with debt you can't repay, contact Curt Davis Law Office PLLC to explore the different types of bankruptcy options available.
• Budget: Maintaining a strict budget is an excellent means to getting on your feet post-bankruptcy. Compile a detailed list of all your monthly expenses, compare it against your income, and plan every purchase in advance. Sticking to a budget is the hard part, but it is very doable. As part of the bankruptcy process at Curt Davis Law Office PLLC, you will undergo credit counseling that will help you improve your budgeting skills and provide valuable budgeting tips.

Call Curt Davis Law Office PLLC at (606) 378-2525 to see what types of bankruptcies may help your situation. You can also visit the firm's website to learn more about their history and other legal services, including as workers' comp and accident attorneys. Don't let a bankruptcy filing discourage you from being proactive in repairing your credit — a bright financial future still awaits!