While your present financial state may seem bleak, there is life after bankruptcy. For clients in Dothan, AL, The Gil Law Firm can provide insight into bankruptcy proceedings, including essential questions for an attorney. After filing, you’ll need the right information to ensure your finances stay on track, and the following questions can get you the help you need.
Should I accept high-risk credit offers?
Once your bankruptcy case is settled, you may be swamped with offers for high-risk credit cards. These offers are often too good to be true, with many including membership fees and other hidden expenses. In this case, it’s important that you choose new credit cards with great care. Although re-establishing your credit is crucial, you don’t want it to come at the expense of financial stability.
Will I be able to qualify for loans?
Qualifying for loans will be another concern for you after bankruptcy. The truth is that you probably won’t be eligible for loans right after you file. However, within a period of two or three years, your ability to qualify for a loan will vastly improve, if you continue to pay your bills on time.
How long will it take for my credit score to improve?
Your credit score is another consideration. Much like being eligible for a loan, your credit rating will take some time and responsible financial practices to improve. Interest rates might also be higher for any new credit cards or loans you acquire after bankruptcy.
For reliable legal support that will see you through the most difficult times in your life, you can trust the service provided by The Gil Law Firm. If you’d like to learn more about how to file for bankruptcy, feel free to visit this firm online. You can also call (334) 673-0100 today to schedule a consultation with a skilled Dothan attorney.