Central Business District, Alabama
4317 Downtowner Loop N
Mobile, AL 36601
(251) 342-0264

5 Tips for Rebuilding Credit After Bankruptcy June 11, 2018

Central Business District, Mobile
5 Tips for Rebuilding Credit After Bankruptcy, Mobile, Alabama

Bankruptcy is a useful financial tool designed to help people facing insurmountable debts. Some individuals are hesitant to file, however, because they believe it will permanently ruin their credit. As any bankruptcy lawyer will tell you, while filing does show up on your credit report, it is possible to improve your rating. Find out how.

5 Ways to Improve Credit Following Bankruptcy

1. Check Your Credit Score

If you want to improve your credit rating, you need to know what you are starting with. While it might be intimidating at first, checking regularly will get inspiring with time, as you watch your score rise from month to month.

2. Get a Secured Credit Card

bankruptcy lawyerA secured credit card requires you to make an initial deposit equaling the value of the card’s limit. These are easier to get than normal credit cards, making them a smart way to start rebuilding credit after bankruptcy.

3. Look Into Retail Cards

Store and gasoline cards likewise have less stringent requirements than regular credit cards—and they can also boost your credit rating. Just pay off the full balance each month, as these have high interest rates.

4. Request a Co-Signed Loan

You probably won’t be able to get a bank loan immediately after filing for bankruptcy. However, you can ask a close friend or family member to co-sign a loan, and boost your rating by making regular timely payments. Late payments will also impact your co-signer’s credit rating, so don’t make this request lightly.

5. Create a Budget

Consistent, timely payments on loans, credit cards, and retail cards will steadily increase your credit score. Get help from a bankruptcy lawyer or financial advisor to create a budget, ensuring you can make these payments every month.


A bankruptcy lawyer can provide additional insights on how to regain your financial footing. For advice in southern Alabama, look to Padgett & Robertson, Attorneys at Law in Mobile. Known for trustworthy advice, they will give you the honest insights you deserve. An initial consultation including detailed financial analysis is free. Call the law office at (251) 342-0264 or use the online form to request an appointment with their bankruptcy lawyers.


No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. We are a debt relief agency. We help people file for Bankruptcy relief under the Bankruptcy Code.

Other Announcements, Events and Deals from Padgett & Robertson, Attorneys at Law
How to Rebuild Your Life After Bankruptcy, Mobile, Alabama
When you’re weighed down by debts you can’t repay, a bankruptcy lawyer can help you start your financial life over again. Even if you understand the benefits of bankruptcy, you might...read more
What Every Homeowner Should Know About Zombie Foreclosures, Mobile, Alabama
When the bank starts the foreclosure process and you’ve given up hope of saving your home, you might be tempted to just get out and start over. However reasonable this might seem, le...read more
Should I File for Bankruptcy Before or After Submitting a Tax Return?, Mobile, Alabama
Meeting with a bankruptcy lawyer can provide just the solution you’re looking for when dealing with insurmountable debt. However, there is often confusion as to whether it’s better t...read more
Understanding Contingent, Unliquidated, & Disputed Claims in Bankruptcy, Mobile, Alabama
Deciding to file bankruptcy is not easy, but this is often the best solution for obtaining debt relief. During the process, you will be required to fill out a variety of paperwork de...read more
3 Ways to Avoid Student Loan Wage Garnishment, Mobile, Alabama
Many people graduate from college every year with a mountain of student loan debt. Unfortunately, some borrowers find it difficult to keep up with what they owe and end up defau...read more