Is it possible to rebuild your credit after bankruptcy? Absolutely! With experts like The Gil Law Firm by your side, results can happen more quickly than trying to figure it out by yourself.
Our company is more than just a law firm; we care for our clients post-services. We will share our tips for rebuilding your credit after filing Chapter 7 bankruptcy, including:
- Applying for a Bank Account: In addition to rebuilding your credit, a secondary benefit of having a bank account is having the means to make digital transactions, a necessity in our connected world. A bank account under your name moreover sends a clear message to creditors that you’re indeed financially stable.
- Getting a Secured Credit Card: For under $500, most banks will allow their bankers to hold a secure credit card. This is one of the fastest ways to bump up your credit score after it takes a dip due to bankruptcy.
- Practicing Good Financial Habits: Paying off your balance in full or signing up for auto-pay to avoid missing payments helps you keep your score in check.
Over the course of a few months or years, your credit score will gradually increase with these tips.
Bankruptcy doesn’t have to spell financial doom for the rest of your life. If you’re dreading filing bankruptcy understand that this process can be a clear path for renewing your financial independence without harassing phone calls or foreclosure.
A seasoned lawyer can show you how to file bankruptcy. In addition, hiring an expert can mean the difference between waiting seven to ten years to re-establish good credit and expediting the process to work in your favor. Let The Gil Law Firm show you how. Call (334) 673-0100 today.