After the initial feeling of relief fades, it can be overwhelming to think about rebuilding your credit after filing for bankruptcy. You’ll need to work to prove that you can be responsible with your finances to bolster your credit score. This can be difficult, but should not be viewed as impossible. Make this process easier by following a few simple steps outlined below.

5 Ways to Get Back on Your Feet After Filing for Bankruptcy

1. Make a Budget

Get your spending under control while getting a better handle on your finances by making a budget for yourself. Seeing your income and expenses laid out in front of you can provide insight on how to better manage your money. Doing this is the first step in achieving financial success after bankruptcy.

2. Save Money

Because it will be harder to secure loans and credit cards after filing for bankruptcy, you must put money away for emergencies and large purchases. It also helps to maintain a positive bank balance to show potential lenders that you can be responsible with your finances.

3. Get a Job and a Place to Live

If you don’t have a job or a place to live, it’s time to find them now. Having regular employment and a steady living situation are more ways to prove that you can be responsible. Also, paying utilities and other household expenses on time can help to raise your credit score.

4. Pay Your Bills

Always pay your bills on time to rebuild your credit score. Now that you’ve been given a blank slate take the opportunity to keep your records clean. Any delinquencies can result in an inability to apply for loans, purchase a home, or enroll in basic amenities like cell phone service.

5. Get a Secured Credit Card or a Small Loan

A secured credit card is a great way to rebuild your credit post-bankruptcy. With this type of card, you deposit money into an account that serves as security. You can never spend beyond the balance of the account, which eliminates the temptation to over-spend. An alternative to this is to ask a friend or family member to cosign on a small loan, which you can repay to build your credit score.

Enlist the help of a skilled and experienced bankruptcy attorney by contacting Harry B. Zornow in Hamilton, OH. Attorney Zornow has been helping clients with bankruptcy law and debt relief for more than 30 years. Whether you need help filing for bankruptcy or consolidating your debt, he can help you get a second chance and begin with a clean slate. Get the personalized care you deserve by scheduling a free initial consultation by calling (513) 737-9770. You can also visit the website to learn more about the services provided by the practice.