Restoring Your Credit After Bankruptcy
Bankruptcy Attorney Serving Westchester County, New York
Credit restoration is possible
after bankruptcy. It is a common
myth that a debtor will be unable to get credit after filing for
bankruptcy or may be unable to restore his or her credit for at least 10 years. Although
bankruptcy will remain on your credit report for up to 10 years, you have
options in rebuilding your credit almost immediately after your
discharge. All it takes is an understanding of what to do and a full commitment
to carrying out the necessary steps.
Every debtor's situation will be different, and our Westchester County
debt relief attorneys understand this. When you involve a lawyer at our
offices to help with your
Chapter 7 or
Chapter 13 bankruptcy, we will take the time to discuss your short and long-term
financial goals with you so we can take the correct initial approach with
bankruptcy or perhaps an
alternative. From the very beginning, we can help you
decide whether bankruptcy is right for you. We can offer you helpful tips in how to restore your credit after your
debt is discharged.
You Can Restore Your Credit after Bankruptcy
Taking a proactive stance and restoring your credit is important after
bankruptcy. You may be interested in buying a home or leasing a car in
the future, and if you do nothing your chances of accomplishing this are
slender. Although bankruptcy may remain on your credit report for 7 to
10 years, you may be able to make large purchases such as these in a far
shorter time.
You can get started in restoring your credit by keeping up with all of
your current bills. Getting a secured credit card is also a good idea,
as long as you limit purchases on this and pay it off as quickly as possible.
Try to eliminate unnecessary expenses so you have more money to set aside,
and whatever you do, try to avoid spending money that you simply do not
have. Keep a close eye on your credit rating and monitor your progress.
To find out more about bankruptcy and credit restoration in the
Westchester County area,
contact
an attorney at our law offices today!