Oakland County Lawyer: Protect Your Credit Rating After Bankruptcy
Filing Chapter 7 or Chapter 13 bankruptcy will affect your credit for several years after you file. However, many people are surprised by the fact that, soon after they file, they receive offers of credit.
To protect and improve your credit rating after bankruptcy, it is important to make wise decisions that will help you restore your credit rating to as high a number as possible.
A Chapter 7 bankruptcy filing affects your credit rating for 10 years. A Chapter 13 bankruptcy affects your credit rating for eight years. The bankruptcy filing accounts for about 35 percent of your total credit score. Because bankruptcy does affect your credit rating, it is important for the rest of your credit rating to be as strong as possible.
One of the benefits of working directly with an experienced bankruptcy attorney like Southfield lawyer Sheryl A. Shoebottom is that Ms. Shoebottom has the freedom to continue to provide advice even after the bankruptcy case is complete. You can get answers to questions like, "How will bankruptcy affect my credit?" both before and after you file. Schedule a free initial consultation at the Oakland County law firm of Sheryl A. Shoebottom, PLLC. Call toll free 888-343-9145 or contact the firm online.
Tips for Rebuilding Your Credit Rating After Bankruptcy
Some common ways that bankruptcy filers work to rebuild their credit ratings include:
- Applying for a secured credit card
- Accepting credit offers and making all payments on time
- Use a co-signer when necessary
- Explain any special circumstances leading to the bankruptcy in a letter to the credit reporting agencies
- Investigate any denials of credit
- Timely payments are more beneficial than lump-sum pay-offs
Worries About Your Credit Rating Should Not Prevent You From Getting Legal Advice About Bankruptcy
Attorney Shoebottom will give you all the information you need to decide whether bankruptcy is the right debt relief option for your specific circumstances. If your credit rating is already seriously damaged, bankruptcy may actually be the best way to begin the process of restoring your credit rating.
Discuss your credit rating concerns with Southfield bankruptcy lawyer Sheryl A. Shoebottom. To schedule a free initial consultation, call toll free 888-343-9145 or send an e-mail.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
