Bankruptcy and Your Credit Score
Managing Life After Bankruptcy in Southbury
One of the reasons why people are reluctant to file bankruptcy is the belief that it will destroy their credit score for life. Informed consumers know this simply isn’t true. While bankruptcy will have a temporary negative impact on your credit score, it may improve faster than you would believe.
If you need to file for bankruptcy, your credit score is likely already poor, due to missed loan payments, garnishments, liens, and other issues. By filing for bankruptcy, you can wipe out your debt and get started on the road to a healthier credit score. Many consumers can even obtain a new car loan right after their bankruptcy has concluded.
At LaRese Law, we are committed to helping our clients resolve their debt problems and pave the way for a brighter financial future. We can take the time to answer your questions and address your concerns about bankruptcy’s affect on your credit score.
Let us help you manage life after bankruptcy in Southbury. Call (203) 556-9709 or contact us online today.
Rebuilding Credit After Bankruptcy
It is quite possible to rebuild your credit score after a bankruptcy. With proper guidance, it can even be a straightforward and efficient process.
A few strategic steps you can take include:
- Creating a budget to keep your finances on track.
- Asking for your utility or rent payments to be reported to credit bureaus.
- Beginning to save money. Even a small savings account can help you handle an unanticipated expense without having to turn to a payday loan or a credit card.
- Checking your credit reports regularly to make sure there are no errors. If you are diligent, you can identify, dispute, and remove inaccuracies from your credit report.
In time, credit companies will see you are a responsible borrower and will offer you additional credit opportunities. By carefully taking advantage of such offers, you can continue to build a positive credit history.
Take Control of Your Credit Rating
If you are concerned about your credit, the worst thing you can do is nothing at all. The most effective debt relief tool for you may be filing for bankruptcy, but certainly reaching out for a free consultation is a great first step! We are here to help put your debt problems behind you so you can look ahead to better financial times.
Get started on the road to debt relief today by calling (203) 556-9709 or filling out our online contact form.
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Jennifer LaRese has helped my wife and I through a very difficult time.
“Jennifer was there over phone and email though the entire process and when we had our day in court. I would highly recommend using Jennifer LaRese for any Financial or real estate issues.”
- Ken -
Jennifer was a great help.
“Her contacts were businesslike but informal enough to make me feel at ease. Her advice was sound and the case was adjudicated successfully.”
- John -
She is very professional and personable, and very easy to feel comfortable with.
“She was clear and concise in her communication regarding what was at stake, what needed to be done and when it would occur. She was also easy to get a hold of and responded quickly to any questions/concerns I had.”
- Dan -
Jennifer, you're the best!
“In the end, I was able to keep my home. There is no way in the world that this could have happened if it weren't for Jennifer.”
- Sal -
My husband & I were lucky enough to find Jennifer.
“She will give you options and help guide you for what would work best for you and your situation. We are so happy we made that first step, she truly helped change our lives for the better.”
- Rebecca