Will Filing For Bankruptcy Ruin Your Credit Score?

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One of the reasons people are reluctant to file for bankruptcy is because they believe it will destroy their credit score for life. Informed consumers know this isn’t true. While bankruptcy will have a temporary negative impact on your credit score, it may actually improve it in the long run.

If you need to file for bankruptcy, your credit score is likely poor to begin with 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.

As an experienced bankruptcy attorney in Southbury, at the Law Offices of Jennifer LaRese, LLC, I am committed to helping my clients resolve their debt problems and enjoy a brighter financial future.

Rebuilding Credit After Bankruptcy

It is possible to rebuild your credit score after a bankruptcy. A few strategic steps you can take include:

  • Create a budget to keep your finances on track.
  • Begin saving money. Even a small savings account can help you handle an unexpected expense without having to turn to a payday loan or run a balance on a credit card.
  • Obtain a secured loan and diligently make on-time payments.
  • Check your credit reports regularly to make sure there are no errors.
  • Ask that your payments be reported to the credit bureaus.

In time, credit companies will see you are a responsible borrower and will offer you further credit opportunities. By responsibly 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. You must be proactive in finding debt relief solutions. The most effective debt relief tool for you may be filing for bankruptcy.

Get Started On The Road To Debt Relief

I am here to help you put your debt problems behind you for good so that you can look ahead to better financial times. To arrange your free initial consultation, please contact my law office online or by telephone at 203-583-8668.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

Do not face your debt problems alone.

Contact us today for help.

National Association of Consumer Bankruptcy Attorneys
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Office Location

Law Offices of Jennifer LaRese, LLC
33 Bullet Hill Rd. Suite 301
Southbury, CT 06488

Phone: 203-583-8668
Fax: +1-203-828-6330
Southbury Law Office Map

Rated by Super Lawyers Jennifer LaRese selected in 2019 Thomson Reuters
Office Location

Law Offices of Jennifer LaRese, LLC
33 Bullet Hill Rd. Suite 301
Southbury, CT 06488

Phone: 203-583-8668
Fax: +1-203-828-6330
Southbury Law Office Map

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