LaPlace Credit Restoration Lawyer
Restore Your Credit After Bankruptcy
There is a common
bankruptcy myth that states that your credit will be ruined for 10 years once you have
bankruptcy process. While your credit will be impacted, it will not be ruined, and any effects
are unlikely to last for 10 years. There are steps you can take that may
repair your credit much sooner than that, and possibly enable you to secure
credit or loans soon after the bankruptcy process. Some of these steps include:
- Devising a tight budget and enforcing it - By sticking to a budget, you
can greatly reduce the risk of accumulating unmanageable debt
- Use automatic payment plans for your bills - Timely, consistent bill payments
can significantly improve your credit score over time
- Obtain new credit in moderation - Once able, you should obtain credit or
a loan, but do so in moderation. If you do not seek to borrow money for
a period of years, your financial health may benefit, but your credit
rating will not improve. By using limited credit responsibly, your score
will likely go up.
- Do not reach the spending limit of your credit cards - Your credit score
is determined, in part, by the ratio of your outstanding credit to your
available credit. If you have no available credit, your score may suffer
If you are seeking to restore your credit after
bankruptcy, consult with a
LaPlace bankruptcy lawyer who can provide you with knowledgeable support.
Credit Restoration Attorney Serving Laplace and Metairie
Another effective way to restore your credit is to request corrections
of any errors that may exist on your credit report. Such errors can lower
your overall score, especially if those errors include the listing of
debts which have already been discharged in your bankruptcy. At Bacchus
Law Group, LLC, we have helped countless individuals regain financial
health through the bankruptcy process and credit restoration techniques.
If your credit report contains harmful errors, our attorneys can take
action on your behalf to eliminate them.
If you have filed for bankruptcy,
contact a LaPlace credit restoration attorney for help in restoring your credit rating. Our bankruptcy lawyer represents
clients in Mandeville, Covington, and St. Tammany Parish.