You Have Options
At Bishop & Associates, L.L.C., we realize that there are many myths about bankruptcy. One of the most prevalent myths, which has been perpetuated by the credit industry, is that it will take years and years to rebuild your credit following bankruptcy. The truth is, you may actually be able to qualify for credit relatively soon after filing for bankruptcy. Why? Because you now carry less debt and you are less likely to run short of money for monthly payments, which makes you highly attractive to some creditors.
Our Fort Collins, Colorado, law firm is committed to helping you get back on your feet after bankruptcy. Not only will we guide you through the bankruptcy process, we will also counsel you on steps you can take to rebuild credit quickly after bankruptcy.
Steps You Can Take to Rebuild Your Credit
There are quite a few things you can do to start rebuilding credit after bankruptcy, including:
- Applying for a secured loan or credit card and making your payments on time
- Making sure that your credit report is accurate and that all unsecured debt has been property treated
- Making reaffirmed debt payments on time
- Staying in your current home to establish a sense of permanency
Following your bankruptcy, you will start receiving credit card and loan offers in the mail. It is important to read these offers carefully and to use restraint when accepting any of these offers. Initially, you may find that the interest rate is quite high; however, you will find that there are good loan offers available to you within a few years of going through the bankruptcy process.
Contact a Fort Collins Credit Repair Attorney
For answers to your bankruptcy questions, call the lawyers of Bishop & Associates, L.L.C., at 970-672-1038 or 866-599-1897. You may also contact us online. Because we understand that you are facing a challenging financial situation, we offer a free initial consultation to our prospective clients.
