Rebuilding Your Credit

After you receive your final discharge, you will be starting over with a clean slate. One of the first things you should get to work on is rebuilding your credit. This will be a journey for you, just as it was when you were first out on your own, and it is important that you know what to expect as you move forward.

At the law firm of Buddy D. Ford, P.A., we take no greater joy in our jobs than when one of our clients receives their final discharge and can truly enjoy real freedom from oppressive debt. Once your bankruptcy is finalized, we remain available to advise and assist you with the process of rebuilding your credit.

Rebuilding Your Credit After Bankruptcy

Be sure to closely monitor your credit reports during this time as well. Make sure that all of the debts that were discharged in your bankruptcy are no longer on your credit report. If you find an old debt, one of our Florida Chapter 13 lawyers can advise you on how to have it removed.

After two years, you should have access to traditional lending and credit. In the interim, you will likely be able to get other kinds of credit. Some may come with higher interest rates or the requirement of a down payment. Do not automatically dismiss these offers. They can be the best opportunities you have to initially start rebuilding your credit.

Finally, be mindful of the amount of credit you take on. Credit can lead to debt. It is important to respect your limits and to avoid overextending yourself.

Call For A Consultation

Contact our office today to learn more about our bankruptcy services and how we can help you. We are available during regular business hours and by appointment evenings and weekends. You can reach us by phone at 813-302-1258, toll free at 866-596-9247 or via email.