Rebuild Your Credit After a Bankruptcy
Work with Atlantis Law
Filing for bankruptcy will help you obtain financial relief and give you
a fresh start. It can eliminate a majority, if not all, of your unsecured
debts, but it will also hurt your credit for a time after you file. A
Chapter 7 bankruptcy will stay on your credit report for 10 years after discharge, and a Chapter
13 bankruptcy will stay on for 7 years; therefore, after your bankruptcy
discharge, it is extremely important to start repairing your credit.
Helping Clients Rebuild Credit with 720CreditScore.com
Atlantis Law is dedicated to helping clients get their finances back in
order as soon as possible. A major concern for many debtors is the impact
bankruptcy has on their credit scores. While rebuilding your credit can
seem daunting, there are actually steps you can take to
transform your credit score within 12 to 24 months of filing for bankruptcy.
To assist clients in rebuilding their credit and to help them achieve the
fresh starts they deserve, the Rancho Cucamonga bankruptcy attorneys at
Atlantis Law have partnered with the best credit education program available.
720CreditScore.com provides a 7-step program to help people rebuild their
credit scores to 720, usually within just 24 months of filing for bankruptcy.
Atlantis Law wants everyone to have the opportunity to achieve these outstanding
results. The firm offers enrollment in 720CreditScore.com's proven
credit education program
free of charge for each valued client.
To learn more about how
720CreditScore.com can help you rebuild your credit score after bankruptcy, call the firm
at (888) 836-2396!
Tips for Boosting Your Credit Score
You went through a long process with yourbankruptcyto get a clean slate.
Take advantage of your newfound freedoms from creditors and lenders and
become financially responsible. After all, you do not want to end up in
the same situation in the future. Here are some helpful tips to start
rebuilding your credit:
Pay your bills on time - Paying your monthly bills on time is a surefire way to rebuild your
credit. Paying bills on time makes up about 35% of your credit score.
Pay on time and your score will start to rise.
Use secured credit cards - Using a secured credit card (one that requires a cash collateral deposit)
is an excellent way to rebuild credit after your bankruptcy. Remember
to use it responsibly, make smaller purchases, keep low balances, and
pay off the card in full each month.
Join a credit union - Credit unions are smaller, member-owned institutions that use more criteria
than traditional banks when giving out credit and loans. Contact your
local credit union for more information about how to apply for an account
or a loan.
Add a loan - A year or two after your bankruptcy is over, apply for a car loan or a
line of credit (try going through a credit union). You need different
types of credit to rebuild, so having a loan will add to the rebuilding
process. Just make sure your monthly payments are affordable, and of course,
pay on time.
Become an authorized user on a credit card - Have someone add you as an authorized user on their card. Their credit
history will then typically be reported on your report. Just make sure
that person makes their payments on time and that you do too so that neither
off your credit scores are adversely affected by the relationship!
Know your credit limits - Once you have credit cards again, know your credit limit and keep the
balances low on each account. Use the cards sparingly, and pay each bill
off in full each month.
Work with a Rancho Cucamonga Bankruptcy Attorney
These are just a sample of the many ways you can start to rebuild your
credit after your bankruptcy. Always remember that the key to rebuilding
your credit is to spend within your means and purchase responsibly. Make
a budget, stick with it, and always pay your bills in time!
Contact Atlantis Law for more credit restoration tips.