A Compassionate,
 Full Service Law Firm

Boosting your credit score post-bankruptcy 

On Behalf of | Nov 27, 2023 | Bankruptcy And Debt Relief

Millions of people in the U.S. are currently struggling to make ends meet. For some, there is just no feasible way of paying back the debts they owe. In such instances, bankruptcy may be the best option. 

Bankruptcy allows individuals to write off some debts or at least restructure them. Nonetheless, bankruptcy isn’t an easy option and there are some repercussions. 

A filer’s credit rating will be negatively impacted by bankruptcy. Fortunately, this can be rebuilt. Outlined below are some important steps to take when rebuilding your credit post-bankruptcy

Start as you mean to go on

A lot of people don’t realize just how easy it is to check their credit score and stay on top of it. All of the major credit bureaus, such as Experian and Equifax, offer detailed credit reports. They also tend to provide tips on how you might improve your score. 

Credit reports can vary, so it may benefit you to view reports from at least 2 or 3 credible sources. By doing this at least once per month, you can watch your credit score improve and identify potential areas of improvement. 

The simple things count the most 

Rebuilding your credit rating can feel like a daunting task, and you may not know where to begin. The truth is that it’s relatively straightforward. The main thing you need to do is pay your key bills on time.  

By simply paying your utility bills, cell phone bills, credit card balances and other daily expenses on time, your credit will soon start to improve post-bankruptcy.   

If you’re feeling overwhelmed by debt and not sure what steps to take, seeking legal guidance can be of great benefit.