Repairing Your Credit After Bankruptcy
Chicago Bankruptcy Lawyer
Following a bankruptcy filing you are likely concerned about your credit. Most individuals feel their credit is ruined and they have little chance of ever being able to qualify for any type of loan in the future. At Law Offices of David Freydin, experienced Chicago bankruptcy attorneys, we have helped numerous Chicago clients restore their credit following a bankruptcy.
We have many effective methods of rebuilding and restoring your credit to help you rebuild your financial future. There are numerous steps that can be taken to begin to improve your credit picture. Obtaining your credit report would be the first step to take. It is important to ensure that all of the debt that was discharged in your bankruptcy be reflected as such in the report. It is likely there are errors in your credit report in this regard that will need to be fixed. Other errors and inaccuracies should also be removed.
To begin to rebuild your credit, we recommend obtaining a debit card or a secured credit card. A secured credit card is simply a regular credit card that is guaranteed or "secured" by a bank account. Using it sparingly and paying it off completely each month will begin to rebuild your credit. You can also attempt to obtain a small bank loan that you can make monthly payments on, ensuring you are always on time. This will also begin to establish a good payment record. If you are married and your spouse did not file for bankruptcy and has good credit, you can share your spouse’s good credit. The purchase of a home or a car and making timely payments will also build your credit back up.
Contact Our Chicago Bankruptcy Attorney to Find Out How We Can Help
There are many ways to improve your future financial outlook, but it can be complicated. To obtain the best results in improving your credit worthiness, we highly recommend you contact our office and let our professional staff provide you with their expertise in handling this matter. Our highly trained staff will take the time to review every item on your report and determine what action we can take to improve your credit and score. We urge you contact our office to discuss this next step for your improved financial future.
Contact a Chicago bankruptcy lawyer at
Law Offices of David Freydin for qualified credit repair information in Chicago.