Manassas Rebuilding Credit Attorney
Virginia Life After Bankruptcy Lawyer
A credit score is made of many factors and filing for bankruptcy is only one factor affecting your overall credit score. The Manassas, Virginia, law firm of Thomas R. Breeden, P.C., helps bankruptcy clients understand how to rebuild credit after a bankruptcy discharge.
While filing for Chapter 7 bankruptcy will lower a credit score in the short-term, the elimination of debt usually improves a credit score in the long-term. For guidance before bankruptcy and after the discharge of bankruptcy, contact our law firm for an initial consultation.
Rebuilding Your Credit After Chapter 7 Bankruptcy
Bankruptcy is a debt relief option meant to allow debtors with a fresh start. To avoid struggling with debt after bankruptcy, conscious steps must be taken to reduce your risk of debt issues again. As part of the post-bankruptcy plan, focusing on improving your credit score can allow you to get back to normal more quickly.
Credit strategies after a Chapter 7 bankruptcy discharge can rapidly improve your credit score, including:
- Pay bills on time
- Avoid late fees
- Pay credit card bills in full
- Pay bills when they are received (early in the billing cycle)
The decision to file for bankruptcy is always a personal choice based on your unique situation. However, the affect bankruptcy will have on your credit score shouldn’t be the only reason you decide not to file for bankruptcy. Your credit score should see long-term improvements by eliminating overdue debt.
Life After Bankruptcy
Rebuilding your credit is an important step after your bankruptcy discharge. Taking proactive steps to improve your credit score will allow you to move on with your life.
Consumer protection and bankruptcy attorney Thomas R. Breeden understands simple and complex steps that can help you rebuild your credit. As part of his consumer law practice, he counsels clients on ways to be financially responsible to keep credit card debt to a minimum and strategies to keep your finances in check.