Southern California Lawyers Helping You Rebuild Credit After Bankruptcy
Contrary to popular belief, it is possible to rebuild your credit after bankruptcy. While life after bankruptcy is not always easy, it can provide you with many opportunities to create a solid foundation for a strong financial future. At the Southern California law offices of the Debt Relief Legal Clinic, we have helped numerous bankruptcy clients take positive steps toward rebuilding their credit. Reach out to one of our experienced, dedicated San Diego credit repair and bankruptcy lawyers today.
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There are many bankruptcy myths that exist. The most important myth that relates to credit after bankruptcy is that many people believe they will be unable to get credit for 10 years once their bankruptcies are finalized. This is completely untrue. While your bankruptcy will remain on your report for 10 years, you will not be kept from obtaining any credit. There are two reasons for this:
- You will have a lower debt-to-income ratio. Creditors will see that you do not owe large debts any longer. As they are always seeking new business, they will likely immediately begin sending you credit offer notices. If you are smart about the offer or offers you accept, and make your payments on time, you will slowly and steadily repair your credit.
- Creditors will see you as knowledgeable debtors. Banks and other creditors see bankruptcy filers as “minimum payment acclimated,” which means they know you understand the concept of making minimum payments and dealing with credit balances.
Once your Chapter 7 or Chapter 13 bankruptcy is finalized, you will be able to begin taking immediate steps to rebuild your credit. Bankruptcy truly is a fresh start. Speak to us to learn how to use your fresh start wisely.
Contact Us to Begin Repairing Your Credit
When you need help understanding how credit repair works post-bankruptcy, call one of our bankruptcy attorneys today at 1-877-663-3287 or contact us online. With offices in San Diego, Vista and Bonita, we serve clients throughout Southern California.