How Do I Improve My Credit After Filing Bankruptcy?
Misinformation: Filing bankruptcy will ruin my credit score forever.
The truth: A bankruptcy will stay on your credit report for seven to ten years. However, your credit will start to improve within several months if you pay your other bills on a timely basis. Car payments, student loans, mortgages, etc. can help your credit score rise.
At The Day Law Office in Spring Hill, Florida, our lawyers offer a free initial consultation to discuss the filing of a bankruptcy.
How Long Does It Take for My Credit to Improve After Bankruptcy?
When you file bankruptcy, your credit will probably be at an all time low. However, it will start to improve after a few months as long as you are able to pay your bills. This is what our client tell us:
- About six months, they were able to finance a car
- About two years, they were able to qualify for a FHA home mortgage
After you file Chapter 7 bankruptcy it will be a challenge for you to stay away from the credit card applications that will be mailed to you.
As a part of the new bankruptcy laws, all debtors need to complete a debtor education course after filing bankruptcy. We recommend Total Money MakeOver, an on-line class prepared by David Ramsey. Our clients have had great things to say about the course and have really armed themselves with great tools for the future.
Free Attorney Consultation
To schedule a free initial consultation with an attorney about bankruptcy and your credit, call us toll free at 888-326-9553 or fill out the contact form on this web site. Our law office is located in Spring Hill, Florida, in the center of Hernando County.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
