You Can Restore Credit After Filing Bankruptcy
If you are considering bankruptcy or have filed personal bankruptcy to get a fresh financial start, you may believe that your credit record is permanently ruined. Contrary to popular myth, there is life after bankruptcy. You can re-establish your credit, often within 24 months of a bankruptcy filing.
At the Debt Relief Law Offices Of Tampa Bay, LLC, we have helped hundreds of individuals gain control of their finances by filing bankruptcy. Attorney Ziona Kopelovich is certified in consumer bankruptcy law by the American Board of Certification. She understands all aspects of bankruptcy, including how it may affect your credit rating. Contact our office online or call us at 727-359-0126 or at our Lakeland office at 877-318-7708 for an appointment with an experienced lawyer. Your consultation is free.
Tips for Improving Your Credit
In accordance with the Fair Credit Reporting Act, a bankruptcy can remain on your record for a maximum of 10 years. Even before it is cleared from your record, however, you may find that your credit rating improves. Creditors look at your debt-to-income ratio when they make decisions about offering credit. After you successfully complete bankruptcy, your debt-to-income ratio will be better than it was previously.
There are a number of steps you can take to improve your credit after bankruptcy, including:
- Watch your spending. Do not let your debt-to-income ratio get out of control.
- Pay your monthly bills and make loan payments on time.
- Check your credit report three months after your bankruptcy is complete to make sure all discharged debt has been removed. If there are errors, work with the credit reporting agencies to have them corrected.
- It is a good idea to obtain a copy of your discharge to have proof that all dischargeable debts have been cleared. You can get a copy of your discharge from the clerk's office of the Bankruptcy Court of the Middle District of Florida.
Contact Us in New Port Richey and Lakeland
If you are considering bankruptcy, contact us by e-mail or call our office at 727-359-0126 or at our Lakeland office at 877-318-7708. Your first appointment is free of charge. We will also set up a payment plan, if necessary. We have offices in New Port Richey and Lakeland.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
