Easy Ways to Rebuild Your Credit Score after Bankruptcy

Although bankruptcy can have a negative effect on a person’s credit score, for many people, it is the best way to escape from unmanageable levels of debt and get a fresh financial start. Credit scores are very important and can make a huge difference in the eyes of your creditors if you apply for a mortgage or other loan. And while your credit score may suffer for a few years after filing for bankruptcy, there are ways you can rebuild your credit score so that it is where it was before you filed for bankruptcy, or possibly even higher.

If you or someone you know is suffering financially and thinking about filing for bankruptcy, make sure you consult with a professional. Contact a Boston Chapter 7 bankruptcy lawyer of Joshua Spirn & Associates today at 800-975-5346 and schedule an initial consultation to discuss your legal options.

How to Rebuild Your Credit Score

You can rebuild your credit score and your reputation with lenders by following these tips:

1. You shouldn’t automatically close old credit card accounts. You need credit history to rebuild your credit score so keep these open and slowly work to pay them off in full.
2. Create a budget and stick to it.
3. Be sure to make your credit card payments on time, but try to keep small balances on your card(s) to build your credit.

If you are struggling financially, you need a qualified Boston bankruptcy attorney to help you get out of debt and move on with your life.

Contact Us

Contact the Boston Chapter 13 bankruptcy lawyers of Joshua Spirn & Associates today at 800-975-5346 and learn more about how filing for bankruptcy may be able to help you.