Can I Rebuild My Credit?
“Can I rebuild my credit after bankruptcy?” This is likely one of the biggest concerns you may have about filing bankruptcy. The answer is yes, and it may not be as daunting as you think. At Robert L. Caplan, Attorney at Law, we will help you understand how bankruptcy will affect your finances during and after it has concluded.
Dispelling Myths And Helping You Thrive Financially After Filing Bankruptcy
People often come to our firm believing that if they file bankruptcy, they will never be able to get credit again. This is simply untrue. While your bankruptcy will stay on your credit history for 7 to 10 years depending on the chapter you file, bankruptcy will actually help you build your credit.
How so? When you are at the point of considering bankruptcy, chances are you have not been able to make payments on many of your bills for a substantial amount of time. That means your credit score has likely dropped. Filing for bankruptcy can help you get a fresh start, allowing you to rebuild your credit and get your finances back on track.
While it may take some time before you are able to purchase a home or other valuable property, your credit will gradually improve as you distance yourself from bankruptcy.
In fact, it is common for individuals to be offered credit at high interests right away after their bankruptcies has concluded. As long as you make payments in a timely fashion, you can rebuild your credit and move on with your life.
To ensure your creditors have accurately reported your bankruptcy according to your debt, we recommend you obtain a copy of your credit report six months after your bankruptcy. Contact our firm for more help with your bankruptcy.
Contact Our Columbus Attorney Today
We invite you to contact Robert L. Caplan, Attorney at Law, at 614-252-2026 to schedule a free, initial consultation regarding your bankruptcy needs. Our law office is open weekdays between 9 a.m. and 5 p.m., evening and weekend appointments by request. We accept all major credit cards. Payment plans are also available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.