To survive in today's economy, you have to have good credit. Whether you want to buy a home, a new car or send your children to college, good credit is essential. Many people are afraid to file for bankruptcy because of what it might to do their credit, but an experienced lawyer can work with you and help you take the steps to rebuild your credit.
For more than twenty years, I have been helping people all over New York and New Jersey rebuild their credit after filing for bankruptcy. From my office in Melville, I can help you find solutions that work for you.
Honest Debt Solutions
Bankruptcy will give you a fresh start, so it is important to do everything right after you file. The most important thing you can do to rebuild your credit after bankruptcy is continue to make your monthly payments on time.
And when you pay your bills, pay the entire balance, not just the minimum amount due. From utility bills to credit card and car payments, if you get behind again, you will put yourself in an even bigger hole.
Proper planning today can make a big difference in the long run. Choose your expenses carefully, and make sure you do not take on bills beyond your means. I may be able to help you obtain a low balance credit card to help you take care of necessities. After a year of smart spending habits, you will start to re-establish credit.
Beware of Credit Repair Companies
We understand that you want to make things better and avoid future debts. That is why we tell clients to be careful of credit repair companies. Charging large upfront fees, they say they can remove negative information from a credit report in a month or less. That is just not how the law works. Although many Credit Repair Companies are perfectly legitimate and do an ethical job, remember that it will take at least seven to ten years to have your credit report totally "clean" again. The best way to rebuild your credit is through smart spending habits.
Contact
You can rebuild your credit after bankruptcy, but it takes time and it takes smart planning. There are no quick fixes. From my offices in Melville, I can help you plan for a secure financial future. Contact us today at for a free initial consultation.
