California Credit Repair
There is a common fear that if you file for either Chapter 7 or Chapter 13 bankruptcy, your credit score will be ruined for the rest of your life and you may never get another loan. This is simply not true. The bad news is that a bankruptcy filing will remain on your credit report for 10 years, but even so, you can begin rebuilding your credit rating almost immediately.
I am Kendall Coffman, and I am a lawyer who can help you learn how to improve credit scores following a bankruptcy. If you have questions about how to rebuild your credit after bankruptcy, I am confident in my ability to help. I encourage you to contact my office to schedule a free 45-minute consultation.
Rebuilding Credit Is Possible
There are many ways you can begin to rebuild your credit rating after you have filed for bankruptcy. Some things to remember include:
- Open a checking or savings account to establish a stable financial history.
- Apply for a secured credit card through a bank. Use the card sparingly, and make sure to pay off the balance.
- Open a store charge card or gas card, making sure to make payments regularly.
- Pay your utility bills (phone, electricity, gas, cell phone, etc.) on time.
The most important thing to remember is that you cannot afford to fall into the same financial traps that you fell into before. Do not spend beyond your means. Create and stick to a monthly budget. If you get your debts discharged with a Chapter 7 bankruptcy, you cannot file for another bankruptcy within the next eight years. Be safe with your money.
Your Credit Rating Can Be Repaired
Filing for bankruptcy can be frightening if you feel as if there is no one standing by your side. I am attorney Kendall D. Coffman, and I have provided representation and guidance in bankruptcy filings for more than a decade. Contact my San Mateo office either online or by calling 866-899-8561. I offer a free 45-minute consultation. Contact me to schedule an appointment.