Jump to Navigation

Rebuild Your Credit

Credit Repair After Bankruptcy

Now that you have obtained financial relief through a bankruptcy, the last thing you want to do is put yourself in another bad debt situation. The key to rebuilding credit is knowledge, persistence and financial restraint.

Believe it or not, even though you have just discharged credit card debts and other obligations through a bankruptcy, you will probably be contacted by a number of credit card companies seeking to offer you a new credit card. This may sound crazy, but it's true.

Proceed with Caution

At our firm, we always advise clients to proceed with caution. Getting a new credit card can be dangerous for anyone who has a history of compulsive spending or debt challenges.

However, the conservative use of credit cards can help people rebuild their credit after they have discharged debts through a bankruptcy. Creating a realistic budget and other debt management strategies can be helpful when making the decision to seek or avoid a new credit card.

We advise our clients to be careful and methodical in rebuilding their credit. Future credit is based on the steps you take after your bankruptcy is completed. Creditors will examine those efforts while trying to determine the credit worthiness of individuals. Regular savings and the accumulation of assets help re-establish your credit.

Contact a Lawyer

If you are thinking about filing for bankruptcy and want an attorney who will provide candid and helpful advice, contact the Law Offices of David R. Gunnin at 800-300-4648, or contact us by e-mail. Helping clients every step of the way is our priority.