How to Rebuild Your Credit After Filing for Bankruptcy
Our attorneys have been handling consumer bankruptcy cases for more than 20 years. Among the thousands of cases we have filed for the people of Pennsylvania and New Jersey, we’ve noticed a universal pattern: the fear of being burdened with permanent bad credit. If you’re stuck with bad credit for the rest of your life, how can you hope to take out a loan, or purchase a car or new home?
Fortunately, the idea that bankruptcy destroys good credit forever is a stubborn myth. In reality, you can rebuild good credit, even if you have a bankruptcy in your past. Many people who have gone through bankruptcy go on to reestablish good credit in the future. However, if you want to help adjust your credit score, there are a few steps that are very important to follow.
Two Key Points You Need to be Mindful of After a Discharge
1. You need to take immediate action to start rebuilding your credit score after a bankruptcy. If you’re timely, proactive, and consistent, you may be able to transform your credit score in as little as 12 to 24 months after your bankruptcy has been discharged.
2. You must continue to use credit. We understand that you may be wary of getting yourself into another bad financial situation, but it’s critical that you resist the temptation to avoid using credit again. While doing so may seem like a smart decision, it always turns out to be financially harmful. As time passes, instead of having poor credit, you will simply end up with no credit. Unfortunately, having no credit is just as bad as having poor credit. If you want to rebuild good credit, you need to learn how to make purchases and repayments using credit responsibly.
Since our bankruptcy clients are understandably concerned about improving their damaged credit, we’ve compared numerous products and organizations to find the best credit education program available. Our conclusion? After thorough testing, we learned that people who have gone through 720CreditScore.com’s credit program (7 Steps to a 720 Credit Score) can transform their credit scores. How long does it take? Many people start to see changes within just 24 months of declaring bankruptcy.
Credit Education Can Help
With these kinds of results, the legal team at Young, Marr & Associates has decided to make the 720 Credit Score program available to every single one of our bankruptcy clients at a special discounted price.
Normally, the credit education program costs $1,000 for enrollment. But we’re offering to enroll every one of our bankruptcy clients into the program for a discounted rate of $0.
If you’re interested in gaining access to this effective credit building program, or if you’d simply like to talk about how a bankruptcy lawyer can help, call Young, Marr & Associates at (609) 755-3115 in New Jersey or (215) 701-6519 in Pennsylvania to schedule your free legal consultation.
If you want to rebuild healthy credit after a bankruptcy, Young, Marr & Associates and www.720CreditScore.com are ready to work with you. If you’re ready to start changing your credit score, we’re ready to help.
☑ Been paying credit card balances that seem to never go down?
☑ Lost your job and are now having trouble keeping up?
☑ Attempted to work out a payment arrangement to no avail?
☑ Been notified of a mortgage foreclosure action?
☑ Been denied for a mortgage or other line of credit?
If the answer to any of these questions is “yes” then bankruptcy may be an option that you should consider.