Is There Credit After Bankruptcy?

By admin • February 21st, 2011

The simple answer is yes. More importantly, your financial health after bankruptcy can be better than ever! If you have been shying away from bankruptcy, thinking that it would permanently destroy your credit, think again. Making late payments and missing payments will adversely affect your credit rating, pulling you into a downward spiral. All that does is extend the pain and suffering. By eliminating your toxic debt through bankruptcy, you are able to immediately begin a process of reestablishing and improving your credit. Some of our clients have seen their FICO score rise well above 700 in only two years. Since you won’t be able to have your debt discharged again for at least 8 years, you become a very good credit risk and will begin receiving credit card offers only days after your discharge.

Doan Law Firm understands your concerns and your need to get back on track rebuilding your financial health.  Our team can help you get there.

Declaring bankruptcy is often the first step and best way to begin rebuilding your credit score and improving your financial health. Your lowest score will be the day you decide to file. Your financial rehabilitation program begins the moment you file with the U.S. Bankruptcy Court.

 

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