' 5 Ways to Get Your Credit Back in Your Life After Filing Bankruptcy - Law Offices of Robert M. Geller, P.A.
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

5 Ways to Get Your Credit Back in Your Life After Filing Bankruptcy

life after bankruptcy

Credit is a big part of life after filing bankruptcy. Here’s what you need to know.

Bankruptcy is a big step to take when you’re facing financial difficulties. It brings positive change, but it also takes work to build back your financial foundation after you’ve filed. Luckily, there are several things you can do to improve your situation.

There are many ways to get your credit back on track after a bankruptcy. Here are five of the most effective methods:

1. Start by getting a secured credit card and using it responsibly. This helps rebuild your credit score over time.

Secured cards allow you to “prove yourself” financially when most credit card companies are unwilling to work with you and extend you credit. It’s one of the best ways to re-establish credit and prove to lenders that your spending habits have changed after bankruptcy.

You can learn more about the pros and cons of secured credit cards here.

2. Make sure you keep updated on your credit report and score so that you can identify any activity that may be causing your score to drop.

Mistakes happen. When those mistakes are on your credit report after bankruptcy they can do a lot of damage. It’s hard enough rebuilding your credit. The last thing you need is a mark on your credit that doesn’t belong there.

3. Make sure you get life insurance and health insurance after filing bankruptcy so that the life event doesn’t cause any issues for your future financial life.

This is something not a lot of people think about when filing for bankruptcy. However, you want to do everything you can to prevent problems in the future. Building in protections “just in case” is an essential part of protecting your creditworthiness.

4. Look into joining a credit union or getting an auto loan with someone you trust to rebuild credit in a positive way.

These institutions tend to be more forgiving and offer more personalized services.

5. Finally, try to avoid bankruptcy in the future.

Try and take proactive measures that will help prevent life events from causing you to file again by keeping a strong savings account or building up an emergency fund for life’s surprises.

This is often easier said than done, of course. Most people don’t make financial decisions hoping that it results in bankruptcy. The exact opposite is true. Many people even avoid bankruptcy when it would be the best option for them.

The important thing is to do what you can to mitigate your risk. Anticipate financial challenges in life and create a plan to help you cope with them. If you can avoid turning to credit cards in emergencies, you stand a better chance of avoiding bankruptcy and maintaining good credit.

Need Help with Rebuilding Credit and Life After Bankruptcy?

Life after filing bankruptcy doesn’t have to be scary if you are aware of some ways your credit score can improve over time.

If you’d like to know more about what you can do to improve your credit after bankruptcy or you are ready to speak to someone about filing, contact the Law Offices of Robert M. Geller at 813-254-5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can Bankruptcy Help You Escape Overwhelming Medical Bills?

If you're drowning in medical debt, you're not alone. Medical bills are one of the top reasons people consider filing...
Read More

Bankruptcy Secrets Big Credit Card Companies Don’t Want You to Know

Dealing with credit card debt can feel overwhelming. Many struggle with high interest rates, minimum payments, and growing balances. When...
Read More

Life After Bankruptcy In Florida: A Guide to Moving Forward

Filing for bankruptcy is not the end. There is life after bankruptcy in Florida. Bankruptcy is a step toward a...
Read More

Your Fresh Start Begins Here: How Bankruptcy Wipes The Slate Clean

If you're drowning in debt, you're not alone. Millions of people face overwhelming financial stress every year. For many, bankruptcy...
Read More

The Hidden Cost of Ignoring Debt: Why Bankruptcy Could Save More Than Your Wallet

Debt can sneak up on you. One late payment turns into several. A missed credit card bill becomes a growing...
Read More

Is Filing for Bankruptcy a Sign of Failure?

Many people think bankruptcy means failure. That’s not true. Bankruptcy is a legal tool. It helps people regain control when...
Read More

Questions to Ask During Your Bankruptcy Consultation

Filing for bankruptcy is a big decision. It can wipe out debt and give you a fresh start. But you...
Read More

What Is Small Business Bankruptcy, and Do You Qualify?

Running a small business in Florida comes with financial risks. When debt becomes unmanageable, bankruptcy may be an option to...
Read More

Top 10 Bankruptcy Myths You Shouldn’t Believe

Filing for bankruptcy can feel overwhelming, especially with all the misinformation. Many people hesitate to explore their options because of...
Read More

Filing for Bankruptcy as a Sole Proprietor: What You Should Know

Running a business as a sole proprietor can be rewarding but comes with financial risks. If your company is struggling...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.536.4468

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 328-6667
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 274-9155

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 492-2663

Map And Directions