CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How We Can Help You Improve Your Credit Score after Bankruptcy

Improve My Credit Score Tampa St Petersburg Florida.Improve My Credit Score

A solid credit score is an important tool that helps you in many ways. Unfortunately, just a few missteps will cost you big when it comes to maintaining a good credit score. Filing for bankruptcy is one of the best ways to repair your credit after making mistakes, but it’s not going to happen automatically. There are several things you need to do after your bankruptcy is complete to improve your credit score.

We can help you with this process.

Importance of Good Credit

First, it’s important to understand why your credit score matters.

Your credit score is the number lenders use to determine if you are a smart risk for them. People with high credit scores are more likely to be approved for loans and receive better lending rates than those with low credit scores.

Even if you do not intend to borrow money now or in the future, having a solid credit score is still important. Most people want to know they can borrow in the event of an emergency, even if they are not actively pursuing a loan. Good credit means you’ll be able to get a good loan rate should you need to buy a vehicle or put medical expenses on a credit card. And if you want to buy a home and cannot afford to pay cash for the entire listing cost, you’ll want to get a low rate on a mortgage loan.

Avoiding credit for your entire life is nearly impossible and it’s probably not something you’d want to do even if you could. That’s why it’s so important to protect your credit score and do all you can to rebuild it if it has taken a hit.

The Balance shares more information about why credit is an important financial tool.

Do You Know Your Credit Score?

Many people do not even know their credit score. They might assume it’s good or bad based on their credit history, but without knowing the number you cannot be sure where you stand.

If you’re considering bankruptcy or you’ve recently filed and you’re ready to move forward and improve your financial situation, pulling your credit report is essential. You’ll be able to review it to make sure there are no mistakes and you can learn your score.

Scores on the lower end – between 300 and 600 – are poor to moderately poor. In this range, you can assume you’ll be denied by lenders or be forced to pay high-interest rates. Average scores range from 600 to 700. This is where most people fall and about what creditors expect to see when they pull someone’s credit. 720 is considered a good score because it means you’re currently utilizing credit, you have some debt, but it’s under control and you’re a smart risk for lenders. The highest possible score you can get is 850, so if your score is 720 or above, chances are you’re in great shape financially.

You can find out what your credit score is a few different ways, including:

  • Signing up with a credit monitoring or credit repair service
  • Requesting it (for a fee) when ordering your free credit report from one of the three major credit reporting bureaus
  • Requesting it (for a fee) from the Fair Isaac Company (FICO)

How Can I Improve My Credit Score?

When you work with us to file bankruptcy, we’ll discuss your credit score and explain what you can do to improve it.

Most people begin to see improvement in their credit score within a year or two after completing bankruptcy. As negative items drop off of your credit report, your score improves. Filing for bankruptcy has a negative influence on your score, but that doesn’t mean it won’t gradually improve. Your score is fluid and the harder you work to repair your credit, even after the bankruptcy, the higher your score will be.

Our 720 Credit Score program teaches you how to rebuild your credit over the course of three months. You’ll learn how a small secure loan from a credit union will positively impact your credit report. We’ll also guide you toward the best credit card offers and show you how to manage your borrowing opportunities to have the greatest positive effect on your score.

When you work with us, you don’t just receive guidance during the bankruptcy process. You’ll receive information that can help you for the rest of your life when it comes to money and credit. For more information or to learn more about our 720 credit repair program, contact the Law Office of Robert M. Geller at 813-254-5696 to schedule a free consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can I File for Bankruptcy Without a Job?

Bankruptcy is often considered a tool used by people without money, without income, and without any financial hope. The truth...
Read More

Should I Use Retirement Savings to Avoid Bankruptcy? A Tampa Bankruptcy Lawyer Can Help You Protect Your Retirement Nest Egg

Withdrawing money from your retirement savings is rarely advised by financial experts, even if you are facing bankruptcy. Working with...
Read More

Can You File for Bankruptcy and Keep Your Home

Foreclosure is something that occurs after a homeowner has missed multiple mortgage payments. Working with a Florida bankruptcy attorney helps...
Read More

Is There Such a Thing as Mortgage Bankruptcy?

Your home is one of your primary concerns when filing for bankruptcy. Can you claim bankruptcy and keep your home?...
Read More

What Do You Need to Know about a Home Auction in Bankruptcy?

Home auctions are a common topic that arises when someone is faced with the prospect of bankruptcy. Bankruptcy protection for...
Read More

Can a Florida Bankruptcy Attorney Help Me Avoid Eviction

Losing one’s home is one of the most common concerns you can have when filing for bankruptcy. A Florida bankruptcy...
Read More

Covid-19 Tax Tips

The COVID-19 pandemic has affected a variety of things including taxes. These COVID tax tips can help you prepare and...
Read More

How Can a Bankruptcy Attorney in Tampa Florida Help Me If I Fall Behind on My Mortgage After Filing for Bankruptcy?

Many people find that filing for bankruptcy provides all of the financial relief they need to get back on track....
Read More

Are Bankruptcy Laws Designed to “Trip” You Up? Here’s How a Bankruptcy Law Firm Can Help You Avoid Trouble

It’s no surprise that people are skeptical of how bankruptcy can help their financial situation. Many have heard stories about...
Read More

What is a Discharge and What Does It Stop?

The primary benefit of bankruptcy is the discharge. Filing for Chapter 7 bankruptcy results in the elimination of your legal...
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

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
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) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions