CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How Do I Re-Establish My Credit After Bankruptcy?

Most people who are contemplating filing for bankruptcy, who are in the process of filing for bankruptcy, or who have already filed for bankruptcy are concerned about how bankruptcy will affect their credit report and their ability to obtain credit in the future. While it is true that the bankruptcy will remain on your credit report for 10 years, there are effective methods that, when used responsibly, can aid in the process of minimizing the effect of the bankruptcy on your credit.

At the Tampa Bay Law Offices of Robert M. Geller, P.A., our attorneys are compassionate professionals who understand the seriousness of filing for bankruptcy and the impact this decision will have on each client’s credit. In addition to providing individualized advice and representation through all phases of the bankruptcy process, our lawyers provide clients with the resources necessary to responsibly, efficiently, and effectively re-establish credit after filing for bankruptcy.

Post-Bankruptcy Tips to Re-Establish Your Credit

  • Review your credit report to ensure debts discharged in bankruptcy are no longer listed and to verify other errors are not listed. It is important to send written notification and a copy of the Bankruptcy Discharge and Schedule of Creditors to the three credit bureaus ( Experian, Equifax, and Transunion). Otherwise, debt obligations from which you have been legally released will incorrectly remain on your credit report.
  • Use credit cards responsibly. Many people are uneasy about using credit cards in the wake of filing for bankruptcy. However, one of the most effective methods to re-establish trust is to demonstrate your ability to use credit responsibly, including through responsible use of either an unsecured credit card or a secured line of credit (which you may be eligible for within one to two years after filing for bankruptcy). It is essential not to max out credit cards and to ensure all statements are paid on time, if not early. Many people find that joining a credit union and remaining an account holder in good standing enables them to become eligible for lines of credit through the credit union sooner than they would otherwise have become eligible through other avenues. Always try to utilize credit options where the creditor reports to the credit bureaus.
  • Pay your bills responsibly. Whether paying monthly utility bills, rent, child support payments, newly acquired credit card bills, school loan payments, or even payments made under your Chapter 13 repayment plan, it is critical to always pay your bills on time, and early if possible. Make certain that checks will not bounce, because that too can be reported to the credit bureaus.

View the following for additional information:

Contact an Experienced Tampa Bankruptcy Lawyer

Attorney Robert M. Geller is a certified specialist in Consumer Bankruptcy Law by the American Board of Certification *. For additional information or to arrange a free initial consultation, contact our Tampa, Florida, law firm. Call us at 813-254-5696 to schedule a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

* Accredited by The Florida Bar to certify lawyers in the specialty area(s) of consumer bankruptcy law.

Video Testimonials

Tampa Bankruptcy Law Blog

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
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 RG Seal

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