Is it possible to reestablish credit after filing bankruptcy? The answer is yes. You’ve already come to terms with your unmanageable debt and taken control of it by successfully filing for bankruptcy. Now that you have your financial slate wiped clean, it is time to move forward and prepare for an improved financial future.
In fact, many debtors who have completed the bankruptcy process are concerned about what kind of hit their credit and credit score will take. If bankruptcy was the best option for your debt relief, that decision was probably made knowing there would be some work to do to rebuild your credit after receiving the discharge.
You do not have to give up on your dreams of owning a house, renting a better apartment, or buying a car. Instead of allowing bad credit to follow you, reclaim and recover your credit so that your financial and life goals may be a reality.
That reality is this: many of our clients have improved credit after bankruptcy. In order to boost your credit, you have to understand the steps to make this happen, and Phoenix Bankruptcy Attorneys will help. After getting instruction and information and the confidence to rebuild your credit, you have to make it happen. Like everything else in life, if something is a priority, the steps must be taken to successfully rebuild your credit.
Phoenix Bankruptcy Attorneys has partnered with 720 Credit Score, a leading credit recovery company. We also offer a program that is solid education in credit score rehabilitation. Clients who follow this step-by-step format typically see a 720 credit score within 1-2 years of filing for bankruptcy.
What the 720 Credit Score program offers a plan to improve credit:
- Learn about the utilization rate and how it impacts your credit score
- What actions to take to make creditors pay attention to your new, positive credit activity
- What accounts you need to have on your credit report: what type and how many
- New credit cards: how to use them to effectively improve your score.
- Ensure that your pre-bankruptcy filing debts are being reported correctly and removed.
- Instructions to follow and implement to help rebuild credit.
Good Credit is Important
Why is it so important to rebuild your credit? By having good credit, you are able to get reasonable and fair interest rates, which means saving you money. We also understand that credit scores are important, and so are your future financial goals. Also, we believe in helping our clients with their financial life after bankruptcy. Plus, we highly recommend and endorse the credit rehabilitation program we offer through the 720 program.
Additionally, Phoenix Bankruptcy Attorneys law firm can make this program available to you. This credit education program will help any client who may struggle with credit matters, and who wishes to achieve a higher credit score.
The truth is, that many people have a poor credit score, and they don’t even have a bankruptcy on their report! You, on the other hand, have eliminated your debt and dealt with your financial issues. So the stress of any debt burden is gone. Now you just have some work to do to repair and renew your credit and you will be closer to accomplishing your financial goals.