Montgomery, AL Attorneys Advise Debtors Regarding Life After Bankruptcy

Alabama Bankruptcy Law Firm Helps Filers Rebuild Their Credit

Even though filing bankruptcy may cause your credit score to take a temporary hit and the filing can stay on your credit report for up to 10 years, there is hope for a bright financial future after bankruptcy. Many people find that by following through with the terms of their bankruptcy, they are able to rebuild their credit almost immediately.

Steps to Rebuilding Your Credit After Bankruptcy

Although a low credit score can seem like an insurmountable problem, a credit report can be improved by following some simple steps:

• As you rebuild credit by paying your bills on time, your credit score will increase, regardless of your bankruptcy history.
• Avoid opening accounts with credit card companies that have a reputation of reporting inaccurate information (or not reporting at all) to credit bureaus.
• A high credit limit will not automatically improve your credit score. Rather, a lower credit limit will help you keep your spending in check and keep credit card bills at a reasonable level.
• If you see errors on your credit report, request that they be fixed.
• As your credit score improves, ask for a lower interest rate from your bank.

Be your own strongest advocate. Banks pay credit bureaus a lot of money to collect information about their customers, so the bureaus’ top priority is to keep the banks happy, not to fix your credit score.

Contact an Experienced Montgomery, AL Bankruptcy Attorney

Are you wondering what your financial life might look like after bankruptcy? Contact the Alabama bankruptcy lawyers with the Bond & Botes Law Offices online or call 1-877-581-3396 to set up your initial consultation with a competent bankruptcy lawyer today.