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  • Tips to Repair Credit after Bankruptcy Filing

    If you are fighting with debt and have a good and experienced lawyer then by now you must have known that filing bankruptcy is the best option at present. But you are also required to understand that filing for bankruptcy is merely a first step towards your desired financial recovery as you would have to continue being strict with finances as well as credit even after being discharged from bankruptcy. Though bankruptcy can remain on the credit of a borrower for up to 10 years, you can follow these tips to repair your credit for the sake of your future financial wellbeing.

    • Get at least 1 secured credit cards: Secured credit cards are available against a deposit or collateral. With the help of these cards you have the opportunity to pay off the entire balance and that too on time on a monthly basis, thereby contributing to your credit rating. However, it is also important to ensure that you remain capable to pay off the entire balance on monthly basis because carrying balance on such card might continue to hurt your credit score. Thus, the use of such card is recommended for small purchases only.

    • Choosing Secured Cards Carefully: Picking a secured card with the largest possible deposit that you can afford is quite predictable, but at the same time it is also important to know that how much you are charged as the fees becuase under such circumstances the money you would be spending should work for you and not for the credit company.

    • Reviewing Credit Report after Regular Intervals: Ensuring that any debt that is supposed to be deleted after being discharged from the bankruptcy is important for the sake of proper credit score. Reviewing credit score after every 6 months is thus considered to be ideal. In case, if you find that have not been discharged from your debt it means you might be a victim of identity theft. Such kind discrepancies must be informed to the credit bureau immediately in written communications through letter or e-mail along with clearly mentioning your name, social security number, birthdate, year and the concerned account information suffering from any disputes.

  • ANDREW McKENNA’s CREDENTIALS

    20 Years of Experience
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    Only represents consumers
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    North Metro Denver Office – 11154 Huron
    St. Northglenn, CO 80234

    South Metro Denver Office – 3801
    E. Florida, Suite 400, Denver, CO 80222

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