Though it may seem insurmountable or embarrassing, bankruptcy is a temporary condition in your life that you will overcome. After the process is over, you will need to take steps to improve your financial health, like:
Examine Your Finances
If possible, try to change your financial habits that led to bankruptcy. For example, you may want to save more aggressively, cut down on expenses, or sell assets in order to improve your financial situation. Bankruptcy has given you a chance for a financial fresh start, so make sure you use it.
Check Your Credit Report
One of the first things you should do after receiving a debt discharge in bankruptcy is request a copy of your credit report. Make sure it reflects that all of your debts have been discharged; occasionally, clerical errors result in debts remaining on your credit report, which can damage your score unnecessarily.
Obtain a Secured Credit Card
Immediately after a bankruptcy, you may find that lenders are less willing to give you credit. To start the process of improving your credit score, apply for a secured credit card. This type of credit card uses money you deposit with the bank as your line of credit. As you make purchases, be sure to pay off your balance as soon as possible, as this will improve your credit score dramatically in a short amount of time.
Keep a Positive Attitude
You may feel ashamed or embarrassed that you had to file for bankruptcy, but you shouldn’t hold on to these negative emotions. Instead, think of this as an opportunity for a fresh start, and stay positive and optimistic about the future.
Attorney Andrew Sapinski can help you with all aspects of bankruptcy. After bankruptcy, Sapinski Law Office, S.C. routinely helps clients rebuild their credit score at no additional cost. This is because we care about our clients as individuals and really want to see their life get better after bankruptcy. We truly work to help them through difficult times so they can really improve their quality of life. To learn more and schedule a consultation, dial (262) 782-9400 to reach our office in the Milwaukee and Waukesha areas.
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