Rebuilding Your Credit

Common Concerns About Restoring Your Credit After Bankruptcy

After the stress of a bankruptcy or other financial upheaval, one of the main concerns many clients have is how to restore their credit. In addition to helping you through the bankruptcy or debt collections process, a Terre Haute credit restoration attorney can also counsel you on ways to restore your credit.

The Importance of Being Patient

The reality is, there is no quick fix to restore damaged credit. It will take time and patience. As your Terre Haute credit restoration lawyer can explain, you will likely need to re-establish your credit more than restore it. Where credit restoration is concerned, slow and steady really does win the race. Here are some things you can do.

Develop a Workable Budget and Stick To It

As your Terre Haute credit restoration lawyer can counsel, this is often the single most important step individuals can take toward restoring their credit. Take a realistic look at your income and necessary expenditures. If you have credit card debt or other loans to pay off, make a plan to pay them off and stick to it. Avoid extravagant expenses on luxury items. Stay within your means to the extent that you can. Your attorney can also help review your finances and work with you on a plan.

Apply for a Credit Card and Pay it Off Every Month

Running up credit card fees and charges is often the thing that gets many people in trouble in the first place. You may qualify for a low limit or prepaid debit card to start with.

Monitor Your Credit Report

Keep a watchful eye on your credit report and review it regularly. Your attorney can walk you through how to request a report and what to look for. Again, debt restoration can be a lengthy process but the rewards are worth it in the end.

The Rowdy G. Williams Law Firm, P.C. can put you in touch with an experienced, compassionate Terre Haute credit restoration attorney that can help you get your finances back on track. Call (812) 232-7400 or (317) 489-0310to set up an appointment for an initial consultation.