Los Angeles Credit Restoration Attorney

Credit Restoration and Life After Bankruptcy

One of the most common myths regarding bankruptcy is that you will be financially destitute and have a poor credit rating for the rest of your life. Nothing could be further from the truth. The fact of the matter is, with careful planning, and a strict budget, you can greatly improve your credit rating within months, and being recov ering from your bankruptcy with a fresh start. For more information on credit restoration, contact a Los Angeles bankruptcy lawyer from our firm today.

After bankruptcy, it is true that your credit rating will be detrimentally affected. However, with a few basic steps you can greatly improve your score:

• Make a budget and stick to it. If you filed a Chapter 13 bankruptcy, it is of utmost importance that you meet your monthly repayment schedule on time every month. This is the most important thing you can do. Set aside some amount of your pay to savings each month for emergencies.
• Pay all of your bills on time. Not only is paying bills late bad for your credit, but you will accrue late fees and penalties, which will only get you back into the situation you just resolved through bankruptcy.
• Open up a secured credit card. After about six months of saving, opening up a secured credit card with a small credit limit, and paying it off in full every month, will help your credit rating. Paying your bill off in full will ensure that you avoid the interest charges that come along with carrying a debt month after month.
• Check your credit report for any discrepancies or misinformation. By law, you have the right to manage your credit report, and if there is anything on there that you believe to be false, the credit bureaus have to remove it, if they cannot prove its legitimacy. This is essential in maintaining an accurate credit report.

Credit Restoration Attorney Serving Los Angeles

These are simple tasks that will improve your credit rating and help you stay on top of your finances. With a little hard work, and debt counseling from your attorney, you will be back in good financial standing within a reasonable period of time.

Matthew Law Firm has over 22 years of experience in bankruptcy law. We understand how frustrating it can be to feel that your credit is damaged, but we will help you through the process of restoring it, and assist you to move forward with a fresh start, free of debt and moving back quickly to a good credit standing.

Contact a Los Angeles credit restoration attorney from our firm today to discuss your options for repairing and restoring your credit.