Restoration of Credit
How to Restore Your Credit
During the bankruptcy process, you will be required to take both a credit counseling and financial management class to help you become more adept at managing your money. You will also be given tips and advice on how to restore your credit.
There are many ways to begin improving your credit score after a bankruptcy. The first action to take is to review your credit report and ensure the information on it is correct. Make any corrections that are needed and continuing monitoring your report in case any errors show up in the future. After your debts have been discharged, it will vital that you pay any remaining financial obligations on time. You can also acquire a pre-paid secured credit card that will help you rebuild your credit history.
One of the biggest disadvantages to filing bankruptcy is that it remains on your credit report for approximately 10 years. An experienced New York bankruptcy attorney should be consulted to find out if this is your best option, or if there are other debt solutions that you can take advantage of such as debt consolidation, loan modifications and debt negotiation.
New York Credit Restoration Attorney
A capable lawyer from Price Law Group can review your financial problems and provide any debt counseling and assistance that is needed to resolve your situation. We will also help you with credit restoration if you chose to file for bankruptcy. Reasons to consider bankruptcy include:
- Not being able to pay your bills
- Repeated calls from debt collectors
- Facing possible home foreclosure or vehicle repossession
- Creditor lawsuits
- Your wages are being garnished
Our firm is committed to helping you get on top of your finances and back in control of your life. Call us today to get your questions answered regarding bankruptcy and ways to address your financial problems.
Contact a New York Credit Restoration Lawyer
if you are considering bankruptcy and want to know how this legal option will affect your credit.
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