How to Repair Bad Credit in Indiana
Indianapolis Credit Defense Lawyer
If you recently filed bankruptcy, it is possible to gain sound financial footing and rebuild your credit score; however, it will take time. Fortunately, with careful planning, sacrifice, and solid organization, you can have it restored relatively quickly.
Credit repair is an exercise in patience and money management. Indianapolis bankruptcy attorneys at our firm can discuss a personal strategy for your own bankruptcy and credit restoration. Whether you will file Chapter 7 bankruptcy or Chapter 13 bankruptcy, this is an issue that will impact your financial future.
Indianapolis Bankruptcy Attorneys Help Debtors Restore Credit
While Jackson & Oglesby Law LLC is not a credit repair company; we are a law firm that helps individuals throughout the Indianapolis metro area obtain debt relief. Through bankruptcy, your debt and credit issues can be solved overtime. Our legal team has compassion for people who have poor credit due to their financial state and the legal ability to help improve their situations. For that reason, we offer counsel and guidance to help them repair their credit as fast as possible after filing for bankruptcy.
Your credit score will typically increase within one year of the bankruptcy. This is usually due to the elimination of unsecured debt and the cessation of lawsuits and garnishments. Essentially, your financial decisions can influence the speed of credit repair.
For example, you will likely receive credit card offers immediately after bankruptcy. As a general rule, you should avoid maxing out your credit cards. Instead, strive to obtain not more than a 40 percent balance on each card and pay off the balance on time every month. Pay all of your bills in a timely manner, including those for credit cards, utilities, cable, medical expenses, car loans, and mortgages.
Jackson & Oglesby Law LLC Can Help!
After six months, you should pull your credit report to ensure that all pre-bankruptcy debt is no longer recorded and that creditors are reporting your timely payments. It is imperative that you remain patient and persistent. As you navigate this waiting period, you can learn more about how to rebuild your credit after bankruptcy by relying on the wisdom of your attorney from our firm.
Contact an Indianapolis bankruptcy lawyer at Jackson & Oglesby Law LLC today!