The Fifth Step Toward Rebuilding Credit: Life After Bankruptcy in Florida
| Obtaining New Credit
Many people worry that they will never be able to obtain a credit card
again after their bankruptcy. Other people are glad to be rid of credit
cards and swear that they will never touch a piece of plastic again. No
matter how you feel, credit cards provide you a valuable way to rebuild
your credit history after bankruptcy. By rebuilding your credit history,
you can qualify for the same low interest rates on home mortgages and
car loans as other people do.
Our credit recovery program is designed to help you learn the tools necessary
to get back into the credit game. Working with 720creditscore.com, we
have come up with a guided system to help lead you to the credit score
you deserve. To get where you want to go, you need to start at the bottom
and work your way up.
You can typically obtain credit if you demonstrate a consistent employment
record and signs of financial rehabilitation. Most people find that if,
after filing bankruptcy, they promptly make the payments they are left
with, such as car payments, house payments, rent or utility payments,
they can re-establish their credit soon after filing bankruptcy.
Another opportunity to rebuild your credit is by obtaining a secured credit
card. In order to obtain a secured credit card, you are required to deposit
a certain amount of money with the bank offering the card. Then you are
able to use the card like a regular credit card up to the amount held
on deposit by the bank. Secured credit cards offer similar credit benefits
as bank loans. In addition, credit unions are an excellent source for
car loans after bankruptcy.
Use of Credit in Tampa After Bankruptcy
Finally, it is very likely that you will receive several unsecured credit
card solicitations immediately upon the discharge or completion of your
bankruptcy. We suggest that you fill out and submit for approval a few
of these applications, but use the credit wisely. If you use a credit
card during any monthly cycle, then make sure that you are in a position
to pay it off in full. Anytime you have a remaining balance which carries
into another month, you are headed in the wrong direction and warning
lights should go off in your head to once again step back and regain control
of your spending.
By using your credit card and paying it off in full on a monthly basis
as we suggest, your credit score will start to improve dramatically. You
will be surprised how little credit you actually need. If you utilize
credit intelligently, you can make the system work to your advantage and
start the process for a healthier financial lifestyle.
Contact Our Tampa Bankruptcy Attorneys for More Information
Speak with us at the Debt Relief Legal Group to discuss your options for
free with an experienced lawyer in Florida. Our fees are extremely reasonable
and easy payment plans are available Call us at (813) 940-5120 to learn
more about how to get your credit back in shape today.