Have you been told that bankruptcy will permanently destroy your credit and interfere with your ability to buy a home, take out a loan, or obtain a credit card? These are just a few of the many bankruptcy myths that our Arlington law firm hears on a daily basis.
Don't worry: With informed guidance from our experienced lawyer, you truly can achieve a financially successful life after filing for bankruptcy.
No matter what you've heard about the detrimental effects of bankruptcy on credit reports, you should know that you can achieve a score within just months of filing. The first step is to obtain a copy of your credit report. You are allowed one free credit report from each of the three major bureaus every year. Get all three, and examine each to ensure that it is free of error. It is important that you dispute any errors you find. Your lawyer can help you do this.
After this, begin building new credit with the help of your bankruptcy attorney. Some ways to do this is are to obtain a secured credit card, open new checking and savings accounts at a bank or credit union, and / or get a gas card or retail card. In addition, it is crucial that you consistently pay our bills on time, as 35% of your credit score consists of your bill payment history. Work closely with your lawyer to take steps in the direction of financial freedom.
Our firm is intentional about helping clients regain full financial freedom in the wake of a bankruptcy. Attorney Marilyn Garner is a community activist with more than 30 years of experience in the legal industry. She is passionate about helping people achieve economic independence and security by offering compassionate, educated legal counsel.