Beware! Once your bankruptcy has been completed you will likely receive numerous offers to open credit accounts. Don’t fall into the credit quicksand. It is very easy to get in over your head again.
- Once your bankruptcy is completed, open up a new credit card account as soon as possible. Be sure to keep it current. This will help you start to reestablish your credit.
- Pay your bills on time. This will help prevent creditors from adding new negative information to your credit report.
- Pay more than the minimum amount owed. Because interest typically is running on your remaining balance, the more you pay above the minimum amount, the faster you will pay off the bill.
- Do not keep more than two credit cards open. Too many open credit card accounts (even if they do not have any balances on them) can negatively affect your credit report.
- Do not move around too often and stay at the same job. Stability is important in repairing your credit. Creditors view you as more creditworthy after you have remained in the same place and the same job for a longer period of time.
- Dispute incorrect or inaccurate information on your credit reports. By law, creditors and the credit bureaus are required to report accurate information. You have the right to dispute any incorrect or inaccurate information listed in your credit report. Creditors are required to back up every negative claim with documentation. If a creditor cannot support a negative claim with documentation, the credit bureaus are required to remove the claim from your credit report.
Contact us now: 1-877-490-3333
Remember, you should choose an experienced and aggressive law firm to help you become debt free. Call the Allstate Law Center today. Toll Free 1-877-490-3333 for a free debt evaluation by phone or come in to our offices.