Bankruptcy Attorney Port St. Lucie FL
Bankruptcy Attorney Port Saint Lucie, FL
As a bankruptcy attorney in Port Saint Lucie and Stuart, I am often asked if it is possible to re-establish credit after filing for Chapter 7 Bankruptcy. It is possible. It does require effort and some discipline. It is important to be prudent regarding spending. Insanity has been defined as doing the same thing and expecting different results. It is, therefore, prudent to set a budget and stay within the budget. Put money aside for emergencies vs. using or maxing out secured or unsecured lines of credit.
Soon after filing for bankruptcy, obtain several secured credit cards. Two or three should be sufficient. These will be for low amounts. The applications usually come in the mail soon after the discharge. If not, it is possible to search for issuers online.
It is important to know limitations. Prudent use of secured credit cards and timely repayment will go a long way to re-establishing credit. Credit can also be obtained through a co-signer with good credit.
If you have any questions regarding filing for bankruptcy, please call my office and schedule a free consultation.