Helping You Understand How to Repair Your Credit After Bankruptcy
You Have Nothing to Lose Through Bankruptcy but Your Debt
One of the most common reasons people cite for avoiding bankruptcy is the fear of poor credit. Ironically, bankruptcy can sometimes repair your credit faster than avoiding bankruptcy. Why?
- When you declare bankruptcy, your debt may be discharged, leaving you with less debt, a better debt-to-equity ratio and an improved credit score.
- Credit ratings are determined partly on the likelihood that the person in question will declare bankruptcy. Once you file for bankruptcy, you are barred from bankruptcy for years, making your remaining debt more secure and improving your credit score.
If you have questions regarding how to manage debt, how bankruptcy will effect your credit score or how to use bankruptcy to improve your credit score and access to credit, contact a Corona credit repair attorney at Sobti Law Group. Our law firm has handled bankruptcy law for over a decade and has helped 100's of individuals and families navigate Chapter 7 and Chapter 13 bankruptcy.
For experienced and efficient bankruptcy and credit repair legal help in Beaumont, Corona, Palm Springs, San Bernardino and Orange, contact Sobti Law Group. Call 888-627-8013.
Once debt becomes overwhelming, it's difficult both to pay off debt and to repair your credit. We can provide counsel on how filing for bankruptcy can resolve both challenges.
We can also help you take additional steps following bankruptcy to improve your credit score.
For instance, it often makes sense to obtain a secured credit card. Secured credit cards are "secured" because the holder pays into an account that is drawn from when the card is used. This process allows the cardholder to demonstrate their ability to make regular payments while limiting risk for the company issuing the card.
We can also provide help when creditors provide false information to credit score companies and can repair credit mix-ups, including identity errors. For more information about our firm and credit repair, contact one of our offices.
Contact Us
To learn more about how to repair your credit after bankruptcy, contact Sobti Law Group. We offer free consultations, are available for Saturday appointments by request, and speak English and Spanish as well as Armenian, Russian, Arabic, Persian, Hindi, and Punjabi. To contact a lawyer, call 888-627-8013.
