Rebuilding Your Credit After Bankruptcy

To survive in today’s economy, you have to have good credit. Whether you want to buy a home, purchase a new car or send your children to college, good credit is essential. Many people are afraid to file for bankruptcy because of what it might do to their credit, but an experienced lawyer can work with you and help you take the steps to rebuild your credit.

I am attorney Joel R. Spivack, and for more than 30 years I have been helping people all over New Jersey rebuild their credit after filing for bankruptcy. From my office in Cherry Hill, I can help you find solutions that work for you.

New Jersey Bankruptcy Lawyer Helps You Plan for the Future

Bankruptcy will give you a fresh start, so it is important to do everything right after you file. The most important thing you can do to rebuild your credit after bankruptcy is continue to make your monthly payments on time.

And when you pay your bills, pay the entire balance, not just the minimum amount due. From utility bills to credit card and car payments, if you get behind again, you will put yourself in an even bigger hole.

Proper planning today can make a big difference in the long run. Choose your expenses carefully and make sure you do not take on bills beyond your means. I may be able to help you obtain a low balance gasoline credit card to help you take care of necessities. After a year of smart spending habits, you will start to get credit again.

Beware of Credit Repair Companies

I understand that you want to make things better and avoid future debts. That is why I tell all my clients to be careful of credit repair companies. They charge large upfront fees and claim that they can remove negative information from a credit report in a month or less. That is just not how the law works. It will take at least seven-to-ten years to have your credit report clean again. The best way to rebuild your credit is through smart spending habits.

Contact a Cherry Hill New Jersey Bankruptcy Attorney

You can rebuild your credit after bankruptcy, but it takes time and it takes smart planning. There are no quick fixes. From my offices in Cherry Hill, I can help you plan for a secure financial future. My office is open weekdays from 8 a.m. to 5 p.m. and offers free parking. Contact me today at 856-488-1200 for a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.