Jacksonville Bankruptcy Attorney

Credit Restoration

It a common bankruptcy myth that after filing for bankruptcy your credit will never be the same. This is simply not true. While bankruptcy can have a negative effect on your credit score, with careful financial planning and time, your credit score can bounce back to be even higher than it was before. Bankruptcy does not have to mean the end of your financial independence and security, and a Jacksonville bankruptcy attorney can help you through the process of credit restoration so that you can once more have a healthy financial record.

After discharging your debts through either Chapter 7 or Chapter 13 bankruptcy, you can begin to take the following steps to start restoring your credit:

• Make a monthly budget and stick to it. By accounting for all of your expenses in your monthly budget, you will avoid getting behind on your bills.
• Check your credit report for incorrect information. Under the Fair Credit Reporting Act, you can contest any inaccurate information and if the three credit bureaus cannot verify the information, by law they must remove it from your report. If you don't, we can file a suit against them and you are entitled to damages.
• After a short time, you may consider opening up a secured credit card with a small balance. A secured credit card is one where you make a deposit to secure any purchases you make with it. By making small purchases and paying them off in full every month, you will avoid accruing any interest charges and will begin to make progress of your credit score.

Bankruptcy Lawyer Serving Jacksonville

At The Law Offices of Robert Peters P.A., it is our goal to assist our clients through the bankruptcy process every step of the way, including credit restoration. We hope you feel free from the burden of your previous debt, and will advise you on credit restoration so that you are financially stable once more. With 19 years of experience serving Jacksonville, we have the experience you are looking for in a bankruptcy and credit restoration lawyer.

For advice on the credit restoration process, contact a Jacksonville bankruptcy lawyer from our firm today.