Rebuild Your Credit Score
Expert Guidance To Help You Rebuild Your Credit Score
We at Crawley Law Firm not only want to help you get out of debt by offering a free consultation to see if bankruptcy is an option for you but also want to help you recover from it. Filing bankruptcy is an opportunity to start fresh financially. Our specialized credit rebuilding program can help you learn steps that work to improve credit scores in just a matter of months. If you are looking for expert advice on how to rebuild your credit score in Jonesboro, Paragould, Forest City, West Memphis, Mountain Home, and Batesville, we are here to help you!
7 Steps to a 720
We are offering a 14-week credit rebuilding program called “7 Steps to a 720.” This program teaches you how to improve your credit rating over a 6-12 month period of time. Through our 14-week credit rebuilding program, you will learn things like:
- How to rebuild your credit the right way.
- Why most credit scores are wrong.
- Which credit cards actually hurt your credit score.
- How to stop lenders that report the wrong information.
- How to re-establish your credit after a bankruptcy, foreclosure, or a short sale.
To find out more about this program, fill out the contact form or call us to talk to our attorney.
Let Us Help You Consider Your Options
Rebuilding Credit After Bankruptcy
Impact of Bankruptcy on Credit
Assessing The Damage
Rebuilding Your Credit
Now that you have a clear idea of what your financial situation looks like, you can seek out loans that will raise your credit score. Starting small and making sure that payments are made completely and promptly will be important at this stage, so be sure your budget is accurate and your commitment to rebuilding your credit is strong.
Secured Credit Cards
These are credit cards that are secured by a deposit in the bank that issues them. As soon as your debt is discharged, you can apply for one. The amount of credit is usually between 50% and 100% of the amount of the deposit.
Similarly, a secured loan is a loan made with cash as collateral. Either money that you’ve already deposited or money from the loan itself can serve as the security on loan. Until payments are made, you won’t have access to this money, but the bank will report your payments to credit rating agencies, which will build your score.
Depending on several factors, you may not be able to get the above loans right away. If there is someone with good credit who trusts your ability to repay, you may be able to get a loan with their signature vouching for you. They will also be liable for the amount of the loan, so make sure you’re able to repay it.
Authorized User Status
Some secondary users on certain credit cards also have the payments reported to credit agencies. Not every card will do this, so if you choose this option, make sure to ask whether this is the case.
Finally, and most importantly, don’t get overwhelmed and don’t give up. Bankruptcy can feel like a big stain on your credit report, but it doesn’t have to. People overcome it every day, and with care and strategy, you can too.