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

Crawley Law Firm offers free access to an online credit rebuilding course. 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.

We Serve All Of Northeast Arkansas including:

Credit Repair Law Firm

Let Us Help You Consider Your Options

Rebuilding Credit After Bankruptcy

Once you’ve reached the end of your bankruptcy and your debts have been discharged, you’re usually in a much better financial position than the time when you started. Your credit score, however, has taken a hit. The task of rebuilding credit can seem insurmountable, but there are steps you can take immediately after bankruptcy to begin the recovery process.

Impact of Bankruptcy on Credit

First, you need to understand what effect bankruptcy has on your credit score and the ability to obtain loans in the future. Bankruptcy stays on your credit history for 10 years, so anyone considering you for a loan will see it. This gives them pause, of course, but it isn’t all bad. After Chapter 7, you are ineligible to file for another Chapter 7 bankruptcy for eight years. This may make you a more attractive candidate for some loans. The bankruptcy process for individuals also requires classes in financial responsibility. Banks know that, and it may influence their decision about whether you’ll be a trustworthy debtor.

Assessing The Damage

The first step to rebuilding is to look at all of your credit reports and make sure there are no errors. Since you’re coming out of bankruptcy, some of the negatives on the report will be correct, but others may not be. Be sure to call the credit reporting agencies and get any mistakes cleared away. After that, create a realistic budget. You’ll need at least some savings to buffer against emergencies. It is important to have a cushion so that loans don’t spiral out of control again.

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.

Secured Loans
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.

Co-signed Loans
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.

Let us help you start afresh by reviving your credit health!

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Reviews

Crawley Law Firm, PA

Customer Reviews

M R

Thank you very much for the generous time you gave me Friday and for the forms. I really appreciated the sincerity, understanding, and compassion you demonstrated.

Glenn H. 11/2020

Google
They treated me respectful, professionally, and did not look down on me. I'd recommend anyone to go to them. It went smooth and well.

Matt M 08/2020

Google
Michael Crawley is most helpful and very professional. He is informative and gets the job done.

M Cooper

Thank you so much for all your help! Never thought in my wildest dreams (don’t remember ever having a nightmare) that I would be having to do this. But sometimes life throws us a curve. And mine has come so late in my earthly life. I needed someone to help me feel comfortable when I really was trembling inside because I had never gone through anything like this before. Y’all have done that for me. Thanks again.

Angela

Google
I was being sued due to a car loan. Michael and his team helped explain and get me information on my best options to file bankruptcy. I am thankful for all their time and effort they put into my case.

Judy

Mr. Crawley did an excellent job helping me to get all my bills consolidated in a Ch 13 bankruptcy. I was so worried, but he was reassuring and told me not to worry. He told me that I would be out of debt in a couple of years and I could reestablish my credit at that time. I highly recommend him!

Jennifer

Google
So impressed with how knowledgeable Michael is. The office staff is wonderful and respectful. I felt confident that they had my best interests at heart and would make sure the best outcome happened. I highly recommend them to anyone!

Latonya

Google
Very good with handling your business from start to finish. No procrastinating or trying to swindle anyone out of their money. Really appreciate how this firm took care of me. Professional at it’s best.

T.

Michael makes a difficult process easy. He is professional, quick to respond and very helpful. The office staff are also very approachable and helpful.

Aaron

Google
Crawley Law Firm has always been extremely helpful with anything that I need. Always willing to work with me and always keeps me extremely informed on a regular basis. Highly recommended.
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