5 Ways to Recover After Filing For Bankruptcy
It’s true that filing for bankruptcy can have long-term effects, but it can be worth it so that you can get some financial relief. Plus, if you take the right steps, you can recover from filing bankruptcy more quickly than you probably think.
1. Change Your Way of Thinking
First of all, if you want to avoid ending up in the same situation once again, you’ll have to change your way of thinking. It’s important to live within your means and not to rely on using credit to get by from day to day.
2. Get a Copy of Your Credit Report
You’ll want to wait for a month or two after filing bankruptcy, then get a copy of your credit report. Then, you can check to make sure that everything is accurate, since credit reports are often filled with errors. Dispute anything that is not accurate.
3. Pay Your Bills on Time
It’s essential to focus on paying your bills on time every month. This can help prevent you from getting behind and can help you work on your credit score.
4. Get a Credit Card
Credit cards might have been what got you in trouble in the first place, but taking out a credit card and using it responsibly can help you rebuild your credit. Consider looking for a secured credit card, which can be easier to get approved for, even after bankruptcy.
5. Avoid Applying for Too Much Credit
In the months and first few years after filing bankruptcy, it’s going to be difficult to get approved for a lot of loans. Therefore, you should avoid applying for too much credit beyond an initial secured card. Chances are good that you won’t get approved anyway, but applying can cause your score to go down.
As you can see, there are steps that you can take that can help you move forward after filing bankruptcy. A team of Tulsa bankruptcy lawyers can tell you more. If you’re interested in filing bankruptcy, consider scheduling an appointment with Tulsa bankruptcy lawyers who you can trust.