BANKRUPTCY LAWYER SERVING STUART
How Bankruptcy Affects Credit
One of the most widely circulated myths about bankruptcy is that bankruptcy destroys your credit record. While your credit rating will take a dip after you complete the bankruptcy process, you can immediately begin to improve your credit afterwards without the worries of paying off debt. As part of filing for bankruptcy, you are required to attend a mandatory financial management class. The helpful tips that you learn from this class will be useful in rebuilding your credit report and establishing better spending habits.
A Stuart lawyer from Crary Buchanan can help you set up a budget that that carefully tracks your expenses and income, giving you the ability to determine where your money is going and when you need to cut back. In order to avoid falling into debt again, you must invest time and effort into establishing new spending and saving habits. With careful planning, you can apply for small credit lines that will rebuild your credit if you are faithful to pay them off regularly. Over time, making small, on-time payments on these credit cards will have a significant impact on your credit record.
Restoring Credit in Stuart, FL
Once your divorce case is initiated, you will experience the relief that comes with no longer suffering creditor harassment and living debt-free. You will be free to plan ahead for your future, and set goals for yourself that were impossible before bankruptcy. Our skilled team is happy to assist you with budget planning and will devote personalized attention to help you manage every aspect of your finances. In addition to maintaining a steady income, minimize the use of credit and save as much as you can. With over 85 years of experience helping individuals with bankruptcy, we have the knowledge and insight to help you restore your credit.
Contact a Stuart bankruptcy lawyer today to learn more about how bankruptcy will affect your credit.