One of the concerns that individuals face when filing for bankruptcy is, "How will this affect my credit in the future?" We have a great deal of experience in handling bankruptcy and in answering questions about the process.
At Sulaiman Law Group, LTD, our law firm handles a wide range of debt relief services for clients. We also take the time to educate our clients about what we are doing for them, so they understand the implications of each action. We are located in Oak Brook, Illinois, and serve clients in Chicago and the surrounding areas.
Contact a bankruptcy attorney for more information about the effects of bankruptcy on your credit by calling us at 630-413-9054.
When Will I Be Able to Obtain Credit Cards Again?
You may start receiving offers for credit cards again in a short time after filing for bankruptcy. That is because you cannot file for bankruptcy for eight years after your first bankruptcy filing is complete. Therefore the money is quite secure.
Building Up Credit
We recommend that our clients start by building up their credit. A few ways to do that are:
- Prepaid credit card: If you have a prepaid credit card, you can start to build up your credit once again by using this in specific situations.
- Pay bills on time: One way to assist in building your credit is to make certain that all of your bills are paid on time and in full.
- Use credit carefully: In the future, use credit only for the essentials.
Contact a Bankruptcy Lawyer
If you are considering filing for bankruptcy, it is important that you consider all of the implications of the process. Our attorneys will walk you through the process and explain the benefits and drawbacks in a straightforward manner so that you can assess for yourself. Contact us online or by calling 630-413-9054.
