Credit After Bankruptcy

: Chris Lee Law Firm

  Filed under: Credit Tips

After filing for bankruptcy, you will no doubt have many questions about how it will affect your credit rating. There are many who fear that bankruptcy could only ever mean bad credit. However, these portents of bad futures are not necessarily always the case. It is possible to maintain relatively good credit, in some cases it is even improved after bankruptcy filing.

Don’t Lose Hope

While bankruptcy filing will leave a note on your credit, it doesn’t necessarily mean an end to your good rating forever. In fact, there are a variety of tools, counselors, and resources out there to help you restore your credit to something worth talking about. There are also simple solutions that you can undertake yourself to start rebuilding on your own.

The key to rebuilding your good standing is to continue paying your bills. Rent, mortgage, utility payments – paying these on time is the key to rebuilding that good credit rating.

Additionally, paying off more than your minimum payment every month will help build up a good standing with card companies. Consider charging a small portion of your necessities to the card and then immediately paying these off to build better credit, even after a bankruptcy filing. Don’t wait for bankruptcy to be removed from your credit report: take an active role in rebuilding your credit right away.


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