When it comes to hot-button topics like credit and bankruptcy, everyone has advice. We offer plenty of our own advice here on our blog. However, truth be told, after you read all of the articles, and weigh all of your options, at the end of the day, no one can tell you exactly what you need to do. It’s easy to get caught up in the wheel of advice, and to follow the orders of the most credible sources. However, it’s important that you know yourself and what is best for you.
As You Consider Advice…
Be aware of your credit history (no, not the document, but your actual experience with credit). Are you an impulse buyer? Do you not do a good job of mentally balancing your checking account? Think about these things carefully. While one source might advise you to use credit responsibly, you might know that avoiding credit altogether would be best path for you as you work through your bankruptcy. You know yourself better than anyone else.
Double check advice with close friends and family. Again, even though it’s smart to seek an expert’s advice, always discuss it with someone else before you begin living your life in a different way. In addition to being a good safeguard, discussing credit strategies is also a good way to get more ideas about how to handle your situation!
Be open to change. Someone could offer you great advice, but for whatever reason, it just doesn’t work for you. If this is the case, don’t automatically assume you’re a failure. It could be that the advice just doesn’t work for your financial situation. Be open to changing things up again. You don’t have to stick to just one expert’s plan for your situation.
As you go through bankruptcy, and come out debt-free, think about these “grains of salt” to take along with whatever professional advice you receive! Credit and bankruptcy issues can be complicated. Good advisors try to simplify the problems, but it doesn’t mean things will always tie up neatly for you! Be flexible, and work hard!