Is There Life After Bankruptcy?

STONEHAM, Mass. - Aug. 4, 2014 - PRLog -- ow can I rebuild my credit?  Will I ever be able to get a loan?  These are many of the questions people ask when considering bankruptcy protection.  Fortunately, filing for bankruptcy no longer has the stigma attached to it that it once did.  Within months you will begin to see those obnoxious credit card offers begin to start filling your mailbox again (then hopefully recycling bin, you just got rid of all of that debt).  This is a sign that your credit is back on track and moving in the right direction.  Tools such as secured credit cards and loans can be utilized to raise your credit score back up to where it was during better times, giving you the ability to purchase a car or home post bankruptcy.  Here are some tips to improve and keep your score up post bankruptcy:

Obtain a copy of your credit report at least once per year for free @www.annualcreditreport.com

Check it for accuracy and use the online dispute form to dispute any mistakes.

Be sure that debts that were included in your bankruptcy state that they are “discharged in bankruptcy” or “included in bankruptcy” on your credit report.

Pay all of your bills your receive post bankruptcy on time.  This includes utility, medical bills, loans, credit cards, etc.

Obtain a secured credit card, use it and pay it off every month.

For questions about consumer bankruptcy, visit www.montvalelegalcounsel.com

About Montvale Legal Counsel

Montvale Legal Counsel provides affordable and effective legal representation in the areas of consumer bankruptcy and family law in Massachusetts.