Many people fear the impact filing for bankruptcy will have on their credit score. The truth is that filing for bankruptcy will probably have little impact on your credit.

If you are at the point where filing for bankruptcy is your only option, your credit score has most likely already been lowered by late and missed bill payments.  If your home is at risk of being foreclosed on or you are facing eviction, those actions will only further lower your credit score.

While bankruptcy will lower your credit score for a time, it eliminates your debts and provides you the opportunity to start fresh and rebuild your credit over time.

At the Hamilton Law Offices of Quigley & Fayette our attorneys have more than 30 combined years of experience helping people throughout New Jersey discharge their debts, take control of their finances and rebuild their credit.

Mercer County Credit Repair Attorneys

At the Law Offices of Quigley & Fayette, our lawyers help clients rebuild their lives after bankruptcy.

Rebuilding your credit after filing for bankruptcy can take time. However, there are several important steps you can take to ensure your credit score improves over time, including:

  • Paying bills, including future credit card payments, on time
  • Avoiding using your credit cards to keep your balance low and free up the amount of credit available to you
  • Avoiding opening new lines of credit
  • Making cash purchases, including the purchase of larger items such as cars
  • Obtaining a secured credit card
  • Monitoring your credit score and disputing any incorrect information that appears on your credit report

In addition, as part of the bankruptcy process you will be required to attend credit counseling.  During this counseling you will learn strategies to effectively manage your debt moving forward.

Contact The Law Offices Of Quigely & Fayette

For more information about how filing for bankruptcy will affect your life, contact the Law Offices of Quigley & Fayette.  Call us at 866-736-5351 to set up a FREE consultation or contact us online.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.