• Home
  • Our Attorneys
  • Testimonials
• Free Evaluation
• Filing Bankruptcy
  • Chapter 7
  • Chapter 13
  • Small Business
  • After Bankruptcy
• Loan Modification
  • Stop Foreclosure
  • Mortgage Mediation
• Credit Card Debt
  • Credit Card Bankruptcy
• Our Locations
  • Green Bay
  • Fond du Lac
  • Manitowoc
  • Milwaukee
  • Oshkosh
  • Racine
  • Sheboygan
  • West Bend

After Filing Bankruptcy

The hardest part is over after filing bankruptcy through the Law Offices of Richard A. Check. We will help you bridge this difficult time, and allow you the opportunity to grow your business and personal finances once again. After filing bankruptcy there are a number of things you can do to get back on your feet. The first step in rebuilding credit is getting rid of your previous debt. By dissolving your debt you are allowed to handle new streams of credit. Here are some examples that can get you started on your way toward great credit.

After filing bankruptcy take it upon yourself to open a new savings or checking account, and start saving. Saving can be done at your own pace, but it is essential to start putting money away for later. Another great way to build your credit score is to start applying for new credit cards for items like gas and groceries that you would normally pay for with cash. This shows lenders that you are a responsible borrower and can pay your dues accordingly. Applying for a secured card that regularly reports your activity to the credit reporting agencies will help you re-build your reputation as well. Make sure it is the type of card where you deposit cash and charge against it.

Paying your bills on time is a great way to maintain and build credit. Staying on top of your monthly payments will restore confidence in your ability to pay. Make sure to keep your utility and rent payments current. For your larger investments, see if you can find a cosigner for your loan.

Money from heaven is a path to hell. There are many people and organizations out there that can mislead you and put you on a path to financial instability. Keep an eye out for mortgage lenders and car dealerships that claim to help with those who have filed bankruptcy. Avoid pay day loans and finance companies that involve high interest rates.

Write letters to the credit reporting agencies explaining the situation that lead you to filing for bankruptcy. Become more self-aware by making it a point to live on a new and responsible budget. Spend your money wisely and keep track of your expenses closely. Always make your payments on time on the debts that remain even after your bankruptcy filing. And make sure the information on your credit report is correct. By getting into these habits you will be able to triumph over debt, and live a successful lifestyle.

The first step for rebuilding credit is getting rid of your previous debt.  It allows you the opportunity to be able to handle new credit.

Some tips include:

• Open a new savings or checking account and start saving!
• Start applying for new credit cards for items like gas and groceries that you would normally pay for with cash.
• Apply for a secured card that regularly reports your activity to the credit reporting agencies. Make sure it is the type of card where you deposit cash and charge against it.
• Get into the habit of paying your bills on time. Keep those utility and rent payments current.
• See if you can find a cosigner for a loan and stay current with your payments.
• Keep an eye out for mortgage lenders and car dealerships that claim to help with those that have filed bankruptcy.
• Avoid pay day loans and finance companies that involve high interest rates.
• Write letters to the credit reporting agencies explaining the situation that lead you to file for bankruptcy.
• Make it a point to live on a new budget. Spend your money wisely and keep track of your expenses closely.
• Make your payments on time for the debts that remain even after your bankruptcy filing.
• Make sure the information on your credit report is correct.