After people file for Chapter 7 or Chapter 13 bankruptcy, they often wonder how and if they can rebuild their credit score. While filing for consumer bankruptcy can adversely impact people's credit reports for a period of time, it is important to know that this is temporary and by taking the right actions, people can in fact rebuild their credit scores with time.
If you filed for bankruptcy and are wondering how you can improve your credit score, following these two tips can help.
First, make sure that you pay all your bills on time from here on out. Don't allow yourself to fall behind as being delinquent can lead to a lowered credit score.
Second, be responsible with your credit cards – this means that you must avoid overspending. You have to be strict with yourself and follow a budget that is feasible or else you will find yourself accumulating debt that you can't afford to pay. AS you know, this can lead to your credit score being lowered if you can't afford to pay your bills.
If you have additional questions, contact Raxter Law, your Menifee, Canyon Lake, Murrieta, Wildomar Bankruptcy Attorney.
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