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You can follow traditional methods to increase your credit scores and begin the usually two-year road back to solvency as an individual or a business with clear direction from Eric Lanigan and Roddy Lanigan, experienced bankruptcy attorneys in Winter Park, Florida.
In post-bankruptcy credit repair there is a restoration road map to good credit. Find out how you can increase your score in scheduled, regular, continuous behaviors with activities that include opening new, unused, unsecured lines of credit. Note: unused, not a line for buying, but for building.Here are 3 Tips for Getting Your Credit Back in Shape:
Don’t Repeat Old Patterns, Get Counseling
Receive counseling to ensure that past mistakes aren’t repeated and learn financial planning to live within your means and save and structure savings and investments for life after bankruptcy.
Importantly, stop applying for credit over and over. When you look at what's out there, choose carefully for necessary vs. backup or safety net credit cards. Multiple rejections for credit in a short space of time can detrimentally affect your credit score.
2. Get to Work on Correcting Credit Report
Checking your credit history reports for discrepancies after the bankruptcy is also effective. There may be an error on your credit file preventing you from getting the score you deserve, so you should check your credit file for anything unusual or wrong.
If you want to check your credit file it's as simple as contacting Experian, Equifax or Transunion online, by mail or by phone to be able to get a copy of the report for a small charge. If you do notice any discrepancies then you need to get in touch with the relevant companies or lenders and get them clarified with backup proof if necessary.
3. New Slate, New Start
The obvious way to improve your credit score is to keep up to date with all your other credit agreements, making sure that you pay what you are expected to pay by the date you were expected to pay it. If you’re having trouble with repayments already, it's time to remember what you were told in your bankruptcy counseling session.
You can't continue with past behaviors and while you can contact the lender to see if you can rearrange the payment dates or amounts so that you can meet the requirements, this can't continue to be an option.
Rebuild with direction and plans from experts who will work with you to rebuild and start over. Contact Lanigan and Lanigan who can share resources for the right way to get a fresh start after a bankruptcy.