As a law firm that specializes in debt relief Valdosta, we understand how difficult it is to file bankruptcy. It’s a personal decision that shouldn’t be taken lightly. When we speak to our clients, they want to know how their lives will change after they file bankruptcy. After all, filing bankruptcy can affect many areas of your life.
The good news is you can create a good life after bankruptcy. By learning about new financial tools to rebuild your credit and savings account, you can thrive after your bankruptcy discharge. If you’re like most people, you’re excited about the possibility of getting your debts discharged. However, you may not know what to do afterwards. Here are a few tips to help you navigate through life after your debts have been eliminated.
As soon as you file bankruptcy, you may receive tons of credit offers from car dealerships. While these offers may cause you to feel good, resist the urge to take on new debt immediately. These offers may come with high interest rates. Take the same approach with credit cards and loans.
One of your goals should be to take steps to rebuild your credit. Within three months of your discharge, you should apply for a secured card. Use your card, make your payments on time and watch your credit score increase.
Some people are forced into bankruptcy because of medical bills and unexpected job losses. Others file bankruptcy because of poor spending habits. Be sure to address any issues that caused your financial dilemma.