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Rebuilding Credit After Bankruptcy Atlanta, GA

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Rebuilding Credit After Bankruptcy

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Many believe that bankruptcy marks the end of one’s financial life. Yet, the truth is—bankruptcy establishes a fresh start so that individuals and families can move forward and make better choices for the future. In fact, it’s possible to rebuild your credit after bankruptcy when you apply the right strategies early on.

It’s true—financial bankruptcy creates negative remarks on one’s credit report, as explained by Debt.com. In essence, every missed payment or overdraft and collections account will be documented. When bankruptcy is finalized, many of these remarks can be removed, and some are listed as “settled.” While the process of updating this information is on the slow side, the credit rebuilding process can begin through credit correction once all is clear.

As individuals begin to build their credit again, it’s wise to obtain an open credit account. It’s important to understand that the credit card will most likely require some sort of deposit to open the account. Even so, when purchases are made and paid off intentionally, it slowly builds credit on the individual’s behalf.

Another consideration is the mixture of debt one takes on. For instance, it is not smart to only have credit card debt. Thus, taking out a small loan is ideal. This loan might be used for home renovations and repairs, as well as important investment-type purchases. Doing so not only builds credit, it establishes a better outlook for the future. On the other hand, high-risk borrowers may apply for an auto loan as a way to create diversity with debit.

Finally, to stay on top of one’s changing credit score following bankruptcy, it is a good idea to use a credit monitoring service in addition to ID theft protection. As such, individuals can see and be encouraged by their standing in regards to credit. Additionally, they will know when they have recovered enough of a score to take on larger loans or expenses.

Personal And Attentive Bankruptcy Attorneys

At Gingold & Gingold, LLC, we provide the personal care and attention that individuals deserve, whether they are navigating the process of bankruptcy or working to build their credit after. With several locations throughout metro-Atlanta, we invite you to call us today for a free initial appointment.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634

Email:

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    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

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    Jamie L. Gingold, PC

    195 14th Street NE #1604

    Atlanta, GA 30309

    Phone: (678) 915-2634

    Email:

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