Bankruptcy can remain on your credit report for several years. While this may seem like bad news, the reality is that those filing for bankruptcy in Augusta may already have a reduced credit score, and filing will not significantly impact it further. More importantly, pursuing bankruptcy can actually provide individuals with an opportunity to start rebuilding their credit and securing a better financial future.

bankruptcy filing

Steps To Take To Rebuild Your Credit

You need to remember that filing for bankruptcy in Augusta can be an opportunity to obtain a fresh start. To help you get started with this new beginning, consider the below things you can start doing now to help rebuild your credit history and score. 

Pay Every Payment On Time

One of the more important things you should do after filing for bankruptcy is to pay every payment you still have on time. This will not only help improve your credit score, but because you cannot file for bankruptcy again for some time, you want to ensure you avoid falling into another challenging financial situation.

Learn How To Manage Your Finances

Learning how to use credit appropriately can be a game-changer when it comes to rebuilding your credit score. For these reasons, taking personal finance classes, for instance, can help you, in the long run, to figure out how you can manage your finances and minimize the chances of making the same mistakes that led you to file for bankruptcy in the first place. 

Check Your Credit Score

Requesting free reports periodically will not negatively impact your score. Rather, it will allow you to review statements related to your score, determine if there is something wrong or in dispute, and figure out whether action needs to be taken.  

Create an Emergency Fund

Do not let unexpected circumstances overwhelm you again. Instead, start putting money into an emergency fund that will allow you to have cash when unforeseen issues arise. This will give you time to make smart decisions on how to proceed during rough times and help you get to the other side faster and often without major problems. 

Talk to an Experienced Augusta Bankruptcy Lawyer

Being financially responsible often means maintaining good habits following bankruptcy. However, because no two financial situations are alike, if you want to know how to rebuild your credit, consider discussing your financial issues with an experienced and skilled Augusta bankruptcy lawyer. These attorneys can provide you with ideas of things you can start doing today to rebuild your credit and even help guide you through this process.

Contact the Law Firm of Seymour and Associates, P.C for More Information

Rebuilding a credit score can take a while. When you first start the process, you will likely only see minor improvements. However, with the right legal team on your side and sound financial habits, you can substantially improve your score over time.

For more information regarding credit scores after bankruptcy or filing for bankruptcy in Augusta, contact the Law Firm of Seymour and Associates, P.C., to schedule a free case consultation, or call us at 706-868-1968 and find out more about our services.