When high debt weighs you down, bankruptcy offers a lifeline, wiping out unsecured debts and giving you a fresh start. But what comes next? How can you rebuild and thrive after bankruptcy? Let’s explore.
Credit is King
In today’s world, your credit score is everything. A good score (700 or above) opens doors, especially when financing major purchases like a car. Imagine saving thousands on interest simply by having a decent credit score!
At Robert J Adams & Associates (“The Bill Slayer”), we automatically enroll our clients in a free credit score improvement course. We want to help you achieve that 700+ score and enjoy its benefits.
Beyond the Course: More Tips for Rebuilding
- Save Your Bankruptcy Papers: These documents protect you from debt collectors trying to revive old debts.
- List non-dischargeable debts, such as child support, some taxes, and student loans. Know what remains your responsibility.
- Rearrange Banking: Reactivate automatic payments and deductions if needed.
- Check Insurance: Cancel coverage on surrendered assets.
- Pull Your Credit Report: At least once a year, ensure discharged debts show zero balance.
- Get a Credit Card: Use a secured card responsibly to build credit.
- Pay Yourself First: Save something every payday, no matter how small.
- Pay Bills on Time: Late payments hurt your score more than anything.
- Buy a Modest Car: Avoid post-bankruptcy pitfalls by choosing a car you can comfortably afford.
Remember: Bankruptcy is a fresh start, not a finish line. With smart choices and guidance from experienced professionals, you can rebuild your financial life and achieve long-term stability.
Ready to take the next step? Contact Robert J Adams & Associates today!