Recovering from Bankruptcy
Many people believe that filing bankruptcy will destroy their ability to obtain credit for many years. In reality, that is nor the case if people follow the 5 tips listed below.
- Pay your bills on time;
- Limit your purchases to those you can afford to pay off immediately;
- Avoid lenders who charge high fees (such as cash advance companies);
- Monitor your credit report to ensure some of your old discharged debt does not erroneously reappear;
- Make a budget and stick to it.
Following these simple tips can help you achieve the fresh financial start you deserve after a bankruptcy filing.
To determine if you qualify for Chapter 7 fresh start bankruptcy, call Northwest Ohio attorney Fredric M. Boy at (419) 327-6160 for a free consultation.