The shadow of bankruptcy has dissipated over the last decade. Where once there was shame, there is now compassion and education. The chance for a fresh start is achievable with a little research and planning. Bankruptcy is just the beginning of a rebuilding process.
The key to rebuilding is having a plan. Review your income and make a budget. Every dollar needs a home whether its bills, savings, or dinner out. Be sure to take everything into account and plan for emergencies. You don't want to be caught unaware.
We offer a program to our filers to educate you on steps to rebuilding called 7 Steps to a 720 Credit Score. This program is offered to our clients free of charge to get them on the path to credit rebuilding and give them the fresh start we promise.
If you discover that you are short money to cover the basics, you may want to consider taking on a part-time second job. Sometimes income battles mean it is time to step out of our comfort zone. If you think it is time to evaluate the level of income you have, do a little research and ask a lot of questions. Either way, you need income to rebuild after bankruptcy.
Keep a calendar to be sure you maintain timely payments. Forming good financial habits leads to good financial health. Making timely payments, tracking your payment history, and keeping due dates under tight control helps improve spending habits.
Monitor your credit report. If there are questionable reports, make contact to determine their validity and dispute anything that is questionable. In the age of technology, it is easy to miss what could be fraudulent activity. Regular review of your accounts and credit report can protect you from internet thieves.
Rebuilding is a marathon that takes time, effort, and can be quite a process. You have to remind yourself daily that this is a re-education and it is totally worth it. In the end, the result is a fresh start with new possibilities and healthier habits.