Worcester Credit Reports
Credit Scores and Bankruptcy
Many people who file for bankruptcy are concerned about the impact it will have on their credit report. By the time a person's financial situation is such that bankruptcy is their best debt remedy, their credit scores have almost always decreased. Once you file for bankruptcy, there are various ways that you can rebuild your credit. After your bankruptcy petition has been approved, make sure your report contains current and accurate information. Credit card data will remain on your report for approximately seven to ten years, even when a debt has been discharged. Keep track of when it will expire, and make sure it is removed from your report when the time comes. Other actions you can take to improve your score include:
- Acquiring a secured or unsecured credit card
- Paying all of your bills on time
- Monitoring your report and removing any inaccurate data
Most people are able to obtain good credit in 2 - 3 years. Smaller loans like an unsecured or secured credit card are typically available to consumers with regular income within a few months or filing bankruptcy as are high rate car loans. Home mortgage loans will typically take 2 - 3 years after bankruptcy and in some cases as little as one year, so long as you meet other financial requirements established by your bank.
The key to rebuilding your credit and improving your score is to meet all of your financial obligations and avoid financial mistakes of the past. Over time, your scores will greatly improve. A Worcester lawyer should be consulted if you are heavily in debt and considering bankruptcy. You can get all of your bankruptcy questions answered and find out in more detail how to restore your credit after your petition has been approved.
Put Years of Experience on Your Side
Filing for bankruptcy should never be avoided because of fears that it will prevent you from having credit in the future. Kovacs Law, P.C. is an experienced bankruptcy firm that can give you valuable advice regarding your finances and skillfully guide you through the bankruptcy proves. We will make sure that bankruptcy is the right solution to your money troubles, and manage all aspects of your case from start to finish. Our firm will also counsel you on what life will be like after bankruptcy, and how to improve your financial condition.
Contact a lawyer for detailed information on filing for bankruptcy if you are in financial trouble.
Real Stories From Real People
Hear It Directly From Our Clients
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“Bankruptcy expert very easy to deal with, friendly service, took care of all Communication and scheduling with the courts. I didn’t have to deal with anyone but him. I really enjoyed dealing with him.”- Colin D.
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“If you need someone to be straight forward with you, tell you like it is, and help guide you through the bankruptcy process, this is the guy. We are very thankful!”- Christina P.
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“Very thankful to Robert and his office staff. Very professional and thorough and I would highly recommend Kovacs Law, P.C.”- Michael K.
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“Mr. Robert Kovac did an excellent job with my parents bankruptcy case. The year process was easy and stress free and he helped us in every way.”- Carolina R.
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“Due to Robert's compassion, I no longer have the stress and worry about my finances. Thank you, Robert, for giving me my life back!”- Lynn C.
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“He walked me through the bankruptcy steps slowly and answered all of my questions. Even on days he was clearly extremely busy, I never felt rushed with him. Would recommend, 100%.”- Nina G.
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“His very attentive and shows empathy towards his clients and does not treat you just like another case load.”- Nuh M.
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“Robert Kovacs and his firm did a thorough job and I was completely satisfied with him and his staff. He handled all the details and there were no surprises.”- Elizabeth
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“From the time I started my process to the time it was finished I was always treated with respect and consideration.”- Former Client