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Post bankruptcy many clients get a clean start. You may find yourself with a surplus of funds which you never had before. We suggest you start again by saving prudently. Start putting away a little extra for your retirement, unexpected future expenses or that long awaited vacation. We recommend meeting with a financial planner to develop a strategy to help you reach your new financial goals.
After bankruptcy many clients find that their credit score will improve noticeably. Many clients file bankruptcy when their credit is already declining because of the their debt obligation. Now that all or many of the debts are eliminated, many clients tend to see upside with regards to their credit score and purchasing power.
This is your new start, and only you can decide whether getting a credit card again is right for you. Often, within 3 months of obtaining your discharge from bankruptcy, individuals will get credit card offers in the mail. Getting a credit card can be beneficial if used strategically to build credit. See a financial planner if you need help with deciding whether a credit card may be right for you.
Copyright © 2018 McCook Law Firm, LLC - All Rights Reserved. Attorney Advertisement: Please note that use of this website or the email links do not create an attorney-client relationship. You are not considered a client until McCook Law Firm accepts your case and you sign a retainer agreement. The information presented on this site is intended for informational purposes only and not for the purpose of providing formal legal advice. This web site is not intended to solicit clients for matters outside of the State of Connecticut or the State of New Mexico.
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