Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Restoring Your Credit after Bankruptcy

After filing for bankruptcy, you may feel as though your credit is destroyed and you will never be able to restore it to a good status.  This, however, is not true.  There are steps you can take to regain your freedoms to take out loans and make large purchases.  Typically, though, it will take time for you to successfully rebuild your credit.  The first step in the process is accepting this fact.

In order to build your credit back up, you will need to get a credit card, charge items on it, and then pay your bills off on time.  Most banks will not approve you for an unsecured credit card after a bankruptcy filing.  However, you should be able to get a secured card.  By using this card and paying off all of your debts on time, you will indicate to lenders that your financial habits have changed.

Take out an installment loan, and pay it off on time.  It may be difficult to be approved for one right after bankruptcy, so you may have to wait for a period of time before you can take this step.  You should also expect to pay high rates, at least in the beginning, because of your past credit history.

By taking these steps, you can restore your credit rating over time and regain the freedom to take out loans and open up credit cards.  You may have the mark of bankruptcy on your credit history, but your ability to change your habits should make an outstanding statement to creditors.

Contact Us

If you would like to learn more about restoring your credit, or if you are considering filing for bankruptcy, then Birmingham bankruptcy lawyer Paula Greenway can help you.  Contact her today at (205) 324-4000 to schedule a free initial consultation to discuss your concerns.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
Robin M
"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
Jennifer S.
I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
Robert M.
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000