You will have the opportunity to begin life anew once the discharge of your bankruptcy has been finalized. At Law Offices of Terrence Fantauzzi, it is true that we want to help you in moving through with your bankruptcy; however, we also want to assist you in repairing your credit and putting yourself in a position to be successful in the future.
Once your bankruptcy has been discharged, there are three things that we strongly suggest you do immediately. If you have questions or are ready to start the process of filing for bankruptcy, contact Law Offices of Terrence Fantauzzi at (909) 552-1238 right away.
Check to see that the information on your credit report is correct
You should request a new credit report around one to two months after the discharge of your bankruptcy. Be certain that each and every creditor that was dismissed reported you as having either a closed account or a balance of $0.00 on your account with them. If you find that there are mistakes, you will need to send a written dispute to the credit reporting bureau as soon as possible. When you do so, it is imperative that you submit evidence, such as your discharge order.
Once the agency is in possession of this letter, they will have a window of time of thirty days in which to validate the details with the creditor in question. If the creditor is unable to verify the accuracy of the balance that is being displayed, then the reporting will be removed from the credit bureau’s database.
In addition to this, it is a smart move to make written contact with the creditor. Why? Because if you don’t, then it’s likely that they’ll keep reporting this wrong information, and it’s possible that they’ll try to collect from you as a result of this. They put themselves at risk of being held responsible for the error if they don’t take the steps necessary to remedy it. You could even take legal action against them by filing a claim.
Put some effort into restoring your credit
When consumers find out that if their bankruptcy is discharged, they are likely to obtain a ton of post-bankruptcy alternatives from credit card issuers, they are often startled. Many people are astonished to learn this. The most effective strategy to make use of these credit cards to boost your credit score is to select one card, utilize it for making modest monthly expenditures, and pay off the balance in full every month. This is an excellent strategy for getting a head start on restoring your credit right away.
If you are in need of a car, you should think about arranging financing for a vehicle. Even while they might charge you a higher interest rate, many financial institutions will not react negatively to the fact that you have recently been through the bankruptcy process. Simply adding a cosigner will solve this problem. If you adhere to the advice in this article, you might be able to purchase a home in as little as two years.
Maintain fiscal restraint at all times
The majority of persons who seek the assistance of Law Offices of Terrence Fantauzzi to file for bankruptcy have done so because an unexpected event has occurred in their lives, such as the loss of their employment, the accumulation of unanticipated medical costs, or the involvement in a bad mortgage.
Now that those problems have been resolved, it is time for them to get their lives back on track and begin spending only what they can afford. This entails taking into consideration the need to have money set up for unexpected expenses, savings for retirement, and general savings.
In the event that you feel the need to file for bankruptcy, we are ready to hear from you
When you hire the appropriate bankruptcy attorney, you can be confident that they will assist you through the entirety of the process, from the very beginning to the very end. Law Offices of Terrence Fantauzzi provide just this kind of service to their clients.
During the course of the free initial consultation that we will provide for you, we will discuss all of your available choices in an open and forthright manner and make our recommendations regarding the next steps that you should take. For further information, feel free to contact us at this time at (909) 552-1238.