Knoxville Bankruptcy Attorneys Clark & Washington Discuss Restoring Credit After Bankruptcy
The Knoxville bankruptcy attorneys discuss ways to restore and improve your credit score after filing for bankruptcy.
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KNOXVILLE, TN, August 01, 2014 /24-7PressRelease/ -- The Knoxville bankruptcy attorneys at Clark & Washington wish to inform the public of ways to restore your credit score after filing for bankruptcy. Filing for bankruptcy is a tremendous life event, and the aftershock effects on your financial well-being are quite substantial. After the storm has passed, however, it is time to rebuild your credit.
Restoring Your Credit after Bankruptcy
When getting out of bankruptcy, you should sit down with your Knoxville bankruptcy lawyer and evaluate what it was that got you into the financial straits requiring you to file in the first place. Necessary precautions should be taken so that you never have to file for bankruptcy again.
After your bankruptcy is discharged, one of the first things you want to do is check to make sure that there are no errors on your credit report that may be detrimental to your score. Check with all three credit bureaus to ensure that they properly recorded your debts as being included in your bankruptcy and properly discharged.
Don't apply for too much credit all at one time. Every inquiry made on your credit has an impact on your score and you do not want to raise red flags to creditors as they can see that you have just recently exited bankruptcy.
Obtaining a secured credit card can increase the speed with which your credit score goes up. To get one, you simply deposit a certain amount in order to be given a certain line of credit. The good thing about secured credit cards is that are they are easier to obtain and typically report to the three credit bureaus regularly.
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
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