All bankruptcy attorneys are not created equal. Schedule A Free Case Evaluation
Nowack & Olson, PLLC
Let’s do this together.
Speak with one of our professionals.
888-813-4737

You can rebuild your credit after bankruptcy

When you're dealing with overwhelming debts, filing for bankruptcy in Florida may be the best solution. Bankruptcy can stop the flood of threatening calls and letters from creditors and put a hold on any creditor actions that are taking place like foreclosure and wage garnishment. Although bankruptcy can negatively impact your credit score initially, the discharge process may ultimately lead to better credit.

Many people think that a bankruptcy filing will unalterably damage their credit score. In reality, bankruptcy could have a positive effect on your credit score, especially if you had a very poor debt-to-credit ratio before you filed. A large part of credit scoring is based on how much debt you have compared to your available credit, and bankruptcy can help you to improve this ratio.

If bankruptcy lowers your credit score, there are many things that you can do to mitigate that damage and start rebuilding your credit. Rebuilding a good credit score after bankruptcy requires a commitment to credit repair strategies as well as a commitment to a healthier financial lifestyle. If your credit is damaged, it may be tempting to go to a credit counseling company or a debt negotiation firm. While these companies promise results, they usually don't deliver, and their 'solutions" may even lower your credit score.

Our attorneys can help you to eliminate debt and find real solutions to your credit problems after a bankruptcy filing. Over the last 30 years, we have helped thousands of people to file for bankruptcy and then repair their credit. To learn more about the services we offer, you are invited to visit our credit repair page.

No Comments

Leave a comment
Comment Information

We take your situation as seriously as you do.

Start with a Free Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

What Our Clients Say:

Back
  • "Maria please let Attorney Olson know how pleased I am with the results of my home loan modification with Bank of America. I am so grateful for all of their hard work, especially since my house was a gift from my parents, I prayed not to lose it to foreclosure....."

    Cassandra M.
  • "We received last Friday our bankruptcy discharged letter for the trustee.
    We want to thank you very much for your services in our bankruptcy file.
    We are very pleased and happy with your service, you are so professional, courteous, organized and fast.

    We will recommend you every time we can.
    God Bless You!"

    Yazmin & Ricardo D.
  • "MY EXPERIENCE WITH MITCH AND CHRIS AND U WERE JUST A GREAT EXPERIENCE I WANTED TO GIVE UP PRIOR TO U GUYS.. DON'T WANT TO FORGET ABOUT LEO, HE'S ALSO GREAT PERSON..COMMUNICATE REALLY GREAT WITH ME,,ACTUALLY ALL OF U ....I CAN EMAIL OR CALL .U ALL ALWAYS REPLY TO ME....."

    Tonya C.
  • "I was very pleased with work of Nowack & Olson, and way you guide me through all process of bankruptcy and loan modification. I received good care and was informed on every step of it. Thank You very much. You save my life!"

    Kasia D.
  • "Just wanted to thank you again for helping my wife and family through a tough time. We are finally starting to get back on our feet and building back our nest egg. We have stabilized our income again, and see the light at the end of the tunnel. I remember one of your tag lines was helping good people through bad times... That always rang true with us....."

    Peter R.
  • "After a rather distasteful experience with a Foreclosure Attorney I was apprehensive to say the least to hire an Attorney to handle our Bankruptcy. After some internet searches and research I found Christian Olsen, and after our initial consultation my wife and I retained his services....."

    Bobby and Tanya
  • "I am a teacher who reaped the rewards of a profitable side business until shortly after the recession. I struggled to keep my business afloat until I finally threw in the towel. Between personal and business debt, I was suffocating in bills....."

    Richard C.
Read More Testimonials

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.