Will I Ever Be Able To Get Credit Again?

Nearly every client, whether they are filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, asks whether they will ever be able to get credit again. My answer is always yes, you will be able to get credit again.

In fact, after you file Chapter 7 Bankruptcy or complete your Chapter 13 Bankruptcy, you will be inundated with offers for credit cards, unsecured loans and car loans. The drawback to these offers is that they will all contain very high interest rates. After your case is filed you want to begin rebuilding your credit, but do not over-extend yourself or you can end up back in the same position.

As you rebuild your credit after filing, your score will improve and you will receive lower interest rates. If you do the right things, you can qualify for an FHA mortgage within two years.

Do not let the fear of never being able to obtain credit stop you from filing bankruptcy. If you would like more information about bankruptcy and how to rebuild your credit after filing, contact one of our experienced attorneys today.