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Many individuals believe that they will not be able to get credit for 10 years after filing bankruptcy. This myth is actually untrue. While the bankruptcy will appear on your credit report for up to 10 years, you will almost immediately be able to rebuild your credit and obtain a loan after bankruptcy Utah. Obtaining post bankruptcy credit cards may be easier than expected. As part of bankruptcy you will have completed mandatory credit counseling, which will arm you with the tools to be able to use credit wisely. Using credit wisely, many individuals are able to manage their finances after bankruptcy and get new lines of credit or credit cards within weeks or months after your bankruptcy has been completed. In fact, when managing credit wisely after bankruptcy, many individuals are able to obtain a new mortgage within a few years after filing for bankruptcy. We caution our clients, however, not to run up new credit card debt or other high-interest loans after completing bankruptcy.
To understand how your life will be affect by filing bankruptcy, speak to a knowledgeable bankruptcy attorney with Weekes Law. We can help you successfully complete bankruptcy and also help guide you through reestablishing your credit afterward.
If you complete chapter 7 or your chapter 13 bankruptcy debt repayment plan and have kept up with your mortgage payments, this will go a long way to helping you get new lines of credit or credit cards. Weekes Law can help you repair your credit report your bankruptcy and clean off any errors or negative reports that were discharged as part of your bankruptcy.
Our locations are conveniently located for easy access from I-15.