Rebuilding Your Credit After Bankruptcy

After filing for bankruptcy, it is important to take the right steps to start rebuilding your credit as quickly as possible:

• Pay all of your monthly bills on time.  If you can pay them in full that is even better.
• Create a spreadsheet of your budget.  On your spreadsheet include what expenses you have (i.e. rent/mortgage, utilities, groceries, gas, healthcare, savings, extras).  Then write down how much you spend on each of these things every month.  In doing so, you will be able to see where your money is going, how you are spending it, and if there is any place you need to cut back. 
• Create budget for yourself and stick with it.
• Set up a savings account. Putting money aside into a savings account each month will protect you financially in the event of an emergency, such as a job layoff or a medical emergency.
• Do not spend more money than you bring home each month. Do not spend more than you can afford.
• Use debit cards not credit cards where your purchases come from your checking account so you are making no future bills .

These are simple ways you can begin to rebuild your credit, despite having a bankruptcy on your credit report.  Furthermore, these are all good money management skills that, if you can stick with it, can help you become financially secure and stable long into the future.

Houston bankruptcy lawyer O. Miller White has provided many clients with the advice and support they need to become financially secure after filing for bankruptcy.  If you are interested in scheduling a free consultation to discuss your credit situation, please do not hesitate to contact the Law Offices of O. Miller White today at (281) 315-8810!