Experienced Guidance to Help You After Your Bankruptcy
At Andress Law Firm, our goal is to help you through your problems with debt. Bankruptcy can put you in a position to succeed, but it cannot guarantee your financial well being. For instance, some people are forced to file for bankruptcy more than one time in their lives. While there is no shame in that, it does mean that they went through the stress and strain of spiraling debt and creditor harassment again. We want to protect our clients from that unpleasant experience.
How to Go From a Fresh Start to Financial Success
It is important to understand what caused your debt problems to avoid ending up back in the same situation later. While every case is different, there are common elements that show up in many bankruptcies. The following advice is intended to address those elements.
First, stay away from debt. This is not easy. Borrowing money is far simpler in the United States than it is almost anywhere else. If you are not careful, it is easy to pile up enough debt to guarantee a return to bankruptcy.
Second, mind your credit report. As soon as your bankruptcy is complete, send a copy of your discharge and a list of your creditors to the three credit reporting agencies. This information will speed the process of cleaning your credit report and will make it easier make sound financial moves in the future.
Third, make a budget and stick to it. Budgeting is the best way to avoid debt and to make sure you spend your money on what matters most to you. It can help you set financial goals and reach them.
Fourth, beware the credit card companies. Credit cards are the easiest way to get into financial trouble. If you feel you need a credit card, have only one, restrict the use of the card to specific purposes, don’t let the company raise your limit, and make sure the card is paid off, in full, every month.
Finally, use cash whenever possible. Studies have shown that people are more judicious in their spending if they use cash, rather than plastic. Even the use of a debit card can lead you to spend more than you would if you stuck with cash.
Schedule a Free Consultation
If you are dealing with significant debt problems and would like to discuss your options, we can help. Contact us online or call us to schedule a free consultation with one our knowledgeable bankruptcy attorneys. We can help you get the fresh start you deserve and keep you on the path to better financial health.