Many people who are considering bankruptcy are in dire financial situations. You might have late payments, defaults, collection accounts, and more, most of which will be reported to your credit. While your bankruptcy case can help immensely, it will also be reported to your credit that you filed for bankruptcy. This, however, does not mean you can never obtain credit again, as there are several ways that people can rebuild credit following a bankruptcy case. A California bankruptcy attorney from Miranda, Magden & Miranda, LLP, can guide you through your case and provide information about how to proceed afterward.
You will still have bills and other accounts after bankruptcy, and it is critical that you stay on top of them. A bankruptcy stays on your credit for seven to ten years, but every current payment helps to improve your credit, as does preventing late payment reports.
If you can, it can help to avoid jumping from one job to another and keep stable employment as much as possible. While this will not affect your credit score, lenders might be more likely to extend credit to people with a reliable income.
You should not expect to get credit cards and a mortgage right out of the gate after a bankruptcy. However, this does not mean you cannot get any credit at all. Having the right type of credit line can improve your credit faster, so it is important to know the right type of applications to submit. These might include:
If you need to get a different type of credit, you can try to find a cosigner with strong credit who might sign with you.
You should not submit too many applications for new credit, though, as each application will result in a hard inquiry on your credit report. Too many inquiries will lower your score instead of helping it.
Make sure you keep your balances low on any new credit cars or revolving accounts. Having a high utilization of your available credit will quickly lower your score. For example, if you receive a retail card with a $500 limit, and you have a $300 balance, it can lower your score because you are over 50 percent of utilization, even though your balance is relatively low.
Also, not all creditors will report secured credit cards or other on-time payments to the credit bureaus. You can request that the company report your payments to all three credit bureaus, and this can include rent, cell phone bills, and more.
This law firm made sure they got every single detail to my case. You could tell they truly care about their clients and doing everything they can to win your case. Truly professional and caring people!
Patricia has been so helpful and provided excellent service. My husband and I are so grateful for all the help she has provided to help me immigrate to the United States. We really could not have gotten through it without her help. A big thank you to Patricia\'s assistant, Ingrid as well for always being prompt with responses and helping us get all the paperwork ready at each stage. I highly recommend Patricia for anyone who needs immigration help.
Thank you Miranda and team for the excellent service provided. Miranda is a compassionate, understating, extremely knowledgeable and professional attorney. Her team was always on top of everything making my legal process less stressful. I could never thank Miranda and her assistant Ingrid for holding my hand throughout this difficult process (literally). Miranda is one of the BEST immigration lawyers ever! I would definitely recommend her.
They represented my custody case and handled it like it is their own case and they are best in Monterey County.
The entire team at MMM are superstars! I appreciate all the time and prep that went into my original case many years ago. And now recently, I asked for some help on a follow-up custody matter that I felt I could handle myself but just needed their expertise to properly represent all the important details. They are knowledgeable, extremely thorough, and prepared me for every possible scenario. I can't thank them enough!
My partner and I sought legal advice on bringing my fiance' to the United States with this office after having called a few immigration attorney offices around Monterey County. Having never sought legal advice before it was a refreshing experience in which we both really felt that Patricia listened intently to our goals and needs, and then not only gave us thorough advice, but also she really showed a lot of empathy with our situation and all the challenges we faced in what we trying to do. I would definitely recommend this office for anyone who is unclear about what..
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