Oklahoma Bankruptcy HelpHow To Repair Your Credit After Bankruptcy in Oklahoma

Some people are unsure of how to repair their credit after bankruptcy in Oklahoma.

Many misconceptions exist, such as you will never have good credit again. However, this is not true.

FAQ: Credit After Bankruptcy in Oklahoma

First, understand that a Chapter 7 bankruptcy filing impacts your credit rating for 10 years. On the other hand, a Chapter 13 case stays on your credit report for 7 years.

These time frames begin with the date you or your attorney declared bankruptcy in Tulsa.

Once your case is discharged, you can get to the business of repairing your credit after bankruptcy in Oklahoma.

Do not try to establish new accounts until you are certain you are legally allowed to do so. This is especially important if you have chosen a Chapter 13 case.

Ask a qualified Tulsa bankruptcy lawyer for advice if you are uncertain.

Join a Credit Union

A credit union may be willing to extend you a line of credit after bankruptcy in Oklahoma. This will allow you to establish that you are able to reliably make payments once again.

Also, a credit union is likely to give you a better interest rate, which will allow you to make more economical financial decisions.

Get a Credit Card

In addition to getting a line of credit, you may also be able to get a credit card. Like a line of credit, making regular on-time payments will show that you are responsible with handling debt.

Pay Your Bills on Time

Although paying your bills on time doesn’t necessarily increase your credit score, it will prevent it from decreasing. This is because a failure to pay your bills on time may result in your utility, cable and phone companies to report a defaulted payment to the credit agencies.

Free Post-Bankruptcy Analysis: Tulsa Bankruptcy Lawyer

If you need guidance on rebuilding your credit after bankruptcy in Oklahoma, contact a Tulsa bankruptcy attorney at the Freedom Financial Bankruptcy Lawyers of Tulsa as soon as possible. We can discuss your post-bankruptcy options.

To receive your free initial bankruptcy analysis, call the Freedom Financial Bankruptcy Lawyers of Tulsa today at (918) 786-9600.