Serving the Mobile, Alabama Area

William J. Casey
Attorney at Law, P.C.

 3208 Cottage Hill Road, Mobile, AL 36606

Post Bankruptcy

After you receive your discharge you will want to start to rebuild your credit. Below are some general rules that should help you rebuild your credit.

1. Get a credit report about six months later to make sure the creditors that should be discharged are listed as discharged. Make sure the information on the credit report is correct.
2. Be careful just because someone is willing to give you credit doesn’t mean you should take it.
3. Avoid car title loans.
4. Avoid pay day loans
5. Avoid cash advances on credit cards
6. Be careful with banks, banks make a lot of money on over draft fees.
7. Pay your bills on time.
8. Avoid high interest rate credit cards and car loans. Interest can build up over time and overwhelm you, it can get bigger and bigger (like a snowball).
9. You will generally be able to start getting credit about six months after you are discharged. It generally takes about two years to qualify to buy a house.
10. Be very careful who you co-sign for. When you co-sign you are just as responsible for the debt as they are.

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