Your credit score and availability to get credit can impact your lifestyle. One common concern people have regarding bankruptcy is how filing will affect their credit score. The Law Offices Of William Pegg, PC believes in helping individuals before, during and after bankruptcy. When you work with him, you will have an advocate who helps you take measures to address your credit score and how to properly utilize your credit options moving forward.
For most, there is a much better financial future after filing for bankruptcy. Bankruptcy will discharge most of your debts, and you will appear debt free. While it may be easy to obtain credit, you will want to be careful with your credit usage.
Sometimes, filing for bankruptcy is the best option for your financial situation. If you do file for bankruptcy, your struggle isn't over. You want to seize the opportunity to get your footing back. Filing for bankruptcy has an impact on your credit score. A Chapter 7 bankruptcy can remain on your report for 10 years, while Chapter 13 may remain on your report for seven years. Those numbers can feel daunting, but you should not give up. You can recover.
Bankruptcy typically impacts your credit score in the following ways:
William L. Pegg Jr. Attorney at Law works with his clients after their bankruptcy has concluded because he believes in truly helping you understand how to create a more stable financial future. If you filed for bankruptcy, or are considering debt relief through bankruptcy, contact him today. Call 973-219-6796 to see what steps you can take to rebuild your credit score and properly utilize your credit options moving forward. Located in Morristown, Mr. Pegg serves individuals throughout all of northern and central New Jersey.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.