Restoring Your Credit in Ohio
Consult a Willoughby Bankruptcy Attorney
Rebuilding your credit score after financial difficulties or
bankruptcy can be confusing and often overwhelming. Where do you start? What steps
should you take? How can you be sure you’re taking the right steps
to rebuild your credit score to where it needs to be? All of these are
valid questions that deserve to be answered by a knowledgeable professional.
The debt relief lawyers at
Axelrod Law Office are here to help you through this process! For more than 10 years, our
legal team has guided clients toward the best means of restoring their
credit. Give us a call today at (440) 926-6639 for a free consultation
with a helpful lawyer in Willoughby. We can help you be confident in your
financial course of action.
The Best Ways to Restore Your Credit
Eliminate Your Debt – Whether you pay it all off or file for bankruptcy, eliminating
your debt allows you to start over from scratch. Once your debt is gone,
you no longer have to focus on paying your credit card bills on time or
paying off your debts. Instead, you can focus on building credit score.
Follow a Budget – This may seem like a given, but following a budget really is a
vital means of rebuilding your credit. By sticking to a strict budget,
you can avoid racking up more debt or missing due dates for rent, car
payments, utilities, and other bills, which can lower your credit score.
Pay Your Bills on Time – Late payments hurt your credit score, while making your payments
on time—especially if you do so consistently for an extended time
period—will improve your credit score from month to month.
Use a Secured Credit Card – Follow this tip with extreme caution! Having and using a credit card
wisely can actually build your credit score; however, if you abuse your credit
card and rack up excessive debt, then you’ll end up back at square
one. Instead, find a secured credit card with a low credit limit and be
sure to pay it off every month, or at least keep your balance very low.
By showing the credit companies that you can have credit and use it responsibly,
your credit score will go up.
Seek Credit Counseling – Get professional guidance from a certified credit counseling agency.
The government often requires individuals to do this before they can file
bankruptcy, but the option is available to anyone. With a helpful professional
guiding you and keeping you accountable, you may be able to get your finances
in order, your debt lowered, and your credit score improved.
Need Advice? Consult a Debt Relief Lawyer in Willoughby, OH!
Axelrod Law Office can answer your questions and help you understand every
option so that you can make the best decision for your situation. We offer
a free initial consultation, so you have nothing to lose by picking up
the phone and giving us a call or by filling out our online case evaluation
request form. We look forward to speaking with you!