As Ohio bankruptcy attorneys, we know all about the myths following a bankruptcy filing. One of which is how long it takes to build and maintain a better score after you file for Chapter 7 or Chapter 13 bankruptcy. The Jones Law Firm is here to help you monitor your credit after bankruptcy.
Many people think that filing for bankruptcy is the immediate fix all to their financial problems. However, it’s important to remember that there is a timeline for credit rebuilding as the bankruptcy filing stays on your record.
For Chapter 7 and Chapter 13 filings, your bankruptcy will stay on your credit report for up to 10 years. The more time that passes, the less the bankruptcy filing impacts your credit report as well as the more you pay on your debts, the better your credit score will become. In a Chapter 13 filing, as soon as you begin payments you may see minor changes in your score, even though the filing remains on your credit history for the 10 years.
Monitoring your credit after bankruptcy may seem like a challenge, but it doesn’t have to be. Take a look at how you can rebuild and monitor your credit following an Ohio bankruptcy filing.
There are many ways you can rebuild your credit while also monitoring your current credit history after bankruptcy. And if you have questions about your credit score, go to the professionals–The Jones Law Firm.
Rebuilding your credit after bankruptcy may seem complicated. But it doesn’t have to be. Contact The Jones Law Firm today to discuss your Ohio bankruptcy options. Your financial future begins today.
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The Jones Law Firm, LLC is considered a debt relief agency by federal law. The firm helps people file for bankruptcy relief under the Bankruptcy Code.
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