Completing the bankruptcy process comes with a slew of emotions, including an odd mixture of relief at no longer having to deal with collectors and anxiety at the thought of never receiving credit again. That source of anxiety is nothing but a myth. Always view bankruptcy in the proper light: a means of erasing past mistakes as you build toward a more financially secure future, one that can include credit.
Remember, bankruptcy erases your debts, leaving you with significantly fewer financial obligations. Over time, you will collect offers for credit. Such offers will come with higher interest rates and lower limits, but by making payments on time and paying off balances quickly, those rates will lower and the limits will rise. Create a schedule to facilitate making timely payments.
About the Author
As the owner of the Law Offices of Patrick L. Cordero, PA, Patrick Cordero employs more than 56 employees, all focusing on bankruptcy law.
Remember, bankruptcy erases your debts, leaving you with significantly fewer financial obligations. Over time, you will collect offers for credit. Such offers will come with higher interest rates and lower limits, but by making payments on time and paying off balances quickly, those rates will lower and the limits will rise. Create a schedule to facilitate making timely payments.
About the Author
As the owner of the Law Offices of Patrick L. Cordero, PA, Patrick Cordero employs more than 56 employees, all focusing on bankruptcy law.
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