Credit Card Defense Lawyer Clearwater, FL
Rebuilding Credit after Bankruptcy
Our credit card defense lawyer Clearwater, FL relies on knows that perhaps one of the heaviest things weighing on your mind if you are thinking of filing for bankruptcy is what the future will hold. You will have a number of questions surrounding the process of rebuilding your credit following a bankruptcy. The reality is, this process can take time, but there are steps you can take towards this following the resolution of your bankruptcy. The Law Office of Michael A. Ziegler, P.L. offers Clearwater, Florida credit card defense lawyers with extensive legal experience in working with people who find themselves in financial trouble. Let us help you resolve your outstanding debts through bankruptcy so that you can move forward in rebuilding your credit.
What Is Personal Bankruptcy?
As a credit card defense lawyer can explain, there are two primary forms of personal bankruptcy that people may file for: Chapter 7 (liquidations) or Chapter 13 (reorganizations). Bankruptcy gives a person the opportunity to relieve themselves of the debts they owe creditors when they are no longer able to afford to do so.
For a person to file Chapter 7 they must meet specific criteria. Those filing for Chapter 7 must be able to show that they have been through credit counseling and that their extra income every month is not enough to cover their debts. This is usually sorted out through a means test. In Chapter 7 bankruptcy, the majority of a person’s debts are discharged.
Chapter 13 bankruptcies usually provide a person with a payment plan in order to pay off the majority of their debts. This usually occurs over a three- to five-year span. Once this time has passed, the rest of the person’s debts are usually resolved. Chapter 13 is available to people who have a median income that is higher than that of their state. In these situations, it’s likely that they did not qualify for Chapter 7 due to their income.
Will I Be Destitute After My Bankruptcy Filing?
The purpose of bankruptcy is to give a person a new financial start. People often worry that after bankruptcy they will not be able to afford their basic needs such as food, clothing, and shelter. The idea is not to leave a person homeless and penniless. Bankruptcy is a way of absolving outstanding debts and living a life free from the constant calls you may have been receiving from creditors.
Following bankruptcy, you will begin to rebuild your credit. While the blemish of bankruptcy will remain on your credit report for up to 10 years, it doesn’t mean that you can’t take steps to put yourself in good financial standing:
- Open a checking and savings account
- Pay ALL of your bills on time
- Although the interest rate may be high, apply for a credit card. Use it to make purchases, but never spend beyond your means. Pay this card off every month. This will help build your credit score.
- In some situations, it may make sense to have someone cosign on a loan with you. This can also be a good way to rebuild your credit.
- Keep a close eye on your credit score
- Build up a savings account
Filing for bankruptcy can be a stressful time for you and your family, let us help you resolve your bankruptcy so that you can put this all behind you. Call the Law Office of Michael A. Ziegler, P.L. so that we can help you resolve your bankruptcy. The process can be complicated; by enlisting the services of a credit card defense lawyer Clearwater, FL clients recommend, we can help you to complete the necessary paperwork and advocate for you to ensure that you have the best possible outcome.
Get Our Help Now!
When you have gone into debt and are looking to rebuild your credit, you know you can trust the credit card defense lawyer Clearwater, Florida relies on from The Law Office of Michael A. Ziegler, P.L. Unfortunately, there are many ways that your credit score can be lowered. You may have missed a few credit card payments or you may have had to file for bankruptcy. Whatever your reasons, our credit card defense lawyer team can help you. If you would like to set up a consultation with someone from our office, please call us now.
Why hire a credit card defense lawyer?
An attorney who specializes in credit and credit cards will have the financial background necessary to help you when it comes to fixing your credit or disputing credit card claims. Some common things that credit card defense lawyers do are:
- Speak with creditors on your behalf
- Work with credit card companies to settle your debt or create a new repayment plan
- Examine your credit report and determine if it is accurate or if there are any errors that need to be fixed
- Discuss different options for improving your credit score and maintaining a good credit score
- Represent you when you need to go to court
Why are credit cards so dangerous?
We understand that credit cards are a good way of building credit. However, they can be a temptation for those who may use them improperly and they can be an investment not worth making. They have fine print that no one reads and their interest rates can be incredibly high. It is also extremely common for creditors to harass people who owe them debts.
How can you help me?
When you need legal help regarding credit card debt, call our office. We will represent you if creditors are filing a lawsuit against you and we will be aggressive in the courtroom. It can be incredibly tricky during this time because you likely feel like there is no hope and you have sunk into a hole of debt. However, we want to offer you a helping hand and remind you that there is always a way out. We are here to be that way out for you.
Interested in speaking with us?
If you are experiencing credit card debt and creditors are pursuing you, do not hesitate to reach out to our office now. We are here to help you when you are ready. Call our trusted Clearwater, Florida credit card defense lawyer today!
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Clearwater: (727) 538-4188 | Tampa: (813) 225-3111