How to Rebuild Your Credit After Filing For Bankruptcy

Bankruptcy lawyers in Seattle can help advise debtors on whether they should file for bankruptcy. A bankruptcy attorney can also advise you on the difference between filing for chapter 7 bankruptcy, chapter 13 bankruptcy as well as debt settlement.  Prior to filing bankruptcy, a debtor may receive letters from credit card companies telling them that they have been pre-approved for a credit card despite the debtor having terrible credit. Credit card companies prey on these debtors so that they may charge very high interest rates and plunge a debtor further into debt.

If you are a debtor considering filing bankruptcy, you should wait until after filing bankruptcy to sign up for new credit cards. This is because all of your pre-petition credit card accounts are likely to be shut down and closed. By signing up for credit cards after filing bankruptcy, it allows you to re-build your credit and start fresh. The key is to make sure that you are able to pay off your credit cards every month, as your new credit cards may be at a higher interest rate than before. Not paying off your new credit card could be devastating  as interest rates can compound very quickly.  Because credit card companies know that you cannot file for chapter 7 bankruptcy for eight years from your original filing date, they are more than willing to extend a post bankruptcy debtor credit.

If you decide that you do not wish to receive promotional marketing or pre-approved credit card offers from credit card companies, then all you need to do is call 1-888-567-8688 and provide some information into an automated system. Once you have completed the phone questionnaire, you will be be able to protect yourself for two (2) years.. You may want to consider taking this action if bankruptcy is not going to be an option for you moving forward and you do not want to be harassed or recieve information from credit card companies.

If you have additional questions please visit our Seattle Bankruptcy Attorneys homepage to speak to a Washington state bankruptcy lawyer

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