Bankruptcy Services in Huntsville, AL
A monthly or even a weekly chart can help get you into the habit of spending wisely. Often when making a budget, specific areas will become apparent where adjustments can and should be made. This chart will be able to show you where you spend high or low each month so that you can anticipate the next month. You can get an idea of a chart for your home from resources at the local library or you can download them from the internet.
Get a free copy of your credit report. Credit reports often differ from one another, as different companies may not report all details to every bureau. Through the Fair Credit Reporting Act (FCRA), each consumer reporting company: Equifax, Experian, and TransUnion, provide a free copy of your credit report once a year. To get your free credit report, visit www.annualcreditreport.com. Once you enter your verification information, be ready to print out your report or write it down, as you only get one free look a year.
There are several ways you can improve your credit through healthy credit practices.
- Keep an eye on your credit report and dispute any inaccuracies.
- Pay your ongoing monthly bills on time.
- Don’t open several new accounts too quickly.
- If you open a credit card, use the card responsibly.
- Keep your balances low.
- Pay off accounts rather than moving it around.
- Don’t close unused credit cards.
Rebuilding your credit can take time whether you have filed bankruptcy or not. Create a plan to improve your credit. Payment history is very influential in determining your credit. Pay your bills on time as agreed each month. Remember to dispute any inaccurate information with each of the three credit bureaus. After your bankruptcy discharge, I recommend reviewing your credit report every year to make sure creditors do not re-report discharged debts.
The Law Offices of Joseph Pleva offer materials to help you rebuild after bankruptcy. We provide our clients with “Starting Over” Dave Ramsey’s Post Bankruptcy Survival Guide and free tuition for Financial Peace University online ($99 value). These tools will help you to take advantage of your fresh start to further improve your financial situation.