Suppose you have been bankrupt recently. What are your feelings now? Are you feeling empty or finished? Is it like a complete stop in your financial life to you? Dear Florida residents, it’s just the beginning of rebuilding your strong economic stability. However, to achieve this, you must follow the steps we are about to share with you here. The Great American Credit Repair is always with you as your guide to bring back your financial freedom and the delicacy of your credit card. In this guide, you will be provided a step-by-step recovery plan to repair your credit in Florida after bankruptcy. Let’s review the steps.
Step 1: Reviewing Credit Report
After bankruptcy, the common fact in your credit report is “several errors”. Check these errors carefully. It can include unpaid debts (paid debts may sometimes be listed as unpaid), duplicate accounts, incorrect balances, and other errors. The ways you need to review your credit reports are-
- Download a free report from three major bureaus: Equifax, Experian, and TransUnion.
- Identify inaccuracies
- Dispute errors online or with the credit bureaus with the necessary documents.
- Regularly check credit report
Step 2: Becoming a New Authorized Credit Card User
Apply for a new secured credit card just after disputing errors. Apply for the card that requires cash deposit.
For becoming an authorized user show someone else’s a responsible credit card that has good credit history.
Consider a credit builder loan to make a good credit history.
Step 3: Smart Financial Maintenance
- Prioritise the timely payment issue. It makes up 35% of your credit Score.
- Try to keep your debt amount according to your payment capability.
- Build a personal emergency fund to avoid financial crisis or necessity of high interest loans in future.
- Don’t use your credit more than 30% of its available limit.
Step 4: Strategic Actions to be Safe in Future
- Be aware of Scammer credit repair companies who make fake promises or offer unrealistic guarantees.
- You can contact a lawyer to understand the bankruptcy policies.
- If you find it difficult to do it by yourself, hire an authentic credit repair company
- Don’t open new accounts within a short period of time.
Step 5: Know the Laws and Regulations in Florida relevant to Credit Repair Process
- Know the bankruptcy law of Florida. These laws vary from state to state in America.
- Find out when you will be legally eligible to get home loans.
Step 6: Hire a Credit Repair Expert
Recovering after bankruptcy is not so easy. It’s challenging. It would be greatly appreciated if you could do the recovery by yourself. But if you don’t know the procedure perfectly, it might have severe negative impacts on your credit history. Don’t be afraid. We the Great American Credit Repair are here to help Florida residents. We can-
- remove inaccurate items
- rebuild your credit scores efficiently
- navigate complex post-bankruptcy issues
- convince the creditors to get a comfortable payment plan if you have past debts
- help to grow a good credit habits
- create customized recovery plans based on your unique credit report and goals