Repairing Bad Credit in Nashville

Rebuild Your Financial Foundation

If you have bad credit, it can affect almost every area of your life. Being unable to obtain the financial help you need to climb out of an overburdening debt situation is perhaps the most frustrating ramification. You may also have trouble obtaining a car loan or cell phone contract and be charged security deposits for utilities, higher insurance premiums and higher interest rates on your credit cards. Even your applications for jobs and apartments can be adversely affected.

Credit repair is therefore a very important function which can greatly improve your life and financial position. At Cain & Associates, PLLC we can take you through the steps needed to achieve a higher credit score. Credit repair involves challenging inaccurate, misleading or unverifiable information on your credit report in order to improve your credit rating. Unfortunately, there are some credit repair companies which take illegal and ineffective actions in exchange for an unfair amount of money. It is vital that you seek help from an attorney who will address your case legally and correctly in order to keep you safe and helping to bring about an actual improvement for you. Many people live under the misconception that people will have to live as a financial recluse and outcast after filing for bankruptcy but that is simply not true. There can be a thoroughly rewarding life afterbankruptcy if you practice smart spending habits and slowly rebuild your savings.

Steps to take to Improve your Credit After Bankruptcy

Bankruptcy will stay on your credit history report for ten years after you file so there are some steps you should take to actively repair your credit. The first thing you should do is check your credit score and get a copy of your credit report to keep for your records. After filing for bankruptcy if you use your second chance wisely and make informed decisions, you could see a major improvement in your credit score after only 2-4 years. To accomplish this, you must make an active effort to pay all of your bills on time. By proving to creditors that you are a responsible debtor, your credit score will advance in no time. You should also apply for new credit, obtain a secured credit card and begin making timely payments every month and you can slowly build up good credit standing. Once one to two years have gone by after filing for bankruptcy, you can now consider applying for a loan. If you successfully pay off a credit union or bank loan you can build up your credit.

As you rebuild your credit with credit cards, just be sure that you never exceed your credit limit, use them sparingly and always pay the bill on time. If your plan is to contact the credit bureau and dispute items on your credit history, spread out the disputes and don’t try and fix them all at once. By doing so, the credit bureau will them look at you and find it suspicious and frivolous. Lastly, many people believe that after bankruptcy it is best to close out old credit accounts and swear off them altogether. This can actually harm your credit score more than help it. If you have any credit cards open that you do not wish to use or be tempted with, simply cut the card up and throw it away but do not close the account. By closing the account there is not less credit available to you and your score could suffer because of it. We encourage you to be leery of credit repair services. Many of these companies promise to help repair your credit but many are scams. It is very important that you go with a reputable company that you can trust with your finances.

Driven to Produce Results

For service-oriented representation, you can turn to Cain & Associates, PLLC We are driven to produce results and we have helped many individuals improve their credit standing and so experience a much more comfortable and successful financial situation. Our mid-sized boutique law firm provides the resources and personalized attention needed to guide this process so it can be of real benefit to you and your family. We can also conduct an analysis of your personal circumstances to identify other solutions which may be suited to your situation. Our legal team has had unsurpassed results and we have the methods, tools and resources to get you the results you need and deserve. Our firm focuses on long-term results that stand the test of time so our approach will not only help you today but also give you lasting credit improvement for years to come. Trey Cain has been practicing law since 2000 and truly enjoys helping people in need in achieving a brighter financial future. If you are suffering from bad credit, contact Attorney Cain and the legal team from our Nashville firm regarding credit repair today.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
Cain & Associates, PLLC - Nashville Bankruptcy Lawyer
Located at 2874 Elm Hill Pike Nashville, TN 37214. View Map
Phone: (615) 649-5485