Steps to Rebuilding Credit after Chapter 13 Bankruptcy in Dallas, TX

Chapter 13 Bankruptcy Dallas TXFiling for Chapter 13 bankruptcy can be a scary chapter in anyone’s life. While the situation may feel out of your control, there are things you can do to rebuild your credit and restore financial health. Keeping your house and your assets are within your reach with the help of Collins & Arnove, your partners with chapter 13 bankruptcy in Dallas, TX. There are steps you can take today to work towards a better financial future.

  1. Give yourself a time frame. Bankruptcies may only show up on your credit for up to 10 years, and chapter 13 cases usually do not last that long (they may last around five years). Start working on improving your credit with the goal that, by the time your bankruptcy is wiped from your slate, you are in a better place than when first filed for bankruptcy. Having a goal as a reminder will help you in making decisions that will benefit you in the long run.
  2. Check your credit reports often. Sometimes, errors that are not your fault can occur on your credit report. Checking to make sure everything looks correct will help you in understanding your score and making sure you are not losing points for reasons that are not your fault. Working with a personal bankruptcy lawyer in Dallas, TX can save you money and hassle when it comes to looking over your reports.
  3. Learn how spending affects your credit. No matter what situation occurred, filing for Chapter 13 bankruptcy means that you should handle your credit score with care. Buying with the intention of improving your score can help you slowly work your way back up to financial ease. Use a credit card and make sure you can, and do, pay the full balance each month on time. Knowing the interest rates of the cards you do have can help you identify which cards to use and which ones to either get rid of or save for emergencies only.
  4. Stay out of debt. This may seem like an obvious point, but it is crucial not to get in over your head financially after dealing with bankruptcy. Spending money on a new phone or a weekend trip may seem like a small reward, but keeping your credit card provider or bank from having to deal with further debt can make your life that much simpler. Having a personal bankruptcy lawyer in the Dallas, TX area can help you stay on track with a budget plan and offer further financial advice.

While filing for bankruptcy may seem like hitting rock bottom, there are steps you can take to climb up and stand on financially solid ground again. No matter your situation, though, no one should go through it alone. For help and reassurance, talk to Collins & Arnove, your partners when it comes to chapter 13 bankruptcy in Dallas, TX. Give them a call at 972-516-4255 or visit their website at

Collins & Arnove | Chapter 13 Bankruptcy Dallas TX | 972-516-4255