In conclusion to our three-part blog 6 Steps to Improving Your Credit after Bankruptcy, here are some final things that you can do when you are ready to start boosting your credit after a bankruptcy case.
Step 5: Try relying on cash (instead of credit) for your daily spending needs.
Many people rely exclusively on their credit cards to pay for things they need on a day-to-day basis (like, for example, gas for their car or meals). When you are trying to limit your expenditures on credit cards, however, leaving these cards at home and only using cash for your day-to-day purchases can be extremely effective when it comes to:
- Limiting the purchases you make on credit
- Staying within a certain budget
- Reducing your overall spending (as financial experts have found that people who use cash instead of credit are generally more attentive to how much they spend and, consequently, they tend to be more critical of the types of purchases they make).
Step 6: Regularly check your credit report.
Making it a habit to thoroughly check your credit report every six months to every year is a good financial practice to get into. While this habit can be crucial to identifying when you may have been the victim of identity theft, it can also be essential to determining when mistakes on your credit report may be impacting your credit. For instance, debt that should have been discharged through your bankruptcy case may still be listed on your credit report.
When this happens, making the extra effort to get these mistakes fixed can only improve your credit and your financial standing in general.
Denver Bankruptcy Lawyer at Lindquist-Kleissler & Company, LLC
If you are buried in overwhelming debt or are facing a serious financial crisis, Denver Bankruptcy Lawyer Arthur Lindquist-Kleissler can help you figure out your best options for resolving your financial issues.
For more than 34 years, Mr. Lindquist-Kleissler and the other legal professionals at Lindquist-Kleissler & Company, LLC have been providing both individuals and businesses with the highest quality of legal services when it comes to debt relief and bankruptcy. From simple to complex bankruptcy cases, Mr. Lindquist-Kleissler can always be trusted to maximize utilization of Colorado Bankruptcy Law to effectively guide his clients through bankruptcy and help them achieve the best possible outcomes to their cases.
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For a free 30-minute consult and a free bankruptcy packet, contact us by calling (303) 691-9774, or email us using the form on this page. You will pay nothing up front to obtain trusted, professional advice regarding your case and your options.
From our office in Denver, Arthur Lindquist-Kleissler represents clients throughout the Great Denver Metropolitan area and Colorado, including (but not limited to) Aurora and Arapahoe County.