Rebuilding Your Credit After Bankruptcy

The fact that you filed a bankruptcy will be reflected on your credit report for 10 years. However, if you have a lot of debt and are behind on it, then your credit probably isn’t very good anyway.  Late payments and unpaid debt will stay on your credit report for 7 years.

Filing bankruptcy does not necessarily mean you won’t be able to obtain credit during the next 10 years.  Many companies will lend to people who have filed for bankruptcy, but they may charge you a higher interest rate than if you had not.

You may also receive an offer for a “secured” credit card.  A secured credit card is a great way to start over.  This is one of the few types of credit cards that can be easy to get if you have been through bankruptcy.  In most cases, a secured credit card is available as soon as your bankruptcy is completed.  After you place a security deposit with the issuer, you will get a credit card you can use just like any other credit card.

Make sure to choose a card that reports your payment history each month to all three major credit reporting agencies.  Be sure to make your payments on time; one late payment can cause your credit score to drop significantly.  Keep your credit card balance low, avoid charging up to the credit card limit, and try to pay off your balance as soon as you can.


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Arcadia Office
150 N. Santa Anita Ave,
Suite 200
Arcadia, CA 91006
Phone: (626) 446-6442
Fax: (626)-446-6454


Beverly Hills Office
9465 Wilshire Blvd.
Suite 300
Beverly Hills, CA 90212
Phone: (310)-880-5733


La Mirada Office
Cerritos Towne Center
17777 Center Court Drive ,
Suite 600
Cerritos, California, 90703
Phone: 888-888-6542


Los Angeles Office
Gas Company Tower
555 West Fifth Street,
31st Floor
Los Angeles, California, 90013
Phone: (213)-400-4132


Long Beach Office
Landmark Square
111 West Ocean Blvd.,
Suite 400
Long beach, California, 90802


Irvine Office
Oracle Tower
17901 Von Karman Avenue,
Suite 600
Irvine, California, 92614
Phone: (949)-203-3971
Fax: (949)-203-3972


Ontario Office
Lakeshore Center
3281 E. Guasti Road,
7th Floor
City of Ontario, California, 91761
Phone:(909)-996-5644


Riverside Office
Turner Riverwalk
11801 Pierce Street,
Suite 200
Riverside, California, 92505
Phone: (909)-996-5644


San Diego
Emerald Plaza
402 West Broadway,
Suite #400
San Diego, California, 92101
Phone: (619)-885-2070


Aliso Viejo
Ladera Corporate Terrace
999 Corporate Drive,
Suite 100
Ladera Ranch, California, 92694
Phone: (714) 721-3822


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