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5 Tools to Help Rebuild Your Credit | The Law Offices of Thomas J. Orr

5 Tools to Help Rebuild Your Credit

5 Tools to Help Rebuild Your Credit

You may have a clean slate now that all of your debts have been discharged, but you have to rebuild your credit.

In an earlier blog I shared a list of ways to rebuild your credit rating and avoid future debt problems. Below are five tools to help rebuild your credit after your debts have been discharged.

CreditKarma.com

CreditKarma.com is a must-use tool when you are trying to rebuild your credit. It will allow you to monitor your credit. Unlike other credit monitoring tools, CreditKarma.com has partnered with Google to offer their services for free. Not only do you get the ability to regularly check your credit, you can sign up for alerts for when your credit rating changes and why.

Google Calendar

Choose a calendar and set up payment reminders. Whether you prefer to use Google Calendar, Outlook or iCal, setting up a reminder system will help you pay your bills on time. Paying your bills in a timely matter will help raise your credit score.

NerdWallet.com

NerdWallet is the one-stop-shop for everything you need to know about credit cards. They have a handy tool that will help you find the best credit card for you. Simply answer a few questions and NerdWallet will provide you with a list of secured credit cards that will help you rebuild your credit. CreditKarma also provides a list of secured credit cards that can help rebuild your credit.

Bankrate.com Savings Calculator:

It is a good idea to put some of your income towards a savings account now that you have more money readily available. A good rule of thumb is to deposit 10% of your income into savings. Bankrate.com has a great savings calculator that will help keep you motivated by showing you how much money you will be able to save in the years to come.

Credit Unions

Credit unions are very helpful for rebuilding your credit. They offer low-cost secured loans, free credit counseling and online debt management courses. Credit unions are member-owned, they’re usually eager to help their members improve their scores or establish credit. Here is a list of some great credit unions that anyone can join.

Hopefully the above has given you some tools to help rebuild your credit. There is life after bankruptcy and it starts here. Contact Tom Orr at 609-386-8700 today.

YOU’RE NOT ALONE

Hundreds of thousands of Americans, including consumers and business owners, file for bankruptcy each year. While many think this situation is the result of overspending, most cases are due to financial hardship such as job loss, costly medical bills, divorce, or a poor economy.

EVERYONE DESERVES A FRESH START

I’ve been practicing bankruptcy law in Burlington, New Jersey for over 33 years. With just one location, I can focus exclusively on helping my clients make their way not only through bankruptcy, but well past it. We will work together to explore all of your options and determine if bankruptcy is the right choice for you. The goal is to get you on the path to a new beginning.

SCHEDULE A FREE CONSULTATION

If you’re losing sleep, feeling scared or even embarrassed, let’s talk. There is life after bankruptcy and it starts here. My offices are located in downtown Burlington, near the Riverline train stop. I provide Saturday and evening hours as needed. I offer payment arrangements to fit your budget. Contact my office today at ​​609-386-8700.

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Start your path towards a new financial beginning. Contact our offices today!
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