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Building Your Credit After Bankruptcy

One of the reasons that many people hesitate to file for bankruptcy is that they are worried about what might happen to their financial future. Bankruptcy, however, was designed to be a fresh start rather than a punishment.

Many people are concerned about what a bankruptcy will do to their credit rating. There are certainly tactics that can be employed to improve your credit score:

  • Make a budget and stick to it. Without putting too fine a point on it, overspending is likely part of the reason you fell into debt in the first place. It is crucial to take a careful look at your income and the bills you need to pay each month. Limit your discretionary spending and focus on building a savings account.
  • Build a savings account. Resign yourself to putting a small portion of your paycheck into savings each month. This account can be used for large purchases, emergencies or even a vacation. This way, however, you have a reserve of cash rather than relying on credit cards for large purchases.
  • Use your credit cards wisely. After a bankruptcy, you will likely receive numerous credit card offers. It is wise to select a card and use it wisely. Strategies differ slightly, but you could use this card each month and then either pay all or most of it as soon as the bill comes due. In this manner, you can begin building a beneficial credit history.
  • Get a secured credit card. If you feel uncomfortable using a traditional credit card, you can explore the option of a secured credit card. Typically, these cards act like a checking account - you are only allowed to spend the amount of money you've added to the credit card account.

Using these steps, you can begin building your credit rating following a bankruptcy.

Source: Bankrate, "Life after bankruptcy." Accessed 4/6/15

Awards & Recognition

Our peers and independent third-party organizations have recognized the hard work and dedication we put into every case. This has led to numerous awards and accolades.

  1. Rated By Super Lawyers | Russel D. Nicolet
    Super Lawyers Rising Stars
    Avvo Rating 10.0 Superb | Top Attorney Personal Injury Avvo Rating 10.0 Superb | Top Attorney Bankruptcy
  2. The American Association of Legal Advocates Wisconsin Association for Justice BBB Accredited Business - A+
  3. Minnesota State Bar Association American Bar Association State Bar of Wisconsin
  4. BV Distinguished | Lexis Nexis | Martindale-Hubbell | For Ethical Standards and Legal Ability The National Trial Lawyers

Office Locations

Regional Office Map

Hudson Office
511 2nd Street Suite 203
Hudson, WI 54016

Phone: 715-802-0872
Hudson Office

Superior Office
1507 Tower Ave Suite 210B
Superior, WI 54880

Phone: 715-802-0872
Superior Office

Rice Lake Office
337 N. Main Street
Rice Lake, WI 54868

Toll Free: 800-456-6956
Rice Lake Office

Eau Claire Office
402 Graham Ave, Suite 305
Eau Claire, WI 54701

Eau Claire Office

St. Paul Office
332 Minnesota Street, Suite 3172
St. Paul, MN 55101

Phone: 651-243-2872
St. Paul Office

Amery Office
228 Keller Ave N.
Suite 3A
Amery, WI 54001

Toll Free: 800-456-6956
Amery Office

Nicolet Law Office, S.C. helps people throughout Western Wisconsin and Minnesota including; Hudson, Eau Claire, Superior, Amery, Rice Lake, Chippewa Falls, River Falls, Menomonie, Hayward, New Richmond, Spooner, Bloomer and Barron.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.