Iowa Bankruptcy Iowa Bankruptcy
Iowa Bankruptcy in Des Moines Iowa Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy in Des Moines Iowa: Affordable Attorney Fees Iowa Bankruptcy in Des Moines Iowa: Affordable Attorney Fees
Iowa Bankruptcy in Des Moines Iowa: Free Consultation Iowa Bankruptcy in Des Moines Iowa: Free Consultation
Iowa Personal Bankruptcy Lawyer Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Law Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Filing Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Court Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Information Iowa Bankruptcy in Des Moines Iowa
Iowa Exemptions Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Mistakes Iowa Bankruptcy in Des Moines Iowa
Bankruptcy in Iowa Information Iowa Bankruptcy in Des Moines Iowa
Bankruptcy Attorney in Iowa Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Record Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Attorney Iowa Bankruptcy in Des Moines Iowa
Bankruptcy Law in Iowa Iowa Bankruptcy in Des Moines Iowa
Iowa Bankruptcy Attorneys Iowa Bankruptcy in Des Moines Iowa
Google 5.0 star reviews!
Copyright ©2005
Mathias Law Offices
All rights reserved.
Iowa Bankruptcy Lawyer / Iowa Bankruptcy Attorney • Chapter 7 Bankruptcy in Iowa & Chapter 13 Personal Bankruptcy in Iowa
Bankruptcy in Iowa Bankruptcy in Iowa
bankruptcy questions Bankruptcy in Iowa
iowa bankruptcy questions Bankruptcy in Iowa
iowa bankruptcy fees Bankruptcy in Iowa
Personal Bankruptcy in Iowa Bankruptcy in Iowa
Bankruptcy in Iowa Foreclosure Bankruptcy in Iowa
Bankruptcy in Iowa Credit Repair Bankruptcy in Iowa
Iowa Bankruptcy Guilt Bankruptcy in Iowa
bankruptcy alternatives in Iowa Bankruptcy in Iowa
Iowa Bankruptcy Afterwards Bankruptcy in Iowa
bankruptcy questions Bankruptcy in Iowa
Bankruptcy in Iowa Bankruptcy in Iowa
Bankruptcy in Iowa Bankruptcy in Iowa
Bankruptcy in Iowa Consultation Bankruptcy in Iowa
Bankruptcy in Iowa Bankruptcy in Iowa
Bankruptcy in Iowa Bankruptcy in Iowa
Bankruptcy Lawyer in Iowa Bankruptcy in Iowa
Bankruptcy Lawyer in Iowa Bankruptcy in Iowa

Visit our Des Moines Iowa Bankruptcy Office

Somerfield Village
4800 Mills Civic Pkwy, Suite 218
West Des Moines, IA 50265
Click here for directions 
Call 515.261.7526 to schedule an appointment
-->

Des Moines Iowa Bankruptcy

Will I ever get credit again?

Bankruptcy used to be a sort of “scarlet letter” that kept people from getting credit for years. No more. So many people are filing bankruptcy that banks cannot ignore this market anymore.

Most of our clients are offered credit right away, sometimes even before discharge. We encourage you to live on a cash basis, and use a debit card for reservations and internet purchases, and swear off credit cards.

But if you do plan to borrow for a home, car or other major purchases in the future you should be able to as long as you have a good income/debt ratio. Many of our clients borrow for a home within 1-2 years after bankruptcy.


Credit Tips

  • First, realize that your credit score is not destroyed forever by bankruptcy.  If you have high debt your credit is not that strong now, even if you make on time payments.  Lenders use Universal Default (a provision in your contract) to raise interest rates even on clients who have never missed a payment.
  • Credit scores vary throughout your life based on your credit usage (no credit usage = low credit rating), on-time payments (on-time payments improve your rating), income to debt ratio (high debt = lower score), your income (higher income improves your score) and other factors such as employment stability (longer duration of employment = better credit).

So you can go to work right away to improve your credit score by:

  • Making every payment on time;
  • Keep your income to expense ratio favorable by not taking out a bunch of furniture or other loans, although some clients will take out a small loan after bankruptcy and pay it off on-time or early in an attempt to show creditworthiness after filing;
  • Maintain stable employment;
  • Save a substantial down payment if you intend to purchase a home, by saving money you show lenders that you have the ability to make the new payment;

But in the end we hope you will not go into bankruptcy with then goal of re-establishing your credit so that you can get back into the “buy now, pay later” mentality.  If you can use your bankruptcy to stop using credit cards and use a debit card instead, your life will be much less stressful.  Imagine never receiving a credit card bill again.  You can do it!

 

Click here to make an appointment, Online.

  

 Somerfield Village
4800 Mills Civic Pkwy, Suite 218
West Des Moines, IA 50265
Click here for directions 
515.261.7526
jeff@mathiaslaw.com
Home PageSmall BusinessesBankruptcy Q & A10 Bankruptcy MistakesIowa ExemptionsIowa Bankruptcy GuideDes Moines Bankruptcy Des Moines Iowa DivorceDes Moines Criminal Defense
Mathias Law Offices provides assistance with: Iowa bankruptcy, bankruptcy Iowa, Iowa bankruptcy lawyer, bankruptcy in Iowa, Iowa bankruptcy attorney, bankruptcy lawyer Iowa, Iowa bankruptcy filing, bankruptcy attorney Iowa, bankruptcy lawyer in Iowa, bankruptcy attorney in Iowa, bankruptcy attorney Des Moines IA, bankruptcy attorney des moines Iowa, chapter 7 bankruptcy in Iowa, chapter 13 bankruptcy in Iowa, personal bankruptcy in Iowa, tax attorney Iowa, filing bankruptcy in Iowa, file bankruptcy in Iowa, tax lawyer in Des Moines Iowa, des moines Iowa bankruptcy lawyer, tax attorney Iowa, attorney bankruptcy des moines Iowa, des moines Iowa attorney bankruptcy
Internet services provided by ... IoWeb Publishing, Inc.

Search Marketing by Vested Ventures, Inc.