How to rebuild credit after a bankruptcy filing | Milwaukee, WI

BREAKING NEWS:   U.S. Department of Justice announces new rules to discharging federal student loans. Find out if you qualify TODAY!

Milwaukee 414-250-7880         Madison 608-465-4594         Green Bay 920-626-3125

Serving all of Wisconsin
Toll-free 866-906-5634  Milwaukee  414-250-7880     Madison  608-465-4594     Green Bay 920-626-3125

Our 3 Step Process

Step 1:
Get Out Of Debt

Step 2:
Clean Up Your Credit

Step 3:
Build Your Score

Home 9 Credit Card Debt 9 How to rebuild credit after a bankruptcy filing

How to rebuild credit after a bankruptcy filing

by | Jul 31, 2014 | Credit Card Debt

Some Wisconsin residents are reluctant to file for bankruptcy protection because they are afraid that it will permanently affect their credit scores. However, by taking the right steps, it’s possible to rebuild credit after filing for bankruptcy.  

Earlier this month, a USA TODAY article provided some great tips for doing this, according to a spokesperson for the National Foundation for Credit Counseling. The first step, the spokesperson said, is to get back on track financially, which means paying off debts and sticking to a budget. 

It also means obtaining a free credit report (perhaps from and checking for inaccuracies. Finally, it’s important to get familiar with how credit reporting works so that you can keep a close eye on your credit score in the coming years.

Once you are ready to start building credit again, the spokesperson said to look for the best offers for your situation. A small personal loan from a credit union can help you build your credit score, though it might require a co-signer.

Another option is to find a credit card for your situation, the spokesperson suggested. provides information on different banks that offer credit cards to people without good credit. Until you have built up your credit, a secured card may be the best bet.

Once you have made consistent payments on your credit accounts over a period of time, you will notice that your credit score has improved. It won’t be long before you are able to qualify for an unsecured credit card, an auto loan or a mortgage.

Of course, it’s still extremely important to exercise caution when it comes to credit accounts as there is a limit on the number of times a person can file for bankruptcy, and we all know how easy debt can spiral out of control. 

Source: USA TODAY, “Personal Finance: Re-establish credit after bankruptcy,” Robert Powell, July 3, 2014


Complete this form to receive your FREE copy of Attorney Miller’s book, Back On Track – How Bankruptcy can Revert the Financial Impact of COVID-19. Order today to begin your personal journey toward true financial freedom.

Sidebar (Book Request)