The Law Offices of Paolo M. Newman, PLLC

Charlotte's Bankruptcy Attorney | 428 E 4th Street, Suite 404 Charlotte, NC 28202

In most cases, filing a bankruptcy can help your credit. When you file a bankruptcy, you start the credit building process all over again. Any of the negative items currently on your credit will no longer be able to hold you back. Within two to three years, you can have good credit again.

5 Steps to rebuilding your credit: 

1. File for bankruptcy.  Call us today for a free, confidential consultation.

2. Wait 45 days after filing. Go to and pull your credit report. Ensure all your creditors are reporting your accounts in bankruptcy.

3. Following the closing of your bankruptcy case, borrow a small sum of money from a lender and pay if off on time.

4. After 24 months (two years) of repayment, your score is commonly between 650 to 700. (Scores range from 300 to 850 and are used to predict how likely you are to pay your bills on time. The higher the score the better off you are.)

5. Check your credit report every year on
Your right to one (1) free credit report per year is mandated under the Fair and Accurate Credit Transaction Act of 2003. Unlike the credit report, information about your credit score is not free (but it is important). Your score can affect many things, including your ability to get loans, your insurance premiums, and even your employment. It's a good idea to pay the modest additional fee to get your score and ensure you have maintained a good rating. You can use your credit report to correct errors, identify fraud, and to safeguard against the threat of identity theft.

Disclaimer: This site is for general informational purposes only and does not create an attorney-client relationship with you. The information contained at this site is not, nor is it intended to be, legal advice. Some of the information on this site may be or may become out of date due to changes in the law and other factors. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and email. However, contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

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