Building up credit after a NJ bankruptcy

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Building up credit after a NJ bankruptcy

When an individual is considering filing for bankruptcy in New Jersey, one of the major concerns that they have is in regards to what will happen to their credit afterward. Of course, this is a completely valid concern but the truth is, bankruptcy is really not a lifelong sentence for bad credit. Yes, a bankruptcy will remain on an individual’s credit report for several years but this does not mean that they can’t build up their credit score again.

There are a number of different ways that an individual can build up their credit score after bankruptcy. Once the bankruptcy proceedings are complete, the individual should get a new credit card as soon as possible. It is incredibly important to make sure the credit card is handled responsibly after a bankruptcy. The individual should be sure to only put small payments, such as gas or groceries, on it and make sure it is paid in full and on time each month. If these credit cards bills are paid fully each month, the individual will be able to build up their credit relatively quickly.

If you are struggling financially and are thinking about bankruptcy, contact our firm today to discuss your options.

Juan C. Velasco, Esq. is a trusted attorney who concentrates on bankruptcy, family law, real estate, and estate matters who has been serving the New Jersey area for over 25 years. If you are in need of experienced legal counsel, please contact Velasco Law Office and we will be happy to assist you. 

About the Firm

Juan Velasco, Esq. has over 25 years of experience passionately practicing law. Juan Velasco provides legal counsel to individuals, corporations, and institutions concerning substantial legal and financial matters.

Velasco represents clients in formal and legal proceedings, including negotiations to ensure amicable settlements that benefit their needs. He has over 2 decades advising clients concerning legal options available in complicated transactions. Mr. Velasco has drafted countless contracts and supporting documents for his New Jersey clients. He responds to inquiries, assisting clients in determining the most favorable position. He also provides legal guidance concerning appropriate business actions.


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1870 Route 27 – Suite 202
Edison, New Jersey 08817

Our offices are conveniently location on Route 27 in Edison, New Jersey, Attorney Velasco is ready to actively protect your interests. If you are in need of a passionate and effective lawyer, contact Velasco Law Office.

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