One of the reasons people hesitate to file bankruptcy is fear about the impact of bankruptcy on their credit. Paying attention to your credit is a good thing, but it should not keep you from investigating whether bankruptcy is the right option for you.

When considering bankruptcy, people often worry about being able to get credit again. The truth is, your bad debt has probably hurt your credit already. You should be focused on taking care of the debt now so you can move on. You can get credit after bankruptcy, provided you take the right steps to rebuild it.

Repairing your credit in three steps

The first step toward addressing your credit problems is getting out of debt. If you haven’t already, you should talk to a bankruptcy attorney about your options. Ask questions and talk about your concerns. You can work with the attorney on developing a strategy for addressing the debt that is weighing you down.

The second step is to deal with your credit report. Credit reports are not always accurate. You will want to examine your credit report to identify any errors and resolve them.

The third step is rebuilding your credit. It does not have to take a long time, but to do so you need to understand how credit is evaluated and what steps you can do to improve your rating.

Does this sound intimidating? It doesn’t have to be. There are courses available to help people navigate the credit repair process and get you on the road to financial stability.