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Bankruptcy Attorney serving Akron, Canton, Massilin, Dover, New Philidalphia, and throughout Tuscarawas, Summit, and Stark County. 330-409-2876

Sheppard Law Offices


Canton, Ohio Bankruptcy Attorney Kenneth L. Sheppard, Jr.

 Bankruptcy attorney serving central Ohio and the Akron-Canton area and throughout Tuscarawas, Summit and Stark County , Sheppard Law Offices Co., L.P.A. BBB Business Review

FREE Debt Relief & Bankruptcy Consultation

(330) 409-2876  or  (877) 505-9455


FREE Debt Relief Consultation Call (330) 409-2876 or (877) 505-9455

Sheppard Law Offices

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Rebuilding Credit After Filing Bankruptcy



Re-Establishing My Credit After Filing Bankruptcy in Ohio


After you have filed for chapter 7 or chapter 13 bankruptcy protection, you can expect your credit score to significantly drop in all three major credit bureaus. However, this may not be a very dramatic change if your credit score has already been falling due to late and missed payments on credit cards, and other debts. Most significantly is the fact that you are taking the first steps toward rebuilding your credit by ending the vicious cycle of debt by filing for a fresh start under chapter 7 bankruptcy protection or for chapter 13 bankruptcy debt re-organization. It is likely that you will find it easier to begin the credit rebuilding process since your bankruptcy will have freed you from much or all of the debt that has been causing your financial troubles.


Credit cards, car loans, mortgages and other credit

You may be surprised that it is not very difficult to obtain a credit card once your bankruptcy has been discharged. One drawback is that you will probably have to pay a higher interest rate or put down a deposit with the credit card issuer, or both. You will also find that car financing is also available, both after the discharge of a chapter 7 or 13 bankruptcy. Car financing can be available during the repayment period of a chapter 13 bankruptcy if permission is granted by the bankruptcy trustee. Home mortgages may also be obtained those who have filed for bankruptcy. While there is no standard waiting period to apply for a new mortgage. However, most people who have filed bankruptcy will wait for 2 years or longer after the discharge due to terms of mortgage agreements including higher interest rates that are likely to be faced prior to that period. Generally, credit is available after the discharge of a bankruptcy, however the terms may not be as favorable until your credit is rebuilt, therefore proving to lenders that you are a responsible borrower.


Rebuilding Credit after discharge of a bankruptcy

There are several steps that may be taken to rebuild your credit and re-establish your credit score after filing for bankruptcy in Ohio. The most important step it to keep current on all of your bills and debts. It is also suggested that you order a copy of your credit report from each of the three major credit bureaus Equifax, Experian, and TransUnion. You can visit to obtain a free copy from all three annually, or request your credit report through numerous other fee based credit monitoring services. When the report arrives, we suggest that you verify that all of the creditors included in your bankruptcy are listed as such; that there are no accounts that are not yours; and that accounts show the correct “open” or “closed” status.


With the first step of paying all bills on time in mind, you can begin to re-establish credit. This can begin by applying for credit cards, vehicle loans, or through other retail credit offerings. It is important to note that you will be limited on the types of cards or other credit that you can get approved for, so you will want to research available offerings for rebuilding or starting new credit prior to applying.


Once you have received a credit card or other line of credit, use it sparingly, but do use it. And of course, make sure to make the payments on time and on schedule. If you buy a car with a loan, again it is most important to make the payments on time. As you credit begins to re-establish with regular on-time payments, your credit score will rise. While both the chapter 7 bankruptcy and chapter 13 bankruptcy will appear on the credit bureaus for up to 10 years after discharge, your credit score and purchasing power will grow.


At your free initial consultation with an Akron-Canton Ohio bankruptcy attorney at Sheppard Law Offices, you will have the opportunity to discuss in more detail the effect you can anticipate a bankruptcy to have on your individual credit and how to begin the rebuilding process. Take the first step to financial recovery and call us at (330) 409-2876 to speak with a bankruptcy attorney today.


Tax Relief, Debt Relief, and Bankruptcy Filing office in Canton, Ohio

Sheppard Law Offices

Canton, Ohio Office

Belden Village Tower, 200

Canton, Ohio 44718

Tel: (330) 409-2876

Columbus Ohio Office

2600 Tiller Lane, Suite A

Columbus, Ohio 43231

Tel: (614) 523-3106

Newark, Ohio Office

843 N. 21st Street, Suite 108

Newark, Ohio 43055

Tel: (740) 345-7138

Mt. Vernon, Ohio Office

11 West Gambier Street

Mt. Vernon, Ohio 43050

Tel: (740) 392-0404

We are a debt relief agency. We help people file for protection under the U.S. Bankruptcy Code.

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Sheppard Law Offices, LPA is conveniently located and serving chapter 7 and chapter 13 bankruptcy clients in Canton, Ohio. Our office is a short drive from throughout Stark, Tuscarawas, and Summit Counties. We regularly provide debt relief solutions to clients from Akron, Canton, North Canton, Massillon, Dover, New Philadelphia, Alliance, Navarre, Strasburg, Ballivor, Jackson Township, Canal Fulton, Barberton, Greenlawn, Medina, Wooster, Orrville, Dalton, Minerva, Ashland, Wadsworth, Carrollton, Dundee, Millersburg, Hartville, Doylestown, Green, Uniontown, Salem, Columbiana, Uniontown, and throughout Ohio.