A bankruptcy law firm in Kailua-Kona, HI, helps its clients make a fresh start by eliminating their debt through a federally approved program. No longer having this debt is a major relief, but people still may have difficulty with the prospect of starting over financially. Their credit rating is poor, and they essentially are broke.

Steps to Move Forward

When it feels like everything has fallen apart, the person may feel depressed and embarrassed, as well as guilty about defaulting on financial obligations. Specific steps can help rebuild financial stability for a more successful future. Seeking help from a bankruptcy law firm in Kailua-Kona, HI, was an initial step, and now it’s time to move forward.

Raising the Credit Score

Raising the credit score can be accomplished with a secured loan or credit card. The individual deposits a certain amount into the account and the financial institution provides the loan or a card. Now this person can make timely payments each month and watch the credit score gradually rise. It may take a couple of years before that rating reaches good or even fair, but the progress will be rewarding.

Learning to Budget

A disciplined budget is crucial for someone who needed to file bankruptcy because of irresponsible spending. The program requires participants to complete a course in personal financial management that provides guidelines on the responsible use of money and credit. Details of this requirement will be explained when the person becomes a client of Goodsill Anderson Quinn & Stifel, which can be learned about at https://www.goodsill.com/.