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Many people are reluctant to file for bankruptcy protection for fear of damaging their credit score. While it is true that a bankruptcy filing will cause your credit score to take a hit, prolonging your debt struggles can often make things worse.

It’s possible to rebuild your credit after a bankruptcy filing. You shouldn’t let your reluctance get in the way of pursuing the debt relief you need.

Taking decisive action can give you a leg up

If you file for bankruptcy while your credit is still relatively good, you can better absorb the hit to your credit score. If you are already behind on your credit payments and other bills, your credit score is going to continue to fall. While it is never too late to seek bankruptcy protection, early action can often help you rebuild your score faster.

Take it slow

Decisive action may be preferable when you are struggling with debt. However, you should not be quick to jump back into credit-based financial waters. If you still have a credit card account open after filing for bankruptcy, make small charges each month that you know you will be able to pay off.

Explore secured credit card options

A secured line of credit is tied to your bank account. This will prevent you from spending more than you have. Using a secured credit card can help you better manage your money and provide you with the tools you need to keep up on your payments when you decide to seek an unsecured credit card.

Make sure you’re ready for a credit card

In time, you will be able to apply for an unsecured credit card. The card will likely come with a high-interest rate. That’s why it’s important only to make charges that you know you will be able to pay in full. Making on-time payments, in full, is an effective way for anyone to boost their credit score quickly.

Don’t let fear hold you back from debt relief

Credit scores are important, but they are not the only thing that matters in the world. You shouldn’t have to suffer from the stress of overwhelming debt because you are concerned about the impact on your credit score. Debt relief options are available, and you can rebuild your credit score over time.