Credit Repair After Bankruptcy   by Scott Brown

You've asked yourself the question many times, "Will I ever get credit again?" The answer, although seemingly complex, is quite simple: Yes. You can have another chance at re-establishing your credit. Filing bankruptcy is the first intelligent step taken to wiping out accrued debts. The next step you'll have to take is to repair your credit report. In order to do this, you'll need to develop great patience while you're re-establishing your credit, as these things do take time.

Two or three years after you've filed bankruptcy, you'll want to start rebuilding good credit. How, you ask? Apply for secured credit cards. Preferably cards without annual fees attached to them. Do your research on the internet to see what others have done in similar situations. If you come across an offer which looks to good to be true, it most likely is. Use discretion when giving out Social Security numbers and personal information online.

Start small. Don't expect anyone to hand you a $10,000 credit limit overnight. It's not going to happen. Make monthly payments in the full amount. Your payment transactions will determine how successful your new credit report will be. If you're late with payments you're heading in the wrong direction. You don't want to end up on the road to bankruptcy again, do you? Of course not.

The stronger your current financial condition is, the better candidate you may be for future credit. Convince lenders that you've left the past behind you. You've changed your ways. Show them how you've handled money since the bankruptcy. Prompt payments made in a full amount are very impressive to a credit lender. If you're denied a major credit card, don't get distraught. Try applying for a department store's line of credit or a card issued by an oil company. These are small steps to a successful future.

About The Author:

Scott Brown is a fair credit reporting advocate and the author of his own website Credit Repair, a free information site dedicated to help consumers repair bad credit and optimize their credit reports and credit scores. For more indepth information on the above topic please visit Credit Repair. sponsor

 

What_is_Your_Motivation_-_Goal_Sett
Make_Or_Break_Home_Business_Tips_(A
How_Much_Does_A_Cup_Of_Coffee_Cost?
Internet_Marketing_and_Getting_Your
Learn_What_Trend_Trading_Really_Is
Plug_In_And_Profit_Resale_Rights_St
Why_Creating_Your_Own_High-Profit_I
Increase_Your_Web_Traffic_By_Using_
Would_You_Lie_On_Your_Resume?
I'm_Changing_Careers_-_How_Do_I_For
How_Hr_Works_To_Get_The_Job_Done
Avoiding_Debt_And_The_Temptation_Th
What_You_Need_To_Know_About_Mortgag
FOREX:_What_Is_It_And_How_Does_It_W
Loans_101:_Application_and_Approval
Your_Job_Interview_Is_Like_A_Blind_
Can_You_Afford_To_Write_Your_Own_Re
The_Top_10_Reasons_Why_My_Coaching_
Structure_Your_ADD_Coaching_Busines
Journaling_Your_Work
Take_This_Career_And_Shove_It_–_In_
How_payday_loans_work
Tips_on_Finding_the_Best_Credit_Car
Managers:_Should_Your_PR_Budget_Str
Your_Guide_to_Credit_Repair_Service
Sell_Your_Real_Estate_Notes
Getting_Your_Vitamins
Want_To_Consolidate_Credit_Card_Deb
Tips_for_Using_Business_Credit_Card
Maybe_You_SHOULD_Worry_About_Your_P
Your_Guide_to_Learning_a_Forex_Trad
How_To_Find_A_Real_Estate_Agent
Thinking_About_A_Payday_Loan?
Want_to_Get_Instant_Credit_Card_App
An_Investing/Insurance_Alternative
Buying_Rental_Properties_-_Some_Tip
A_Guide_to_Bad_Credit_Credit_Cards
How_Much_Insurance_Do_I_Need?
How_to_Find_the_Best_Credit_Cards
How_to_Use_and_Select_Stock_Photogr
Tips_on_How_to_Apply_for_a_Credit_C
What_Are_We_Teaching_PR_Students?
How_To_Find_a_Good_Small_Business_P
Double_Your_MLM_Earnings
Turn_Your_Customer_Complaint_into_a
Long_Term_Care_Insurance_From_A_Sol
Strategic_Organizational_Learning
Ethics_And_Competence_-_There_Is_No
Second_to_Die_Life_Insurance_Polici
Health_Insurance_Rules

 1 

 

©2005 - All Rights Reserved