I know it will take a while. But immediate things you can do to START fixing your credit.
Step by Step system for repairing bad credit fast no matter what your credit situation may be
.5 Comments on “How do you fix your credit after bankruptcy?”
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After a year of filing for bankruptcy, I received credit card offers. This is how I reestablish my credit.
June 30th, 2009 at 7:39 am
As soon as your bankruptcy is discharged, you will start to recieve, if you have not already, TONS of offers for credit cards and loans. These will be from companies that are usually high-fee/low limit cards and higher interest rates. They do this because they know that you can not file for bankruptcy again for several years.
You should probably stay away from those and go for a secured card. Here you put a deposit of about $300, and they give you a credit card limit to match. The difference between the Secured Card and the cards that charge the fees is that on the cards that charge the fees that money is gone directly to them. A good company for a secured card is Orchard Bank.
When you get the card be sure to never go over 30% of your limit, and pay your bill In Full and on-time every month. After about 6-12 months of a good history you will start to qualify for better cards and loans.
Also, about a month after your bankruptcy is discharged you need to pull your credit report and verify that all your debts that were included in the bankruptcy are correct. If they are not you need to dispute that with the credit reporting companies.
July 3rd, 2009 at 2:35 am
what ever u get like a loan or a credit card, pay on time and u should be fine
July 5th, 2009 at 11:02 am
If you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.
July 7th, 2009 at 6:11 am
i think it would look bad after bankruptcy
July 8th, 2009 at 3:08 am