| Bankruptcy is a nightmare, that much is certain. But it is | | | | if its $100 make sure you keep up the repayments and |
| not the end all of everything and after bankruptcy you | | | | pay it off when you can. This will do wonders for your |
| can rebuild your credit and restore it to a high level. | | | | credit score. |
| Even if you are still under the terms of bankruptcy you | | | | Check your credit file often - Make sure there are no |
| can get credit. Although the interest rates on any loans | | | | incorrect entries on your credit file, missed payments? |
| or mortgages will be a lot higher than average. | | | | chase up with the issuer, ask them to remove the |
| How to restore your credit after bankruptcy | | | | entry if the late payment was within 24 hours, most |
| Towards the end of the bankruptcy term you should | | | | companies will remove the missed payment mark. |
| start thinking of the simple ways which will have a | | | | Make sure any judgements, or bad entries have been |
| quick impact on your FICO score. These could include | | | | removed, often those over 6-7 years are removed by |
| but not limited too.. | | | | default but that is not always the case and these |
| Getting a debit card from your local bank - Most banks | | | | entries can have a big impact on your credit score. |
| will report your activity to the credit agencies which will | | | | Remember that having a good credit score is most |
| give you those all important green ticks! This will show | | | | probably what got you into bankruptcy in the first |
| potential lenders that you can manage your bank | | | | place, hopefully my methods above will help you to |
| account. | | | | keep your credit score up after bankruptcy and put |
| Applying for a credit card with a small balance - Even | | | | you back onto the road of managed financial freedom. |