| These days our financial future revolves around the | | | | companies that will still lend to people with a |
| three little numbers that make up our credit score. A | | | | bankruptcy record. |
| good score means we are home and dry when it | | | | Having been bankrupt now put you in the enviable |
| comes to applying for a loan or any form of financing. | | | | position of having no other debts. The lenders know |
| A bad credit score can give us major headaches and | | | | this and they also know you cannot file for bankruptcy |
| stumbling blocks. | | | | within the next seven years. So, they know they will |
| God forbid you ever become bankrupt because you | | | | get their money back one way or another. |
| just do not want to see the damage that will do to | | | | The next big step is to find a regular job. Normally you |
| your credit score. The recovery is a long and very | | | | need to be in employment for one year. Short term |
| stressful process. More often than not you are virtually | | | | employment is not looked on too kindly by the majority |
| left with nothing but the shirt on your back. | | | | of lenders. So the longer you are employed the better |
| But life does go on even after such a major financial | | | | it is for you. Bringing home a regular pay check helps |
| set-back like bankruptcy. Things will be difficult for a | | | | immensely. |
| while but if you are determined to get out of the mess | | | | When you eventually receive your credit card make |
| well things will improve. The first thing you need to | | | | sure you keep to a regular payment schedule. Do not |
| tackle is getting a better credit score. | | | | go overboard with your spending on the card. Keep a |
| It can take up to 10 years for any signs of improving | | | | reasonable amount of space between your balance |
| your credit score when you have been bankrupt. If | | | | and your credit limit. This is an integral factor in raising |
| you take complete control of your finances you will | | | | your credit score. |
| see major changes within as little as three years. You | | | | I am not saying it will be easier but it is possible to |
| need to improve your credit rating by finding ways to | | | | improve your credit score quickly after bankruptcy. |
| improve your credit scores as quickly as possible. | | | | You must stay on top of your bills, keep in regular |
| One of the first things you must do is apply for a credit | | | | employment and meet all your commitments on time. |
| card from a major lender. It is not as difficult as many | | | | Taking it one step at a time you will improve your |
| people think. You will only get a small credit limit - but it | | | | credit rating. |
| is a beginning. You will be surprised by the amount of | | | | |