Even after one files bankruptcy, there are still steps that need to be taken to improve your credit score.
1) Be sure to check with credit agencies after filing. Many people are scared to look at their credit report after filing, but you should several months after filing or discharge to be sure everything is accurate. You want to be sure the bankruptcy is listed and any discharged debt doesn't show as anything more than a bankruptcy filing.
More can be found at this article below:
RT @NYDailyNews: There is life after bankruptcy http://bit.ly/c5rWzT
http://www.nydailynews.com/money/2010/04/05/2010-04-05_there_is_life_after_bankruptcy_credit_could_thaw_in_1824_months.html
2) Make attempts to obtain credit after discharge. You can get secured credit cards by applying for that specific type of card. You simply give collateral, such as equity in a car or cash, to show the creditor they have something of value to collect if you don't pay.
3) Any debts not discharged or incurred after filing must be paid on time. Don't think that "oh well, my credit is shot anyway." If you make all your payments on time after filing, you can be on the road to financial recovery.
Chris Barsness
http://www.bankruptcylawyerla.net
how do u do?
ReplyDeleteVery nice steps you mansion over here,Most of the people claim the bankruptcy because they have more debt than they can ever hope to repay.And because they do not want to be taken this to court. And you have no way to ever repay your debts,then bankruptcy may be an good option for any one.
ReplyDeleteFile Personal Bankruptcy
Well it is necessary to step out what you says otherwise our life become hell. Fix My Credit
ReplyDeleteGreat post. It is amazing how little people know about what to do with your credit after a bankruptcy. Access to credit tools and education is the key to recovery!
ReplyDelete