5 Easy Steps to Rebuild Your Credit after Bankruptcy
If you’re reading this you likely know that the road to rebuilding your credit after bankruptcy is not a straight one. It is a winding, bumpy ride where sometimes you can't see which way the road will go. Fortunately with these 5 easy steps, it can be much easier for you to rebuild or even build your credit.
One of the main things preventing people from rebuilding their credit after bankruptcy is that they're too busy and/or scared to apply for loans or start building their credit with paying back debt on time and on time. If you're one of these people, there's no time like the present to start. You don't want to wait until it's too late and you get denied for loans later on.
Applying for Credit Cards
The first step in your journey is to obtain a credit card. Although this may sound scary, it's really not when you do it correctly. First of all, make sure the card reports to the national credit reporting agencies (e.g., Equifax, TransUnion). Then search online for a secured credit card that will report to these three agencies. These cards are ideal because they report every month and because there aren't any annual fees.
Another card that is ideal for rebuilding credit is the secured credit card. This type of card reports to the national credit reporting agencies (e.g., Equifax, TransUnion), and it also requires a deposit down as a security deposit. This can be a good way to build a high credit score but it is not ideal for rebuilding your credit because it can take years to build good scores (if you ever do).
Apply for a Credit Card
Another great way to begin building your credit is by applying for a credit card. Even though you may have been turned down in the past, there are websites that will help you rebuild your credit. Some of them are listed below:
www.credit-card-wizard.com
www.bankrate.com/debt/section2/rebuild_your_credit_157522.html
www.creditinfocenter.com/credit-cards-and-service/rebuild-your-credit/index.htm
www.getmyfreecreditscore.com
These sites should have a credit card that will help you rebuild your credit if you have had credit problems in the past. Also, do not despair if your score isn't high enough to qualify for a card just yet; keep working on raising your score and applying for cards until you find one that works for you! It could take a few months, but it's worth it in the long run!
For more information: How to read bank statement? http://bankstatementcopy1.blogspot.com/2011/05/how-to-read-bank-statement.html
You can learn more about this topic at: My Credit Repair...
If you’re a woman, you could read this article on how to rebuild credit after bankruptcy. http://rebuildingcreditinfo.blogspot.com/2012/02/how-to-rebuild-your-credit_03.html
Credit Card News: CashApp: Rebuild Credit with Credit Cards http://www.creditscoreloanopportunitiesblog.com/#cashapp
Credit Card News: Building Your Credit http://www.webrepuertorico.com/credit-cards-credit-building.html
Credit Card News: How to Rebuild Credit http://www.nytimes.com/2009/01/26/business/economy/26monied.html?pagewanted=all&_r=0
Good luck rebuilding your credit! Helpful information about credit scores and how they affect your credit score is available here: Credit Scores, Bad Debt & Credit Problems http://creditrepairinfo.blogspot.com/2012/02/credit-scores-bad-debt-and-credit.html
Here are some articles that will educate you about how to rebuild your credit after bankruptcy. http://rebuildingcreditinfo.blogspot.com/2012/02/how-to-rebuild-your-credit_03.html http://rebuildingcreditinfo.blogspot.com/2012/04/awesome-things-for-repayment-of.html http://rebuildingcreditinfo.blogspot.com/2012/04/three-ways-to-build-your-credit_03.html http://rebuildingcreditinfo.blogspot.com/2012/04/how-to-complete-step-4_02.html http://rebuildingcreditinfo.blogspot.com/2012/05/how-to-get-credit_03.html http://rebuildingcreditinfo.blogspot.com/2012/05/earn-money_10.html http://rebuildingcreditinfo.blogspot.com/2010_06_01_archive.html
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Conclusion In the end, you need to keep in mind that rebuilding your credit after bankruptcy may not be easy. However, it is possible. By following the easy steps above, your journey of rebuilding credit after bankruptcy hopefully will become a little easier. High credit scores and no late payments or defaults are the keys to rebuilding your credit after bankruptcy. With these virtual tools at your disposal, you will be able to rebuild your credit in no time!
If you're a woman and looking for how to rebuild credit after bankruptcy through better handling of finances and building a good reputation with banks and creditors, then read this article on how to rebuild credit in 3 simple steps by Susan Milord at http://rebuildingcreditinfo.blogspot.