Credit Repair After Bankruptcy

Credit repair after bankruptcy isn't really the right wording for what it is you're really doing, you're not really going to be fixing things specially, you're rebuilding. All of the work you've already done in court was the fixing part of your financial problems, you made the debts go away. Now, you have a fresh start with your finances, well, sort of.

Sadly, you will be looked down on for having these past problems, you can't escape your debt completely. But what you can do is build up a new history to show people when you go to apply for anything where your finances are looked at, and this is how you will work on credit repair after bankruptcy.

You want to start on this immediately after you've finished filing if possible. The first thing you need to do is save up a few hundred dollars in an account.

Then, about a month after filing, you want to check your credit report for errors. This is key to everything else really, and something most people skip over. Companies will often fail to mark down your accounts as 'included in bankruptcy', they'll just leave them marked as 'overdue' or still open. You want to keep calling and talking to managers until someone changes this for you. If you don't, it will look like you have both this discharge in your past, and more debts. This will follow you for years, so do take care of it!

Then you want to use that money you saved and get a secured credit card at the bank. In twelve to eighteen months this card should switch over to an unsecured card if you've made your payments on time every month.

After six months to a year you'll want to look into getting a small secured loan, and make the payments on time each month. Your financial history is made up of both card and loan payments, so having a mix of these will help keep all your bases covered.

The most important thing you can do for yourself is to make all of your payments on time each month, this is the key ingredient for any plans for credit repair after bankruptcy.