After filing Bankruptcy — Steps for Rebuilding
After a discharge of a chapter 7 bankruptcy All of your unsecured debts should have been discharged. You need to pull your credit and make sure that all of the creditor are so notated. Sometimes the creditor are lazy and don’t do it, so you will need to send a list of creditor to experian, and they can make them notate is right.
Open a checking and savings account as soon as you can if you don’t already have them.
If your still making a car payment you will reaffirm that debts so it will show as a good account. If you need a car You need to go to a car lot not a tote the note. Have a down payment, Do not look at the most expensive It will be at a higher interest rate but the more down payment the better the interest rate will be.
A new credit card is a way to help rebuild your credit, but don’t use it if you can control yourself and spend more than you can afford to pay.
I have seen credit scores back in the 7oo hundreds two years after filing and seen were some have not moved. Be smart do not buy something you can not afford. If the cause of the bankruptcy was a change in jobs wait till you are making enough money before taking on any new expenses.
Please fill out our free evaluation form to determine if bankruptcy is right for you.
