Rebuild your Credit Rating after Bankruptcy

Although you may want to avoid credit after bankruptcy, this is actually not the best thing to do. Some items are very difficult, if not impossible, to buy without credit. For instance, do you have enough money to buy a brand new house without credit? Can you even afford to buy a new car without credit? If not, you may have to rely on credit to make these or other large purchases at some point in your life. And, if you want to secure credit after bankruptcy you must first rebuild your credit rating. 3 Simple Steps you Can Take …

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Life after Chapter 7 Bankruptcy

Deciding to file for chapter 7 bankruptcy relief is not an easy decision to make; however, it could give you an opportunity to rebuild and manage your finances more effectively. You can take simple steps to reduce the likelihood that you will not need to file for bankruptcy again. 1. Keep Your Credit Cards Below the Credit Limits In the event you need to borrow money, lenders like to see that you have credit cards you have responsibly managed, and not maxed out or charged over the limit. You should keep your credit cards but strictly ban yourself from using …

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