You were bankrupt for 12 months, and now your bankruptcy has been discharged, you are now officially debt free, starting over, a fresh start. What next do you need to do.

One thing to do is to take a look, if you have not already done this or know, what took you to the point of needing to go bankrupt?

It may have been one financial disaster, such as losing one’s job, illness, etc.

It also could have been a cumulative effect, like constantly using credit, borrowing, only paying the minimum payments, basically over-extending yourself.

Either way, knowing what brought you to being bankrupt, will aid in knowing how to avoid financial mistakes again.

Bankruptcy as well as all credit accounts, are reported and stay on your credit file for six (6) years. Many people think that means for 6 years they cannot get credit. That is not entirely true.

So what tips are there to “rebuild” your credit after bankruptcy?

Tips to Improve Your Credit

The first tip, isn’t really a tip, but a fact….time, time will heal your credit history. I know 6 years is a long time, and you won’t have to wait that long, but the more time between going bankrupt, and seeking new credit does help.

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Onto the tips…

While not an exhaustive list, these tips will get you started back on the credit path, and improve your credit file.

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