How To Build Credit After Bankruptcy
if you have recently experience bankruptcy, then you need to know how to build credit after bankruptcy. Building credit worthiness is not as hard as some one may think of them, but it does take considerable amount of time before declaring victory. This article will show you the ways which you can build credit after bankruptcy.
- Get the bad history erase off your history. Nothing in this word will last forever, so why should bankruptcy? Bankruptcy technically can stay on your record for up to ten years, but it does not have to. By improving your credit worthiness, you can get such marks taken off your credit report earlier than that. Bankruptcy records stop affecting your credit score as soon as it disappears from the record.
- Cash only living is great, but not if you want a good credit score. Cash only is great for people who really cannot control their spending with credit cards, but it is not the solution to build credit score. Revolving credit, such as credit card balances, is one of two major ways that you can build credit after bankruptcy.
- Monitor your credit. You do not have to sign up to one of those credit monitoring agencies, but you do need to monitor your credit history. You are entitled to one free credit report every year, so why not get them? You can get them at www.annualcreditreport.com.
- Dispute the inconsistencies. Once you have your credit report on hand, check to see if there is any inconsistencies. Dispute the charges if they are incorrect. The Bankruptcy process can often leave unintended marks on your credit history.
- Pay your bill on time. Paying your bill on time is the simplest way to improve your credit history. There is really no faster ways than this. If you tend to forget your bills, then pay them automatically online. There are plenty of ways which you can pay them online.