Tips to Get Credit After Filing Bankruptcy

Giving credit after filing bankruptcy is easy if you follow these few tips. Pay your bills on time – utilities, cell phones, everything. If you have an installment loan on a car which you reaffirmed at bankruptcy, pay that bill on time, every time. If you have problems paying bills, use automatic debit from your checking account to be sure that your bills are paid on time. Get one small credit card, maybe a gasoline card or a small secured credit card.  Use it sparingly and don’t carry it in your pocket.  Put it away when you are not using it for a planned purchase.  And then pay that bill on time, every time. If you follow these steps, you will be on the road to restoring your credit within a year or two of filing bankruptcy.  It won’t be a perfect 850 FICO score, but it will improve rapidly and within 3-4 years of bankruptcy, your credit score should be much more respectable. You can get credit after bankruptcy.  But you must act responsibly.