You will have to be proactive and deliberate about the steps you take to rebuild your credit after your bankruptcy discharge has been granted. In fact, it’s easier than improving your credit score after years of bad notations from missed and late payments. Improving Your Credit Score After Filing Bankruptcy Is Possible And ultimately, that’s what anyone looking at your credit report will care most about. Unlike the missed payments, filing bankruptcy gives you a fresh start and the chance to improve your credit score. Unless you’ve made timely payments on all debts - always - you probably already have bad credit and a less than ideal FICO score. But, that’s no different than the fact that you missed a bunch of credit card payments staying on your credit for years. It’s true that a Chapter 7 bankruptcy stays on your credit for up to 10 years ( Chapter 13 bankruptcy is removed by credit reporting agencies after only 7 years). If you’re struggling to pay your debts but are worried about your credit rating after a bankruptcy, this article is for you. (2) Become An Authorized User On Someone Else’s Credit Card Accountįiling bankruptcy does not ruin your credit forever! That’s one of the biggest myths surrounding bankruptcy and often the reason why people delay filing.(1) Keep Up With Any Debts That Survived the Bankruptcy Filing.
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