What is the best way to get back on the good credit score track after bankruptcy?
What is the best way to get back on the good credit score track after
bankruptcy?
Make sure all your BK'd accounts are listed on your credit report as
"included in BK" and "zero balance". Submit my free credit dispute form
and a copy of your credit report and court papers circling accounts to
show which are incorrectly reported after your bankruptcy. Make sure
your lawyer gets in on this endeavor before he signs out of your life.
The courts and lawyers are not up to speed in fair credit reporting
issues with bankruptcies and SHOULD BE.
Monitor any progress on credit report updates with a credit report
service that allows you to check your credit report regularly for the
desire updates without putting inquiry marks on your report. The best
deal "I can find" is one that gets a score and unlimited reports from
all 3 bureaus it is $9.95 per month after 30 days and free if you
cancel before 30 days..
Make sure you keep " open credit lines after bankruptcy" up to date no
matter what. Beg and borrow but pay these bills before 30 days elapse.
Potential creditors will want to see some open credit after
Bankruptcy". I found it best to get a small credit card and pay on time
for 1 year to keep your score and ratings marked as current. Most
potential creditors need at least 3 "open", ("current" paid on time
each month open), ("rated" at least 12 months on file) lines of
credit. So I would try to get 3 credit cards that are small and do not
abuse them. Use credit cards for your benefit.