Bankruptcy
Even though a bankruptcy sounds bad, it often sounds worse than it is. Once you have filed bankruptcy, you should know that it is possible to get your credit back on track. You can successfully rebuild your credit with the help of Credit Repair in Columbia SC. A bankruptcy can indeed be a pain and a pill to swallow. Unfortunately, there are some situations where it simply can't be avoided. We’re here to help you pick up the pieces and put the past behind you with new goals of rebuilding your credit. Every positive mark on your report; increases your credit score. This means that you’ll eventually be eligible for new credit.
Steps to Rebuilding Credit After Bankruptcy
1. Remain Current on Your Payments - You will likely still have some credit remaining on your credit report. You must continue to keep up the payments on them. This will help lower your debt-to-income ratio and help increase your credit.
2. Don’t Job Hop – It won't affect your credit but it may influence the way a lender sees you. They want to be sure that you have a stable job so that you have a reliable income to repay them.
3. Apply for New Credit – It will be more difficult to get new credit after filing for bankruptcy, but not impossible. You may have to pay higher interest rates but it contributes to your re-establishing a positive credit history. We usually recommend that you apply for a secured credit card. This type of card requires you to make a deposit, and this is used as credit.
4. Become an Authorized User – This is one of those small tricks that instantly boost your credit. The key is to become an authorized user of someone who has good credit because when they make payments, this is also reflected in your credit report.
Work With a Credit Counselor
When you work with a credit counselor, such as those that you’ll find at Credit Report Columbia SC, we will advise you of how to proceed after filing for bankruptcy. A credit counselor can help you get things back on track sooner than later. They will likely suggest that you continue to monitor your credit reports and they will do the same. This will enable them to alert you to any changes that appear on your credit and advise you as to what you should do.
Free Credit Report Consultation
When you’re trying to rebuild your credit after a bankruptcy, it’s easier to do it with the help of Credit Repair Columbia SC. Our qualified counselors will take their time to comb through your report and once they have a full picture of your credit history, they will go over it with you, line by line. You don’t have to try to figure it all out on your own; that is what we are here for. We’ll help identify inaccuracies on your report and make sure that you remain on track. Bankruptcy is not the end of the world.
Steps to Rebuilding Credit After Bankruptcy
1. Remain Current on Your Payments - You will likely still have some credit remaining on your credit report. You must continue to keep up the payments on them. This will help lower your debt-to-income ratio and help increase your credit.
2. Don’t Job Hop – It won't affect your credit but it may influence the way a lender sees you. They want to be sure that you have a stable job so that you have a reliable income to repay them.
3. Apply for New Credit – It will be more difficult to get new credit after filing for bankruptcy, but not impossible. You may have to pay higher interest rates but it contributes to your re-establishing a positive credit history. We usually recommend that you apply for a secured credit card. This type of card requires you to make a deposit, and this is used as credit.
4. Become an Authorized User – This is one of those small tricks that instantly boost your credit. The key is to become an authorized user of someone who has good credit because when they make payments, this is also reflected in your credit report.
Work With a Credit Counselor
When you work with a credit counselor, such as those that you’ll find at Credit Report Columbia SC, we will advise you of how to proceed after filing for bankruptcy. A credit counselor can help you get things back on track sooner than later. They will likely suggest that you continue to monitor your credit reports and they will do the same. This will enable them to alert you to any changes that appear on your credit and advise you as to what you should do.
Free Credit Report Consultation
When you’re trying to rebuild your credit after a bankruptcy, it’s easier to do it with the help of Credit Repair Columbia SC. Our qualified counselors will take their time to comb through your report and once they have a full picture of your credit history, they will go over it with you, line by line. You don’t have to try to figure it all out on your own; that is what we are here for. We’ll help identify inaccuracies on your report and make sure that you remain on track. Bankruptcy is not the end of the world.
Contact Credit Repair Columbia SC at 803-266-1101 for free estimates.