{"id":3231,"date":"2021-06-09T16:48:02","date_gmt":"2021-06-09T16:48:02","guid":{"rendered":"https:\/\/hsapclaw.com\/?p=3231"},"modified":"2023-04-28T07:21:08","modified_gmt":"2023-04-28T07:21:08","slug":"rebuild-your-credit-after-bankruptcy","status":"publish","type":"post","link":"https:\/\/hsapclaw.com\/rebuild-your-credit-after-bankruptcy\/","title":{"rendered":"How Do I Rebuild My Credit After Bankruptcy?"},"content":{"rendered":"

Bankruptcy allows you to repay your debts, restructure your finances, and aim for debt settlement. However, it has a huge impact on your <\/span>credit score<\/b>. This number indicates the level of your creditworthiness. Bankruptcy generally stays on your credit report for a maximum of ten years depending on the type of bankruptcy that you have filed. A Chapter 7 bankruptcy<\/a> can stay on your credit history for a full ten years, while Chapter 13 bankruptcy<\/a> will remain for not more than seven years since it involves repayment of some of your outstanding debts. Bankruptcy can indeed hurt your credit score; however, its effect will gradually fade with time.<\/span><\/p>\n

Rebuilding credit <\/b><\/a>doesn\u2019t happen overnight. It requires a lot of hard work and patience to improve your credit score. The process can be complex and time-consuming, but it will surely be worth it in the end. You need to prove to creditors that you are still capable of making future payments for a loan or mortgage even after bankruptcy. You can rebuild your credit by raising your credit score little by little. An <\/span>experienced Wyandotte bankruptcy attorney<\/span><\/a> can help you take small steps to rebuild positive credit history.<\/span><\/p>\n

In this article, you will learn the different ways on how to rebuild your credit after bankruptcy. Here are some of the useful strategies:<\/span><\/p>\n

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  1. \u00a0 \u00a0 \u00a0 <\/span> Always Pay on Time<\/span><\/li>\n
  2. \u00a0 \u00a0 \u00a0 <\/span> Control Your Credit Utilization<\/span><\/li>\n
  3. \u00a0 \u00a0 \u00a0 <\/span> Use a Secured Credit Card<\/span><\/li>\n
  4. \u00a0 \u00a0 \u00a0 <\/span> Apply for a Credit-Builder Loan or Secured Loan<\/span><\/li>\n
  5. \u00a0 \u00a0 \u00a0 <\/span> Be an Authorized User<\/span><\/li>\n
  6. \u00a0 \u00a0 \u00a0 <\/span> Get a Co-Signer<\/span><\/li>\n
  7. \u00a0 \u00a0 \u00a0 <\/span> Monitor Your Credit Report<\/span><\/li>\n<\/ol>\n

    <\/span>Always Pay on Time<\/span><\/span><\/h2>
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