I may have to declare bankruptcy (most likely will be chapt 13) and if that happens I want to work very hard on rebuilding my credit to the best of my ability. Does anyone have any resources I should read or suggestions about how I can learn to rebuild my credit after a chapter 13 bankruptcy?
Thank you
2006-08-23 09:42:21 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
hi, if you have time it'll be here somewhere:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
2006-08-25 17:40:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I filed bankruptcy in 1992. It took ten years for it to come off my credit report. I called a couple of credit cards companies who have the secured credit cards which is where I sent them money and they gave me a "line of credit" in that amount.
So essentially I paid my bill before I ever used the credit. Then once I used the card, say for something small like lunch or an inexpensive dinner, (never for more than I had already paid them) then I would make sure I sent in a payment for the amount that I "borrowed" every month before the bill was due so that they could report to the credit bureaus that I paid my bills on time AND that I paid my balance off in full each month.
This helped immensely in rebuilding my credit. Good luck to you.
2006-08-23 17:14:07 · answer #2 · answered by sittin tight 3 · 0⤊ 0⤋
I haven't had any experience personally with bankrupty, but I am doing loads of credit repair on my own and I can tell you that this site has helped me TREMENDOUSLY and you can ask question and read loads and loads. SIgn up and ask questions or search for past question. Just make sure you read and read, take notes. You will learn a LOT about the crappy credit system!
www.consumers.creditnet.com
I hope this helps. You may learn how to avoid bankruptcy from some of the experts on there! Good luck!
2006-08-23 16:49:19 · answer #3 · answered by Tara B 2 · 1⤊ 0⤋
Make a budget and stick to it. If you buy a car or anything else on credit, make sure you can afford it and are never late or behind on a payment. This will go on your credit report.
After 7 years, the bankruptcy will be taken off your credit history.
2006-08-23 16:49:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I'm in the same boat. I fell down, literally, and now my medical bills are about 50k. If I ever find a job, I'll have to save up to hire a bankruptcy lawyer. Good luck to you.
2006-08-23 16:50:01 · answer #5 · answered by DashRockwood 3 · 0⤊ 0⤋
i dont remember which one i did but........i cant get a cridet card that doesnt have crap anual fees...however for almost 2 years i got car loans approved in the mail...mayb ego that route but its time that will make a diffrence...i have a score of 632 which i guess is fair...i have nothing on it and i have bankruped about exaclty 2 years ago wierd i know but hey good luck
2006-08-23 16:49:28 · answer #6 · answered by mommaof2girls&1onway 3 · 0⤊ 0⤋
i have BK also....took few mnths to clean it...check them out lexingtonlaw.com
2006-08-23 16:49:30 · answer #7 · answered by answers 2 · 0⤊ 0⤋
CONTACT THE CREDIT BUERAUS, THEY WILL HAVE INFO FOR YOU. eXPERIAN WILL BE THE FIRST I WOULD TRY
2006-08-23 16:48:25 · answer #8 · answered by Christina H 4 · 0⤊ 0⤋
GOOD LUCK
2006-08-23 16:45:00 · answer #9 · answered by Anonymous · 0⤊ 2⤋