[ad_1]
It’s a frequently asked question in my office, “How do I improve my credit score after bankruptcy?” It may seem like your credit score has been wiped out when financial disaster strikes, but you might be surprised to learn that you can quickly rebuild your credit to get a job, and raise money for a big purchase like a home or car. Can Here are my top 10 ways to quickly whip you credit score in shape:
- charge no more than 25% of any available credit line;
- Wipe out the debt [Pay it off, filed bankruptcy, or settle it]
- Pay the dues on time every month [never charge more than you can afford]
- Review your credit report annually for accuracy and correct errors;
- Never co-sign another’s loan unless you are prepared to pay for it;
- Destroyed all privacy related documents [names, addresses, birthdates, etc.]
- When shopping online, be sure to protect your identity/information;
- Audit your credit card statement monthly to make sure all charges are correct;
- Apply for opening new accounts only as needed;
- don’t close old accounts
A good credit score is within reach of everyone when you follow these simple tips. For more detailed information, please visit Credit Education Center, I generally do not recommend going into debt because as a bankruptcy attorney, it is my job to help eliminate debt for my clients. However, I find that many clients did not experience problems related to financial irresponsibility, but rather a financial disaster. This Great Recession has caused tremendous unemployment and underemployment where workers’ wages are reduced and/or their hours are reduced. Many of these figures are not included in the official unemployment rate, which makes it appear that our economy is improving. It is possible to recover from a drop in credit score. Working with a credit repair specialist can speed up the process.
A professional and reputable credit repair company will conduct a written dispute campaign against each error found on your credit report with all three major credit bureaus. You’ll also receive credit education through the process. aired after 60 minutes 40 million mistakes: Is Your Credit Report Accurate?, there has been an increase in lawsuits against credit bureaus Experian, Equifax and Trans Union and creditors who report false information under the Fair Credit Reporting Act and Fair Debt Collection Practices Act. These federal laws protect consumers from harassing debt collectors and providing false information on credit reports.
[ad_2]
