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4 Post-Bankruptcy Credit Fix
4 Post-Bankruptcy Credit Fix

A bad credit history is a sure way to paralyze one' s borrowing privileges. The effects of

having bad credit have long been established and well-known amongst the masses but sad

to say there are times when one is left with no choice but to succumb to it as unforeseen

circumstances in relation to money may come every now and then forcing them to use the

money intended to pay bills, credits and mortgages on other matters that require urgent

payment. If things like this happen one could only hope to get the best help that they can

get. One could only hope that the credit fix that they pick is the best method that can help

them get out of bad credit' s strong grip.

The good news is that credit scores do not stay still. You may have a very low credit

score as of now but you can do things which can make it soar up high in the next 6

months. Effective credit fix after declaring bankruptcy is just like Rome. It can' t be

built over night. But if you come to truly think of it, the effort and wait are worth it as its

effects weigh more than the sacrifice.

1. Fix your bad credit by getting rid of errors in your credit report. If you are on a credit

fix spree, you need to keep your eyes open. Remember that the information given out

by the three Credit Reporting Bureaus are not exactly accurate. Anticipate errors and

exert extra effort in looking for them. The Fair Credit reporting Act gives one or its legal

representative a chance to dispute and correct these inaccuracies that maybe found in

credit reports provided supporting documents are provided.

2. Another credit fix method that you can use after bankruptcy is by reaffirming

credit. Taking into consideration the 2005 Bankruptcy Laws, it is essential to reaffirm

mortgages, car loans and any other types of secured loans. This will prevent occurrence

of resale or repossession as it does not only permit consumers to hold on to their

properties as installment of debt repayment gives perfect opportunity for credit fix.

Bear in mind that lenders report everything to credit reporting agencies every month.

Therefore, punctuality in paying loans, mortgage and other debts can help in increasing

your low score. Starting from scratch is not easy but if you are willing to take the first

step, everything will hopefully follow in the long run.

3. Get your act together. Do some kind of a lifestyle check as it will help you put things

in proper perspective. Learn to differentiate wants from needs. Find out where exactly

to use your credit card for and when to stop. The best credit fix that you can do is to

educate yourself with the things that you can do in order to avoid needing one. Its effects

are not only effective but long term as well.

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