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Discharged Bankruptcy? These Steps Could Help
By: R. Lawrence Anderson
If you have a discharged bankruptcy, here are three steps that could help
increase your chances of qualifying for credit and loans:
1. Order copies of your credit reports
You will want to order copies of your credit reports from the major credit
reporting agencies (Experian, Equifax, and Trans Union) after your discharged
bankruptcy. You can order your reports by mail, telephone, or online.
You may even be entitled to a free copy of your credit report - check with each
of the major credit reporting agencies. In After Bankruptcy Credit Solutions I
cover five ways to get a free copy of your credit report. But free or not,
ordering copies of your credit reports after your discharged bankruptcy is
important if you are planning to apply for any credit or loans.
2. Clean up your credit reports
Once you have copies of your credit reports, you will want to review each one
carefully. You will want to make a note of any inaccurate or obsolete negative
information that needs to corrected or removed. You will also want to make sure
that your discharged bankruptcy is being reported correctly on each credit
report.
While there is not enough room here to go into detail on how to correct or
remove any inaccurate or obsolete negatvie information on your credit reports, I
explain how in After Bankruptcy Solutions - and also what to look for when
cleaning up your credit reports after a discharged bankruptcy.
3. Focus on increasing your credit score
Cleaning up your credit reports after a discharged bankruptcy is one way that
could help increase your credit score. There are a number of other ways as well
including: Establishing some new accounts and paying them in a timely manner
over time, maintaining low balances on your credit card accounts, and even
adding years of positive credit history to your credit reports.
In this article we looked at three steps that could help increase your chances
of qualifying for credit and loans after a discharged bankruptcy. There are a
number of other strategies you can use – but I will save those for future
articles dealing with credit and loans after a discharged bankruptcy.
Copyright © 2006 Innovative Solutions Publishing, Inc. All rights reserved.
The company and product/service names referenced in this article are the
trademarks, registered trademarks or service marks of their respective owners.
None of the owners have sponsored or endorsed this article.
DISCLAIMER:
This information is designed to provide only a general overview of the subject
matter herein.
This information is provided with the understanding that neither the publisher
nor author is engaged in rendering legal, accounting or other professional
advice. If legal or other expert assistance is required, the services of a
professional should be sought.
Neither the publisher nor author shall be liable for any loss or damages,
including but not limited to special, consequential, incidental or other
damages, caused by the information contained herein.
About the Author:
R. Lawrence Anderson is author of After Bankruptcy Credit Solutions, which shows
individuals how to qualify for credit and loans after a discharged bankruptcy.
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