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| *Loan,banking and credit>>>credit repair |
What is the best way to repair and re-establish credit after a chapter 7 personal bankruptcy? |
Mine was discharged in January 2005. hello, sorry to hear about this, hopefully one day you'll look back at this from a better position, things always go up and down. Here's some reading that will cover some of the points, all free http://finance.ebookorama.com also plenty more to read here http://credit.ebookorama.com http://credit-repair.ebookorama.com... http://credit-cards.ebookorama.com... good luck! I deal with automotive finance, and the banks need established credit after the discharge! So you need to go out and get a stupid credit card! Charge 1 cheap thing a month, so that you can pay the bill off as soon as you get it! Good luck! I am not too sure but i would say get a credit card with a low limit... Like $200.00, make sure you can pay it off, max it and pay the bill. Do that a few times and people will start to trust you again i'm sure. Filing a bankruptcy these days is not like filing 20 years ago...Back then you where screwed for years...but now it's alot easier to get credit after a chapter#7. There are credit card companies out there that will give a credit card to low credit score people, but shop around because of the interest rates they charge. One way to do it is to buy a car and finance it. Most car dealers have programs that finance discharged bk. You will pay a high interest rate but it will reestablish your credit. I have been doing auto finance for 6 yrs. If you have been on your job for at least 6 months and can come up with about $1000 then I can get you financed after it is discharged. http://www.researchitforme.com/wesayes/c... this will get you going in the right direction One Way you can either get some one to help you open up an account with the Credit Union and then borrow from them and pay back quickly even if you do not need the money borrow (very little) anyways and pay back just a little more, early do this about two-three times this will LOOK GOOD to the Creditors and Builds your credit back up. Or you can come across certain agency's that will help you reestablish your credit and they will watch your credit for you over the years, EXAMPLE: I came across an agency that at the time I paid about $350.00 dollars one time only was told to order my Credit Report from all three credit companies,Experian,Trans Union, and Equfax then I mailed it off to this agency and within 3-6 months If I wanted to purchase a car house, I would have to wait on a reply from this agency they would give me the go ahead to do what ever I needed/wanted to purchase. IT WAS GREAT, And every year once a year I would pay about $150.00 to have them continue to watch my credit making sure nothing was applied to it that would damage my credit. I came in contact with this agency when I lived in Atlanta,GA. It was the best thing I ever done I was able to purchase a car/house when I thought I would never be able to one day do, Because I had a Chapter 7 and 13 on my record. Take Care and it will work out. |
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