Credit after bankruptcy is not as hard as you think!

But credit after bankruptcy can be either a deal or cost you dearly! It pays to read the fine print. Like the saying goes "the devil is in the details" and this is especially true of companies offering credit to those who just had their bankruptcy granted! Credit after bankruptcy is where we discussed why you should not apply for as much credit as you can get once your bankruptcy is granted.

You see, when creditors see you applying for as much credit or as many cards as you can get, you are going to make your score go down because they will think that you have learned nothing from your ordeal and your score will suffer from the flurry of activity.

Your score will stay down even longer because of this sudden activity of so many inquiries into your credit report especially after a bankruptcy!

This doesn't necessarily mean you won't get credit, it just means you have to start out a little slower! Some of the sponsored links on this site are agencies that will help you find a credit card even after a bankruptcy.

The advantage of this is your credit report only gets pulled once and is available to every credit card company with a plan for those seeking credit after bankruptcy. I did this myself and you may contact a sponsored link if you like.

I got my first 2 credit cards with a $300.00 limit and a $500.00 limit and a reasonable interest rate this way. You will receive several offers in this range and I would take the best 2 of these.

After 6 months of steady payments and not maxxing out your cards, you will be offered a better credit limit!

After a year, you will get more offers and I would consider an installment loan. This will make your credit look really good and an installment loan will usually not be any higher than $5000.00, but even $1000.00 will help!

Use this for home improvements, appliances or something you really NEED! Make more than the minimum payment and pay off the installment loan in one year and your score will go way up!

Check your credit after you bankruptcy has been granted and look for any items that were included in your bankruptcy but may still show up as charge-offs!

Charge-offs should not be on your credit report any longer, but may now say that the debt was included in a bankruptcy and was originally charged off. This also will alter your ability to get credit after bankruptcy.

There is another sponsored link here in this site from Lexington Law Firm and I used them and highly recommend them! They helped me derail every stall tactic and maneuver the credit companies made against me.

The 3 credit reporting agencies represent the creditors, not you!

Lexington Law Firm is a credit repair specialist that knows the in's and out's of credit repair and will do their best to get the negative items off your report LEGALLY!

I could have done it without them, but they saved me a lot of time (about a year or more) and were very affordable! You will be expected to be actively involved in your case and shouldn't think they will do all the work for you. They will take the brunt of it though and that is worth while!

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