Credit After Bankruptcy
What do I do Now?
Is there credit after bankruptcy? Yes! When you’ve filed for bankruptcy, you may find yourself in a sticky credit situation. While it can be very hard to live through a bankruptcy, you will find that life can and does go on. In fact, you can indeed flourish. You have created a clean slate from which to design your life and allow abundance to flow though it. We will take you through the process one step at a time. Right now, first things first.
Credit After Bankruptcy
The first thing you want to do is to check into credit repair. In
"From Bankruptcy Into Abundance"
I discuss the ins and outs of credit repair and the basic things you need to do to start building your credit.
The biggest tip is to NOT use credit repair companies. Something that you may want to check out is the Credit Secrets Bible. Click Here!
You will learn how the credit system works. Knowing how the system works is a big step towards getting your credit score back up.
Cross Roads - What Do You Choose?
You are at a crossroad in your life. You can choose to go into debt all over again and be back where you are today. You can choose to look at yourself and your beliefs and figure out why you are where you are now and move into a life of abundance.Yes, I will answer your questions about credit and loans, but I want you to really get that there is a lot more to this than just jumping into more debt - more loans. For me when I first filed bankruptcy, my life seemed out of control. If you have recently had to file, or are looking at your home being foreclosed upon, your life might seem out of control also. You are no doubt worried about your credit rating and whether you are ever going to be granted credit again. If you have lost your home or car during the bankruptcy you might have to start all over again. Here is a secret that you should know regarding credit after bankruptcy. Lenders want to give you credit. They know that you will go into debt and guess what? That's how they make their money. There are things you can do to slowly rebuild your personal and financial status. Credit is not a bad thing and there are some very good uses for it. So start to think about how you can move into the idea of "quality" credit. In
"From Bankruptcy Into Abundance"
there is a chapter devoted to the ins and outs of credit and how to repair it - and how to avoid the credit repair scams.
If you start to
feel overwhelmed
with all that you have to do, click on "feel overwhelmed" to find out how to break it down into bits.
Learn More About:
Secured vs. Non-Secured Credit Cards
Car Loan
Buying a Home
No More Harassment
One of the better aspects of life after bankruptcy is that your creditors will no longer harass you for repayment of your debts. Phone calls will cease, no garnishing of wages will occur and you do not have to worry about a lawsuit being instituted against you. You may be concerned about friends, work colleagues and family finding out that you have filed for bankruptcy. While it is true that any bankruptcy filing goes into public record very few people will actually be aware of the filing. Of course, credit bureaus will have access to the information. Even though no one will really have to know that you filed, telling your story is one of the very first steps to prospering after bankruptcy. You can find out more about the power and importance of storytelling in
"From Bankruptcy Into Abundance"
A Chapter 7 or Chapter 13 bankruptcy can have long lasting effects on your credit rating and this may see you paying higher interest rates on your car, home or educational loans. A poor credit rating may make it harder to apply for a job, rent an apartment or buy a car but that does not mean that there is no credit after bankruptcy!Any future credit you are granted should be promptly repaid. This is the most important aspect of repairing your credit score and will significantly improve your life after bankruptcy.
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