Rebuilding Your Credit After Bankruptcy

The final step in the bankruptcy process is to rebuild and repair your credit. Repairing your credit begins with obtaining a copy of your credit report, examining it for errors, and contacting the appropriate reporting agency to have the error removed. Under a new Federal law, you may have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. To request your free annual report under that law, you must go to www.annualcreditreport.com.

Once you’ve eliminated errors on your credit report, it’s time to start applying for credit cards, auto loans, and mortgages. By obtaining new lines of credit and keeping current on your payments, you will begin rebuilding good credit and improving your credit score. Below is a listing of available credit cards and loan products that may meet your needs:

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Getting a new credit card can help to build credit. By using your new credit card and paying it off on time each month, you will begin to re-establish good credit within just a few months. Here are a few of our favorite credit card programs:

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