Having strong credit allows you to qualify for credit cards, mortgages, and car loans when you need them. But good credit is more than that -- it means you pay less for things. If you have bad credit, you will pay high interest rates and fees and have other disfavorable loan terms. In the end, that can mean tens or hundreds of thousands of extra dollars.
Bankruptcy gives debtors a fresh start. With that fresh start, it's important to start repairing damaged credit. This is done through discipline and sometimes sacrifice. Get your finances in order, keep your debt to a minimum, and pay your bills on time. In addition, keep tabs on your credit report -- review your report frequently and take steps to fix errors and get rid of old information.