Debt Management Q&A
Q: Due to a series of recent events that have left me unable to pay my bills, I've had to file for bankruptcy. Is there anything I can do to rebuild credit after bankruptcy?
A: You're not alone. Over one and a half million people file bankruptcy every year. And you'll be happy to know that the answer is yes, you can rebuild your credit after bankruptcy. It just takes time.
In order to re-establish your credit history, you should keep a steady job, cut down on spending and always, always pay your bills on time. When it comes to credit cards, you may want to consider getting a secured credit card. This card is tied to your savings account and is a good way to start rebuilding your credit.
Also, make it a point to check your credit report regularly to ensure it's accurate. Start doing these things, and you'll slowly but surely get your credit back on track.
Now that you know more about credit scores, sign up for TransUnion Credit Monitoring today and receive your credit report & score.