How To Repair Credit After Bankruptcy In Easy Steps

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How To Repair Credit After Bankruptcy In Easy
Steps
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• Life After Bankruptcy Heres How to Repair Your
  Credit
• Its no over-exaggeration to say that bankruptcy
  can and does change your life. Not only can
  recovering financially be a challenge, it also
  takes a toll on your emotional health.
• If youre in this position, re-building your
  credit score can be a struggle. But we want to
  reassure you that with the right strategy it
  can be done.

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• Tip 1 Make sure that your credit record
  accurately details your bankruptcy
• First things first double check that your
  bankruptcy appears on your credit record. If it
  doesnt you should contact Experian, as the
  alternative is to have multiple credit accounts
  showing as delinquent, and some creditors may
  even continue to report negative account markers
  even after your bankruptcy has been discharged.

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• Tip 2 - Use credit
• Dont be tempted to switch to using cash only in
  your day-to-day life. The only was to improve
  your credit score is to actually use credit!
• You should register for a free credit reporting
  service, such as ClearScore or Noddle. These free
  services will provide you with customised tips as
  to how you can improve your rating, as well as
  suggesting credit products that may be suited to
  your score.

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• Tip 3 Use clever credit products
• It will undoubtedly be difficult, if not
  impossible, to be approved for regular credit
  products, so youll need to do your research as
  to which products offer the best chance of
  acceptance.
• As a starting point, you can apply for a credit
  card designed for those with bad credit. Or, for
  a more certain chance of acceptance, you could
  use a rebuilder credit card. One type of credit
  rebuilder card is the CashPlus Creditbuilder.
  The downside is that it costs 76 per year, but
  youll be guaranteed to be accepted.
• The way it works is that the card acts as a
  loan of the 76, which is repaid in 5.95
  monthly repayments. These are reported on your
  credit file, and once complete it will show as a
  successfully repaid loan.
• If you do go down this route, just be sure to
  meet ALL of your monthly payments. Not doing so
  could damage your credit even further.

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• Tip 4 Avoid companies that claim to repair
  your credit
• Only you and you alone can repair your
  credit. But unfortunately, theres a litany of
  scammers and dodgy companies that claim to be
  able to fix your credit issues in record time.
• DO NOT LISTEN TO THEM.
• Some of these companies say that they can remove
  the bankruptcy from your credit file. However if
  the information is correct, they arent legally
  allowed to do this. Youll simply receive a
  report that the information is accurate, although
  youll still end up paying a fee for the
  privilege.

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• Tip 5 Make sure you pay all of your bills on
  time, every time
• That means gas, electricity and contractual
  services (such as your internet and phone). If
  needed, add reminders to your phones calendar as
  to when bills are due or pin them to a board in
  date order.

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• Tip 6 - Keep up with your non-bankruptcy account
  payments
• Its highly likely that not all of your credit
  accounts would have been included in your
  bankruptcy, so its mission-critical that these
  debts are paid on time. Debts that may fall under
  this category include
• Student loans
• Magistrates court fines
• Maintenance arrears
• Child support arrears
• Social fund loans
• Walking possession order or controlled goods
  agreement made before your bankruptcy
• Secured debts (such as a mortgage)
• Debts to HM Revenue and Customs
• Council tax liability order

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• Tip 7 Cant manage your money? Seek expert
  help
• If you feel your spending spiralling out of
  control again, or are struggling to get a grip on
  bills, its imperative that you seek out advice
  from a trusted debt agency as soon as possible.

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• Above all else and beyond these seven
  bankruptcy tips it will be perseverance that
  helps you finally rebuild your credit rating.
  Just stay committed, focus on stringent money
  management, and eventually youll see your credit
  score beginning to climb.

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Thank You

• National Debt Help
• Beckwith House,
• 1 Wellington Road North,
• Stockport, SK4 1AF
• https//www.national-debt-help.co.uk