Many of my clients are curious about increasing their credit report score after going through either Chapter 7 liquidation or Chapter 11 or 13 reorganization bankruptcy. Here are some simple steps you can take to get your credit up and lenders lending to you again.
1) Open up a secured credit card. This is one of those simple steps I even took for myself and saw a dramatic (100 point) increase within a short period of time (1 month). Just go into your local bank or credit union and put $500-$1,000 into a secured account, then use this account like an ATM card on your day to day expenses. Just make sure you are capable of paying back the balance in full each month, which leads me to my next piece of advice.
Many of my clients are curious about increasing their credit report score after going through either Chapter 7 liquidation or Chapter 11 or 13 reorganization bankruptcy. Here are some simple steps you can take to get your credit up and lenders lending to you again.
1) Open up a secured credit card. This is one of those simple steps I even took for myself and saw a dramatic (100 point) increase within a short period of time (1 month). Just go into your local bank or credit union and put $500-$1,000 into a secured account, then use this account like an ATM card on your day to day expenses. Just make sure you are capable of paying back the balance in full each month, which leads me to my next piece of advice.
