Saturday, December 8, 2007

Building Credit After Bankruptcy: Three Strategies

Here are three "Building Credit After Bankruptcy" strategies you can use to increase your chances of being approved for auto loans, credit cards, and home loans if you have a bankruptcy on your credit report:
Building Credit After Bankruptcy Strategy #1
Apply for credit where you have a high probability of getting approved, and make the payments on time. Sounds simple, but most people go about applying for credit the WRONG way and make it more difficult than it needs to be.
By the way, don?t go overboard when applying for credit. The whole purpose of getting a credit card or loan is to rebuild your credit history after bankruptcy - not to get in to debt up to your ears!
Be careful about the inquiries. When it comes to some types of inquiries, too many View the rest of this article


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