Bankruptcy - Personal Services
Rebuilding credit is an important process whether you are about to be discharged from bankruptcy, a consumer proposal or you have a poor credit score. There are many things beyond your control that could have contributed to your poor credit rating - losing your job, an illness or a divorce. However, the most important thing is to identify the circumstances within your control that got you into trouble and ensure that you don't repeat the same mistakes twice. Obtain a copy of your credit report along with your credit score. It will show you how you got into trouble.
How to rebuild credit:
There are several strategies that you can use to rebuild credit. Here are a few suggestions:
- Contact a professional for professional help
- Create a budget
- Pay down your debt
- Pay your bills on time
- Contact a creditor immediately if you are having trouble making payments
- If you don't qualify for any credit, apply for a secured credit card (hyperlink to Home Trust secured credit card page) so that you can start rebuilding a good credit history
- Limit your credit requests
When dealing with credit issues always deal with a professional. Since 2005 Ira Smith Trustee & Receiver Inc. has been helping people with financial difficulties deal with debt, rebuild credit and live a happy, debt free life. Contact us today and you can take the first step toward rebuilding your credit and your life, Starting Over, Starting now.