Not exact matches
Regardless
of how you got to this point, learning how to
rebuild credit after bankruptcy can help you get back on the right track
sooner than you think.
What all
of this can mean for you is that, despite the deed in lieu remaining on your
credit report, once you manage to
rebuild your
credit score to above 700, meet the waiting period and mortgage application requirements, and,
of course, have some cash to put down, you could find yourself obtaining a new mortgage within the next year or so, if not
sooner.
That would allow you to get out
of debt much
sooner,
rebuild your
credit rating faster, and ensure that your creditors get 100 % return on their dollar.
One
of the best things you can do is
rebuild and repair your
credit as
soon as possible after filing for bankruptcy.
You will need to start
rebuilding your
credit as
soon as possible, but you really need to beware
of new
credit card offers after filing bankruptcy.
By getting a card during bankruptcy he advises that you can begin building this new
credit history
sooner and gives some evidence that a significant portion
of their cardholders have had success
rebuilding their
credit score.
However, you can mitigate the negative effects
of the bankruptcy and start
rebuilding your
credit soon after completing the bankruptcy process.