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There is a common myth that after bankruptcy, debtors can't repair their credit score. But we are sharing some tips to prove that you can repair your credit score post-bankruptcy.
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WAYS TO REPAIR YOUR CREDIT SCORE POST BANKRUPTCY Breaking one bankruptcy myth at a time Its a common thought that one can never repair their credit score post bankruptcy. But that's not true. It can be repaired with patience and proper guidance despite of the serious damage. Discussed here are some of the ways in which you can repair your credit score post-bankruptcy. 1. Keep track of other accounts Keep paying for your non-bankrupt accounts so that their credit score remains unaffected. Keeping a proper track of your accounts will let creditors think that you are good in managing your finances and you will soon sort everything. 2. Get new credit Getting new credit is one of the most efficient ways of repairing your credit score. Though a challenge, but once you get a new credit card, you can use that amount to make small payments and clear the pending bills This will help in gaining 3. Don't be influenced some credit points. There are many fraud companies out there who would make a lot of promises but do nothing for you. They might just fly away with your money. Be aware of such companies. 4. Avoid Frequent Job Changes Though your job change frequency has no direct effect on your credit score but the lenders do check this. Frequent job change is a sign of irresponsibility and misbehavior and leaves a negative impact. Lenders generally fall back on this, especially after a bankruptcy. VISIT US TO KNOW MORE