LIFE AFTER BANKRUPTCY

So you filed bankruptcy and got rid of all of your credit cards.  Phewww.Now what?  Will I ever be able to have credit again?  The answer is YES!

Because you now have a clean slate, you will be inundated with offers from credit card companies and overwhelmed by correspondence from local car dealerships.  It seems everyone wants to offer you a loan.  Although you must reestablish new credit, it is much better for you to wait than to immediately accept any offers.  By waiting 1-2 years after you receive a discharge, the better rates you will receive on mortgages, auto loans, etc.

-Budget wisely.

-Apply for a secured credit card.

-Contact your local bank or credit union and request a loan for reestablishing your credit.

-Pay your bills on time every month.