After bankruptcy, the first thing to do is repair your credit. Without a proper credit record, you could be branded an untouchable by financial institutions and banks.
If and when you get any credit after the bankruptcy, you should be doubly careful that you do not default on any payments or else you will never come out from under the shadow of bad credit.
Keep records of your spending. The positive part of keeping accounts is that it is easy to use them to establish that things are moving on the right path.
A credit card or store card is the easiest way to improve your credit score. Keep a close track on the repayment schedule.
In case you need a loan, ensure that you do not repeat the mistakes you committed in the past that resulted in your bankruptcy.
If and when you get any sort of credit, ensure that you calculate very carefully how much the repayment installments are and how can you repay them. Any slight delay in payments could be taken very seriously by the lending companies.
Special classes are held by non-profit organisations and even debt management program providers. The programs are helpful when you have no money, a...
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