Rebuilding Your Credit After a San Bernardino Bankruptcy

Rebuilding your credit can start the moment after your San Bernardino Bankruptcy has been discharged. By taking a proactive stance when it comes to rebuilding your credit, you can improve your credit score as time passes after your San Bernardino bankruptcy discharge. You will need to demonstrate to potential creditors that you are a good risk when it comes to repayment. While this is difficult right after your San Bernardino bankruptcy is discharged, there is still some work that can be done to improve your score.

Your first step should be getting a copy of your credit report from all three credit reporting agencies. You will need all three because sometimes information that is correct at one agency is incorrect at another. Additionally, you may find discrepancies on one report that are not on the other two. You should check your report to make certain that all debts that were a part of your San Bernardino bankruptcy are correctly listed as discharged.

You should also look at any other information on your report and check it for accuracy. Are there debts that you do not owe or that you paid off before you filed for San Bernardino bankruptcy which are listed as past due, in default, or some other status? If so, these errors are harming your credit score and should be corrected by filing a complaint with the agency that has the error listed.

While you have your credit reports corrected or amended as necessary, you should make certain to stay current on any debts that survived the bankruptcy. A strong repayment history after your San Bernardino bankruptcy is discharged will definitely improve your credit score, so keep that mortgage current and make certain your car payment is sent on time. If you have internet access and your bank or your lenders support it, consider using online bill payment. If you don’t have access to the internet, you may still be able to automate your payment process through an automatic bank draft when the bills are due.

Don’t fall into the temptation to sign up for new credit right away. Even if you qualify for a credit card early on, chances are good that the fees, terms and conditions will only cheat you out of your hard earned money, even if you are diligent about paying the bill. In one well-known credit card offer, the fees associated with opening and maintaining the account leave you with less than $50 of available credit on a card with a $500 credit limit. If you make only minimum payments, you’ll never be able to use that card, and paying fees to credit card companies for a card you can’t use is no way to rebuild your credit score.

In short, rebuilding your credit should be an ongoing process. Keep on top of your credit reports, make certain they are accurate, and pay your bills on time after the San Bernardino bankruptcy is discharged. If you follow these guidelines, you should see your credit score improve as time passes after your San Bernardino bankruptcy discharge is complete. Contact our team of highly skilled San Bernardino Bankruptcy Lawyers for more information regarding bankruptcy discharge and how to move forward after filing for a San Bernardino Bankruptcy.