| Simply because you have gone through bankruptcy | | | | that were being shown as open are reported as |
| does not mean that you will not be able to buy a | | | | included in bankruptcy. This is probably the only way |
| house or get credit. I just means that you are going | | | | that your credit is going to begin to heal. |
| to have to take certain steps, and these steps will | | | | The next step would be to try to get a secured |
| get you on your way to home ownership once again. | | | | credit card, which will have credit equal to the |
| Of course, these are not definitive steps because | | | | amount you deposit in the account. Do not make the |
| the fact is that there are many things that you can | | | | mistake of grabbing any card or it will be more costly |
| do. The point is that you need to deal with the | | | | than it is worth. Make sure that there are no |
| important steps before you do any minor tweaking. | | | | application fees and that annual fees are reasonable. |
| It is true that a bankruptcy can remain on your credit | | | | You also need to make sure that the card issuer |
| report for up to ten years in accordance with | | | | regularly reports to the three major credit bureaus. If |
| established law. However, you can begin to heal your | | | | not, then it defeats the purpose of getting a secured |
| credit score the moment your bankruptcy case is | | | | credit card in the first place. |
| closed. It is said time and again, but it cannot be said | | | | Stay out of debt as much as possible because your |
| enough that you need to be responsible about paying | | | | debt to income ratio is something that will be looked |
| your bills on time. | | | | at very close by any lender when they want to |
| That is a credit habit you need to get into in order to | | | | determine your ability to pay off a mortgage loan. |
| diminish the effect of your bankruptcy on your credit | | | | There are also loan programs and lenders available |
| score. If you can establish a blueprint of paying your | | | | that require almost no time after the discharge of |
| bills on time, then you will be seen as less of a risk | | | | bankruptcy. You are going to have to start doing |
| factor. | | | | research and asking around so that you can try to |
| You are definitely going to need to do a thorough | | | | find these lenders. |
| clean up of your credit report. People who are | | | | But do not be too quick to try to get a mortgage |
| coming out of bankruptcy often face the problem of | | | | loan unless you are sure that you can make the |
| showing accounts as open when they were close | | | | payments. Learn from the mistakes you made that |
| due to the bankruptcy, and the payment obligations | | | | got you into bankruptcy in the first place. Perhaps |
| were wiped out. Therefore, get a copy of your | | | | you incurred too much debt or lost your job and did |
| credit report and see if this is happening to you. | | | | not have enough savings to cover you while you |
| You will have to get in touch with the credit bureaus | | | | found a new job, and you want to avoid those |
| so that they can take care of the problem. Your | | | | things that got you where you are in the first place. |
| credit report needs to show that those accounts | | | | |