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Follow a Budget. Your budget is your spending plan that will help you live below your means, preventing you from accumulating unnecessary debt.
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Set money aside. Open a long-term account at a bank or credit union that offers low to no fees associated with withdrawing early. Financial experts recommend setting aside an emergency fund equivalent to 3-6 months of expenses.
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Pay All Your Existing Bills on Time. Paying your current bills on time will help restore your finances and improve your credit score.
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Monitor your credit. Take an active role by monitoring your credit reports (you are entitled to view your credit report free every six months). If you see anything that seems incorrect, notify creditors and the credit bureau immediately to remedy the situation.
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Have faith. There can be a lot of baggage, both emotional and financial, with filing bankruptcy. Moving forward with a positive attitude and a thoughtful financial plan can help you rebuild your credit and get your finances back on track.
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Take out a loan. You can take out a loan against cash that you deposit. Make payments for 5 or 6 months and then pay it off.
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Become an authorized user. Let a family member add you as an authorized user so that some of their good credit history will be applied to you. However, it is important that they have good credit, otherwise their bad credit will be applied to you.
When you want to address your damaged credit, you need to work with lawyers who have the necessary experience and command of the law to get you results. Contact Harold Shepley & Associates, LLC.
