You’re interested in filing a bankruptcy and
you want to rebuild your credit as soon as possible. You actually want to rebuild your
credit within a year of your bankruptcy. My name is Andy Forman. I’m a Business and Consumer
Bankruptcy lawyer in Tampa, Florida and I deal with credit rebuilding issues day in
and day out. Rebuilding your credit is somewhat of a subjective term, but it can be done.
One of the things you need to do is to make sure that your credit report is accurate and
correct after your bankruptcy. Having an accurate credit report is the cornerstone of rebuilding
your credit as soon as possible. One of the things you want to do is to keep credit from
before your bankruptcy, whether it be a mortgage or a car payment. One of the ways to help
facilitate the quick rebuilding of credit is to acquire credit after your bankruptcy.
Typically, you can go to your bank or your local credit union and start a secured credit
card. Put a three or four-hundred dollar deposit in a CD and they’ll give you a three or four-hundred
dollar credit card and that way, on your credit report, you’re showing old credit that survived
the bankruptcy, being paid timely, and you’re seeing new credit. Rebuilding your credit
in a year is a stretch, but it’s possible if you know what you’re doing. My name is
Andy Forman. Good luck with your credit.