Simple Ways to Rebuild Credit After Bankruptcy

1. Begin Paying Your Bills Early...Worst-Case, On Time. Stop paying bills late. Draw a line in the sand and say..."No more! All bills from this point on will be paid early...worst-case, on time."
2. Avoid Finance Companies. Credit from a finance company is not good. Not only is it very expensive, having finance companies appear on your credit reports lowers your FICO credit scores (which makes everything else more expensive).
3. Just Say, "No," to Co-Signers. You don't want to have co-signers for several reasons. First, it's not a wise thing to do. You put the co-signer's credit on the line if something goes wrong. In addition, having co-signers appear on your credit reports weakens your position with future lenders. When a new lender sees you've had a co-signer, they'll consider you a greater risk and they may ask for a co-signer for their loan as well.
4. The Word "No" Means Nothing. You've got to get in your head that the word "no" means absolutely nothing. So if a car dealer tells you, "There's no way you'll be able to get financed for a car loan after bankruptcy, you shouldn't believe him. If a mortgage broker laughs at your goal of owning your first home instead of renting...laugh right back at them.
5. Discover the Power of Asking Open-Ended Questions. When a lender tells you, "No,"...don't stop there! You'd be missing out on the best part of the experience. You need to ask some very important questions, like..."What would you do if you were me?" , "Since you can't help me, where would you go if you needed to get financed?". Asking open-ended questions like these helps you find the people you should have been talking to in the first place.
6. Get copies of your credit report from all 3 credit bureaus. Make sure any outstanding bills that you have paid off, are no longer reflected. If they are, send copies of your documentation (always get documentation when paying off bills) showing that the bills were paid and ask them to update your credit profile.

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