{"id":2788,"date":"2010-07-28T09:00:05","date_gmt":"2010-07-28T09:00:05","guid":{"rendered":"http:\/\/www.duncanlawonline.com\/?p=2788"},"modified":"2016-07-05T09:32:33","modified_gmt":"2016-07-05T13:32:33","slug":"rebuilding-credit-bankruptcy-6-steps-step-5","status":"publish","type":"post","link":"https:\/\/www.duncanlawonline.com\/staging\/8350\/rebuilding-credit-bankruptcy-6-steps-step-5\/","title":{"rendered":"Rebuilding Your Credit After Bankruptcy in 6 Steps (Step #5)"},"content":{"rendered":"

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\n“Rebuilding Your Credit After Bankruptcy in 6 Steps<\/em>” is a series of posts that will appear over the course of the next couple of weeks. Following these 6 steps will help you lay the foundation to achieve better credit. Here are the six steps:<\/p>\n

Step #1<\/a><\/strong>: Review Your Credit Reports<\/a>
\nStep #2<\/a><\/strong>:\u00a0Get a Secured Credit Card<\/a>
\nStep #3<\/a><\/strong>: Get an Unsecured Credit Card<\/a>
\nStep #4<\/a><\/strong>: Pay Your Monthly Bills, On Time and Every Month<\/a>
\nStep #5: When Appropriate, Get and Pay a Mortgage Payment or Car Loan
\n<\/span>Step #6<\/a><\/strong>: After Seven (7) Years Ask the Credit Bureaus to Remove the Bankruptcy Off of Your Credit Report<\/a><\/p>\n

By following the first four steps of this six step plan you are well on your way to reestablishing your credit.\u00a0 After your credit score has inched ever closer to the 700 mark you can go and make a larger purchase like an automobile or house.\u00a0 Don\u2019t purchase these items simply for the sake of getting them but if you need a newer (notice I said \u201cnewer\u201d not \u201cnew,\u201d big difference) automobile you can do this with your newly established credit.\u00a0 Like your other bills, you have to pay this each and every month.\u00a0 It\u2019s also important that you purchase something within your means.\u00a0 Look over your budget and make sure that you can afford this new vehicle or house.\u00a0 We don\u2019t want to ruin your credit after you\u2019ve worked this hard to rebuild it by failing to make the necessary payments.<\/p>\n

Making these monthly payments on a big-ticket item like a house or car is going to show the credit reporting agencies and those checking your credit that you have taken the steps necessary to rebuild your credit.\u00a0 They will view you as someone who is worthy of lending to.\u00a0 By this point in time your credit is going to be as strong, if not stronger, than your other friends and family.
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[av_section min_height=” min_height_px=’500px’ padding=’default’ shadow=’no-shadow’ bottom_border=’no-border-styling’ id=” color=’main_color’ custom_bg=’#d7d8ca’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=”] [av_heading heading=’Rebuilding Your Credit After Bankruptcy in 6 Steps (Step #5)’ tag=’h1′ style=” size=” subheading_active=” subheading_size=’15’ padding=’10’ color=” custom_font=”][\/av_heading] [\/av_section][av_textblock size=” font_color=” color=”] “Rebuilding Your Credit After Bankruptcy in 6 Steps” is a … Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,6,7,8,9,10,81],"tags":[],"class_list":["post-2788","post","type-post","status-publish","format-standard","hentry","category-after-you-file","category-bankruptcy","category-chapter-13","category-chapter-7-2","category-credit","category-duncan-law-blog","category-rebuild-credit"],"yoast_head":"\nRebuild Credit After Bankruptcy | Step #5: Get & Pay Loans<\/title>\n<meta name=\"description\" content=\"Step #5 of rebuilding your credit would be to obtain any necessary loans on items like a house or cars. 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