One of the first things you need to do, whether you filed bankruptcy or just need to rebuild your credit, is to set out a plan to rebuild your credit, as well as how you will use your borrowing abilities in the future. Without a good plan of attack on your financing and borrowing usage, you will run the risk of being in financial trouble again within a few years or so. Don't become a repeat statistic. Plan now, for protection later.
You have two options when it comes to repairing your credit ...
* hire someone, preferably an attorney who knows the credit laws;
* do-it-yourself using a good quality guide and your 3-in-1 credit report;
Whichever way you decide to go, here are just a few tips to keep you on track:
* Don't fall for scams that tell you to create a new credit file ... that's credit fraud if you do it, and can make you subject to legal repercussions;
* Do read the Fair Credit Reporting Act so you have an idea of your rights while you go through the credit repair process;
* Get yourself organized and committed to the process, there is no overnight fix;
* If you use an online service, you want to know what the fees will be, monthly or "as you go" is best, and you want to be able to cancel at anytime;
* Always act in a cooperative and professional manner when dealing with creditors or collection agencies;
* Don't make threats, however subtle, if you can't back them up.
There is a great eBook where you can repair your credit score and it's all for free. Click here for more information about the free eBook.
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