How To Increase Your Credit Score After Bankruptcy



How To Increase Your Credit Score After Bankruptcy

– Create a Debt Payment Plan
The fastest means of improving your credit score is to focus on paying off your outstanding debt.

– If you are not paying off your debt, your credit will suffer.
Continually make current payments to reduce the negative impact debt has on your credit.

– Keep Your Credit Card Balances Low
The balances of your credit cards should be kept as low as possible.

– Lower Your Card Limits
To keep yourself from spending more, ask the credit card companies to lower your limits.

– Challenge Interest Rate Rises
If your creditors attempt to raise your interest rates, you can challenge them. However, you have entered into a legal agreement that requires you to pay accrued interest.

Suing your creditors can be useful in some circumstances in cases where the court considers the interest rates to be excessive.

Starting a program of debt consolidation after bankruptcy may be an excellent option to help you repair your credit and get on a healthy financial path.

Establish a budget that works for your circumstances, and use as much available money as possible to pay down your debt.

To read the full blog post visit

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TCA Financial –
600 B St.
San Diego, CA 92101
(888) 640-8832

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