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Step 1
Be proactive. You can’t just sit back and hope for good things to happen with your credit. You have to make them happen.
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Step 2
Order a copy of your credit report from Equifax, TransUnion and Experian to ensure that all debts that were discharged in bankruptcy are listed as having been discharged in bankruptcy (see Resources below). If you find mistakes, notify the appropriate credit bureau immediately.
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Step 3
Pay your bills on time every month. Consistently paying your bills on time will help strengthen your credit and show creditors you are credit-worthy.
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Step 4
Create a realistic budget and stick to it to ensure that you don’t face the same financial problems that forced you into bankruptcy.
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Step 5
Apply for a credit card. You will probably have to settle for a secured credit card; regardless, charge small amounts to the credit card each month, and make sure you pay the balance off each month.
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Step 6
Apply for a small loan with a co-signer, then make your payments on time every month. Doing so will illustrate that you are capable of handling money responsibly and will help strengthen your credit.
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Step 7
Avoid hiring a credit repair agency since many are scams that could make your credit worse. Repairing your own credit is possible and fairly easy if you’re prepared to put in the effort.
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Step 8
Check your credit report for errors, such as a closed account being reported as open, annually. Also ensure that your personal information--including name, address and phone number--is listed correctly.
