How to go from bankruptcy to excellent credit
Bankruptcy is one of the worst things that can happen to your credit score. So, are you wondering how to go from bankruptcy to excellent credit? When you think about it, you have two alternatives that you can choose from. One of them will take more time, and is more natural; the other one is really fast, but requires the expertise of certain companies.
How to go from bankruptcy to excellent credit the old fashioned way? Keep in mind that going from bankruptcy to excellent credit will take a lot of time. There is no way that you can remove that bankruptcy from your file, and it will negatively impact your score for seven years. What you need to do is compensate that negative score with a positive one that is even higher. This will not be easy, though. In order to have an excellent score, you must pay your bills on time. If you have problems with organizing and paying your bills each month, you should consider making the payments online or even having them automatically paid each month. For an excellent credit score you must also have a sufficient amount of unused credit. Don’t max out your credit cards and on the other hand don’t use too little credit. Doing all that will counter balance your bankruptcy, you must be 100% perfect in paying your bills on time.
How to go from bankruptcy to excellent credit the fast way? This is a legal “cheat” way to improve your credit score. It is not actually improving your credit score, but it is leaving your old credit score and creating a new one. You will need the help of professionals in order to be sure that you are doing everything correctly. You don’t want to mess up your score more than it was.
Consider carefully the pros and cons of each of these methods on how to go from bankruptcy to excellent credit. You may find out that one of them suits you a lot better than the other.
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Tags: bankruptcy, credit rating, credit score