Comments on: What is the best way to repair credit after bankruptcy? http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/ Wed, 17 Aug 2011 05:23:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: mjghunter http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/comment-page-1/#comment-1573 mjghunter Tue, 29 Sep 2009 10:32:19 +0000 http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/#comment-1573 Never borrow money again and don't worry about your credit anymore. Never borrow money again and don’t worry about your credit anymore.

]]> By: Beverly S http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/comment-page-1/#comment-1572 Beverly S Tue, 29 Sep 2009 03:04:15 +0000 http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/#comment-1572 You have the answer- a secured Visa/Mastercard- Use no more than 30% of your limit- don't pay late- pay more than minimum payment but don't pay it off each month. After 6 months they will usually increase your limit. When paying rent- pay by check- the mortgage company is going to want proof of on time rent for 24 months. A handwritten receipt does not work (anyone can write their own receipt). FHA will also let you use non-traditional credit such as light bill- cable bill- etc if you don't have enough credit. Just make sure you have at least a year of that (with everything in your name). Put the $5000.00 in savings now & keep it there. You will need 3.5% down for FHA. No bad credit allowed after the bankruptcy so make sure of that. Good luck! You will need a 620 credit score most likely. You have the answer- a secured Visa/Mastercard- Use no more than 30% of your limit- don’t pay late- pay more than minimum payment but don’t pay it off each month. After 6 months they will usually increase your limit. When paying rent- pay by check- the mortgage company is going to want proof of on time rent for 24 months. A handwritten receipt does not work (anyone can write their own receipt). FHA will also let you use non-traditional credit such as light bill- cable bill- etc if you don’t have enough credit. Just make sure you have at least a year of that (with everything in your name). Put the $5000.00 in savings now & keep it there. You will need 3.5% down for FHA. No bad credit allowed after the bankruptcy so make sure of that. Good luck! You will need a 620 credit score most likely.

]]> By: SPIFIMAN1 http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/comment-page-1/#comment-1571 SPIFIMAN1 Sat, 26 Sep 2009 10:17:08 +0000 http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/#comment-1571 Well you should have got that credit card back in 2004 when you BK discharged and you would not be asking this question. It takes 24-months of good payment history to qualify for a F.H.A. loan after a bankruptcy. The fastest way to build score is to get at least 1 more card and use them both for every day things and pay them off in full before the due date. You can also take out a loan against your $5,000.00 and pay it back in 12-months just make sure that your bank reports to all of the credit bureaus first. Well you should have got that credit card back in 2004 when you BK discharged and you would not be asking this question.

It takes 24-months of good payment history to qualify for a F.H.A. loan after a bankruptcy.

The fastest way to build score is to get at least 1 more card and use them both for every day things and pay them off in full before the due date.

You can also take out a loan against your $5,000.00 and pay it back in 12-months just make sure that your bank reports to all of the credit bureaus first.

]]> By: Furball1999 http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/comment-page-1/#comment-1570 Furball1999 Fri, 25 Sep 2009 20:49:04 +0000 http://raiseyourcreditnow.com/what-is-the-best-way-to-repair-credit-after-bankruptcy/#comment-1570 I would try to build up good credit with a local bank. By taking out smallish loans and paying them back. You can use the 5000 dollars as collateral. I would try to build up good credit with a local bank. By taking out smallish loans and paying them back. You can use the 5000 dollars as collateral.

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