How do I begin to rebuild my credit after bankruptcy?

Ways to Rebuild Credit After Bankruptcy

  • Don’t believe the bankruptcy myths the credit industry wants you to believe.
  • When you file, exempt your home and car so you have some debt to repay
  • Open a credit union account, take out a small loan after a year, repay on time
  • Open a secured credit card account, repay on time
  • Don’t apply for credit cards for which you’ll be denied. Denied credit goes onto your report.
  • Include a statement explaining your bankruptcy with credit applications.
  • Remember the lessons learned during the required credit counseling session.