How to rebuild your credit after a bankruptcy |
| How to rebuild your credit after a bankruptcy - After your bankruptcy is discharged your credit score will fall dramatically. There are however ways to rebuild credit and increase your score quite easily. One of the best methods is a secured credit card.These cards are fairly easy to obtain and are availible through most major banks. Rent to own centers often report to the credit companies and are another great way to rebuild your credit. Just be sure to keep the payments manageble to avoid repeating the financial problems you are trying to recover from! There are five major types of information used to calculate a FICO score and they are listed below. Each type of information counts as a percentage of a total FICO score and the calculations may vary a bit from each credit agency. This is a good rule of thumb to follow:
- 35% Payment History
- 30% Amounts Owed
- 15% Length of Credit History
- 10% New Credit
- 10% Types of credit
++
|
|
|
Please
visit my other websites at:
wholesale airsoft guns
Mortgage Broker | For Sale By Owner Tips | VA |
 This
is not a commitment to lend. Restrictions may apply. Information is
subject to change without notice. All loans are subject to credit approval.
Equal Housing Opportunity. |
