After a Bankruptcy or Foreclosure

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Dishonest money dwindles away, but he who gathers money little by little makes it grow.  Proverbs 13:11

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5 Steps to Getting a Mortgage After a Bankruptcy or Foreclosure

Step # 1 Obtain a Copy of your Credit Report and Clean up the Derogatory items
One of biggest problems that many people have after bankruptcy is that their credit reports still show several accounts as open and ...
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Step # 2 Pay all of your Bills on Time.
Bankruptcy is a means to financial recovery. It is intended to allow you to "start over" financially. After your bankruptcy...
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Step # 3 Have a strong documented Rental History.
This is critical as it is most likely the largest monthly expense that you have. The people that actually sign off on your loan's approval will look very hard at how you have paid your rent ...
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Step # 4 Apply for a Secured credit card.
Most recent bankrupts have trouble qualifying for a regular, unsecured credit card. So the best solution usually is a secured card, which generally gives you a credit limit ...
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Step # 5 Resist the urge (or encouragement) to buy a car.
Some may tell you that this is the best way to rebuild your credit. The problem is that your interest rate will be ...
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