If you are emerging from bankruptcy, whether it be a Chapter 7 or a Chapter 13, you may feel as if a great weight has been lifted off of your shoulders, and that you have a new lease on life. Of course, debt isn’t a problem right now, and you would be hard pressed to get back into debt again.
However, our economy runs on credit, and you may need to establish it in the event that you want to replace a car or purchase a home. But with a recent bankruptcy on your credit report, it is understandable that you may be ambivalent about your chances of getting credit again. As we have noted in the past, it is possible to have a distinguished credit score after a bankruptcy. This post will highlight three ways to achieve it.