Moving Forward After a Chapter 7

Moving on after you have filed a Chapter 7 bankruptcy can be a difficult thing to do. Many people who have been filed for bankruptcy become afraid to finance and shy away from credit cards. While the fear of failure is natural, you will have to learn how to move on and build up your financial picture once again. Here are a few things that you should consider if you have filed for Chapter 7.

Make Payments on Time

Rebuilding your credit after a bankruptcy will not be easy. However, there are many things that you can do to help. The most important thing that you can do after a bankruptcy is to start making your payments on time. This includes anything and everything that you have a payment for. Pay your water bill on time, your phone bill and other household expenses as well. While it will not affect your credit overnight, a steady stream of on-time payments will help.

Be Consistent

Most of the time a bankruptcy stays on your credit report for about 10 years. Therefore, you will have to form the habit of being consistent in your payments. Consistency is the most important part of the process of rebuilding your credit. Stick with it and one day soon you will be back on your feet.

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