Home » Finance » Credit

Best Tips For Credit Repair After Bankruptcy

Jan 17, 2008
Engaging in credit repair after bankruptcy is one of the ways you go about getting your financial well being back on track. However, there are few things you need to do in order to pursue your goal of financial health. Here are a few tips that will help you go about getting back on your feet and avoiding the mistakes that put you in financial jeopardy in the first place.

First, forget about trying to fix your credit overnight. Your credit did not go down the tubes in a short period of time, and you will not fix the problems in a short period of time. This will mean you must have patience with yourself, and realize that the only way to improve your situation is to take one step forward at a time. Trying to take shortcuts will only lead to discouragement, and could set you on the road to making things worse than ever.

One of the first things you want to do is put together a realistic monthly operating budget. Initially, don't take chances on setting limits on budget items that simply are not in line with your income and monthly obligations. Find a financial counselor and get some help putting together a budget that will work. If you cannot afford to hire a financial counselor, then don't get discouraged. Many community organizations offer free courses in budgeting, and it is not unusual for local credit counseling services to offer free assistance in putting together a working budget. By allowing some other eyes to look at your budget, it is possible to get an unbiased opinion about the feasibility of each line item, and come up with perimeters that really do work within your means.

Next, steel yourself for some major life changes. As an example, you may have eaten most of your meals in restaurants. That is about to change. You are going to learn the joys of preparing meals at home. This will require some discipline on your own, and foreshadows your need to control your finances and your spending. No longer will you be heading out to the mall when you feel bored, nor will you rush out to buy something new whenever the mood strikes. Instead, you are going to learn to see meals out as a special treat that you only enjoy once or twice a week at most. When shopping, the focus is on what you need, not what you want. You will learn to not go grocery shopping when hungry, or clothes shopping when you are feeling depressed. Your entire approach to spending money will change if you want to get your credit back in shape.

Last, start using the free or inexpensive resources in your community as your sources for recreation and entertainment. Instead of spending thirty dollars for a book you will read and then put on a shelf, get a library card and use it often. Forget expensive evenings out and opt for those free concerts at the local university. Check out free exhibition sports events at local arenas, high schools, and colleges. You will be surprised at how many things are happening locally that will cost.

In short, your best tip for making positive changes in your credit rating is to learn to live within your means and enjoy doing it. Once you learn how to manage your money and your time, using your credit wisely will come much easier.
About the Author
For the best Credit Repair tips and tricks available online, visit Fix Bad Credit Report now! Here you'll find tons of informative articles, as well as full reviews on the top Credit Repair products and programs available today!
Rating:
Please Rate:
(Average: Not rated)
Views: 137
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources