Some people who have fought a battle to get a fresh start from unsecured debt do not want to consider taking on more credit. However, others find it necessary after a bankruptcy, for example, to rebuild their credit for the purpose of buying a house, applying for a job or getting financing for some other important life objective. There are proven ways, recognized in Mississippi and nationwide, for turning a bad credit record into a very good one.
The main quality to restore to the reporting agencies is anything that shows that one is paying his or her current debts on time. Whether it be a new secured credit card or a car loan that was maintained up to date during and after a bankruptcy, all debts must be paid on time. The lenders are generally conscientious about reporting these payments to the credit reporting bureaus.