First, you will be inundated with credit offers following bankruptcy. Invest in a quality shredder and get used to stuffing unwanted mail into it. Almost daily, you will perform this action after visiting your mailbox.
Creditors are aware of your bankruptcy filing, and you cannot file again for several years. This is a marketing strategy used to convince you to apply for a credit card with a high interest rate or a loan with a high interest rate.
You must avoid these offers at all costs, or you will find yourself in the exact same position as before your bankruptcy.
Second, you should anticipate that your credit will decline before it improves. Your debts will be discharged after seven years, and you will struggle to have excellent credit until they begin to be discharged due to your bankruptcy.
Expect things to become somewhat more difficult before they improve. This is due to the fact that you will be paying on your bankruptcy for some time and will have to adjust to a new budget. It will become simpler with time, but you must be patient.
After bankruptcy, life is filled with ups and downs. It is also filled with credit and financing offers that you must avoid at all costs. You must adhere to your budget and borrow only when absolutely necessary.""
" - https://www.affordablecebu.com/
