It is true that filing for bankruptcy can be devastating to your credit but, there are ways to rebuild credit after completion of the bankruptcy process. A bankruptcy filing can remain on your credit report, legally, for up to 10 years. But, the effect on the credit score can start to be diminished soon after the case is closed. It is a general principle that you must obtain and use credit to build your credit score. According to the major credit reporting agencies some tips to follow include: 1. make sure all listings on the report are accurate, 2. be sure to review all three major credit reports (Equifax, Experian, TransUnion), 3. dispute inaccuracies pursuant to the dispute resolution process afforded the consumer by the credit reporting agencies, 4. be sure to monitor all three credit reports for inaccurate information annually and continuously dispute inaccuracies, 5. be sure to make payments on all remaining lines of credit in a timely fashion, and 6. make all rent/mortgage payments on time and pay by check.

Jeffrey Herrick