“Here I am, I’m still standing. Here I am, after all I’ve been through. I survived every toil and every snare…” Pastor Marvin Sapp
According to the Administrative Office of the U.S. Courts, in 2005, approximately 1.6 million people filed Chapter 7 bankruptcy. Unfortunately, I am one of the individuals included in that 1.6 million.
I was the designated fool amongst my family and “so-called” friends. My poor judgment caused me to co-sign for family and friends that didn’t like to pay their bills on time or not at all. I also accumulated a lot of debt on my own trying to get ahead in life.
Obtaining credit after bankruptcy is difficult. You will likely end up paying higher interest rates and could be targeted by unscrupulous lenders who believe that desperation makes you an easy target.
Regardless of your situation, your goal after filing bankruptcy should be to establish a good credit history. Here are 5 simple things you can do to start re-establishing good credit.