Rebuilding credit after a bankruptcy or another negative...
If you have poor credit and want to do something about it, the best tools to use are credit cards to rebuild credit.
These cards don't rely on your credit history alone for approval. Instead, they rely on what you are able to do here and now. The first thing to do to rebuild credit is to get a credit card from a card issuer that provides credit cards for bad or poor credit.
Some people go out and buy a car so they can build credit. When they do this, they go further into debt and may even overextend themselves. With a credit card that is designed to help rebuild credit, this is not an issue. You don't have to spend more than you need to. Instead, you can use your credit card to pay existing bills, so your budget doesn't change at all. This keeps your credit card account active, your bills paid, and your credit score on the rise.
Once you have your credit card, take the time to start paying off old debts. Call your lenders and ask about bulk payments that may not even be as high as the debt you owe, but will be enough to satisfy the lender so they will appear on your credit report as closed. Take them one at a time and continue to make your credit card payments.
Using credit cards to rebuild credit is one of the easiest ways that you can start taking action on your credit report without having to purchase something you really don't need, like a new car.
Instead, pay your bills online with your credit card, so your money goes toward existing debts instead of new purchases. Not only does this improve your credit score, but it helps you get into the habit of healthy spending.