After Bankruptcy: 

Although you should do all efforts to avoid bankruptcy as it damages your credit score abruptly. It may legally be there on your all credit papers for up to ten years. The first major job after bankruptcy is to improve your credit score. You will have to take efforts to improve your credit score. Some of the following tips might be beneficial for you to rebuild your credit score.

• Get a copy of your FICO score: You should immediately get a copy of your FICO score. Check and examine carefully the report and bring the any abnormality to the notice of the officials. It generally can take up to six-month time to get the mistake rectified, however you should regularly contact to the officials.
• Plan your income and expenditure: The next job is look after the factors responsible for bankruptcy. You can plan your incomes and expenditure and you need to look the whole budget of you and your family in detail.
• Pay bills in time: Remember that it is now very much necessary to pay your rent and other bills before time. The delay in payment may cause a severe setback in your credit rating.
• Pay some of the loan: Some of the loan such as education loan is not covered under bankruptcy so if you are still paying education loan, pay them regularly. If possible pay higher than the minimum amount due so that it will add some point in your credit score.
• Put some money in saving account: You need to open a saving and checking account with a bank and need to put some small money every month in the account. This will help in improving your credit rating and you will get the benefit of it.
• Use credit cards judiciously: Never delay payment on credit cards. It is better if you hold borrowing from your credit cards, as it will allow you to get lower outstanding amount on credit cards and higher credit rating. If holding a credit card is not possible use it sparingly and pay the due amount in time. It is better to have a limited number of credit cards, but do not immediately increase or decrease the credit card number.
• Do not take any loan from financial institutions: Some financial institutions offer loan especially after bankruptcy and charge heavy interest rates. Such financers could only add your financial trouble and it is better to avoid all such schemes.
• Visit consumer credit counselors: After bankruptcy, you need to know the art of managing your resources so that you are not trapped again. In such situations, credit counselors can help you in a great way. These counselors are professionals having plenty of experience in dealing similar problems and you will also found their advice useful for you.
• Sell your some spare items: Every person have something that he is she might not use regularly. If you have anything spare in your house that is no more required by you or your family members, sell the item so that you can repay to some of the lenders. This will help in improving credit score especially after bankruptcy.