1. Make a copy of your credit report and double-check it to ensure that your discharged debts are not marked as delinquent and open. It should instead be labeled ""included in bankruptcy."" If not, contact your credit agencies to have this issue resolved. You must provide them with a copy of your bankruptcy discharge letter in order for the correction to be made. Now that your credit report is in order, you can focus on establishing your credit history.
2. Maintain proof that you are paying all bills on time, including rent and utilities. This is a good way to demonstrate that you are managing your financial problem with care.
You will need at least a 3% down payment to purchase your new residence. You have a greater chance of obtaining the loan and will pay a reduced interest rate.
You could contemplate obtaining a secured credit card or an installment loan. This is due to the fact that if you have a secured credit card and pay it in full every month, your store credit can increase rapidly.
The same is true for installment loans, such as auto loans and student loans. Consider this option cautiously, as you must be absolutely certain that you can afford the payments. Remember that timely payment is of utmost importance. Any harm to your credit will inevitably reduce your prospects of obtaining a mortgage.""
" - https://www.affordablecebu.com/
