Fortunately, there are proactive steps you can take to begin restoring your financial stability to the point where you can purchase a residence for your family.
The very first step you should take is to start rebuilding your credit score. And you need a copy of your credit report to do so. Contact the three main credit reporting agencies and request a copy of your credit report for free. If you have recently obtained a bankruptcy judgment, there may be items on your credit report that have been dismissed. If so, you may disregard them. Create a strategy for paying off the remaining debts as soon as possible.
After establishing a repayment plan, you should apply for a secured credit card. Due to your bankruptcy, you will likely be required to pay a yearly fee for the privilege. Additionally, the interest rate will be significantly higher than you are accustomed to paying. However, it doesn't matter because you only intend to charge minor amounts that you can repay in full by the next billing cycle. The process of incurring minor charges and promptly repaying them will aid in credit rehabilitation.
Apply the same method of concentrated repayment to your utility bills. Make it a priority to pay your rent and other obligations on time. And until you regain your financial footing, avoid luxuries such as premium cable channels.
Finally, when you are preparing to purchase a home, you should think creatively. After declaring bankruptcy, one of the best methods to purchase a home is to rent a home with an option to purchase. Currently, housing prices are falling virtually everywhere. And, depending on where you reside in the country, there are many buyers who are unable to sell their homes at the desired price.
As a result, many of these buyers would be pleased to offer a lease-to-own agreement to those who are prepared to pay the asking price upon purchase. This results in a win-win situation for all parties involved and could easily land you your ideal home.""
" - https://www.affordablecebu.com/