In these difficult economic times, unfortunately, many good people have had no choice but to declare bankruptcy and start over. Bankruptcy, of course, isn’t a permanent condition—eventually, these folks will re-emerge, and when they do, most have roughly the same question: how do I rebuild my credit?
Building your reports and scores back up is an important part of re-joining the credit community, if you will. The fundamentals are much the same as when you started building credit in the first place—you need to prove your creditworthiness and reliability as a borrower. This largely means paying various bills on time, or repaying any outstanding loans on schedule.