Remove Bankruptcy

bigstockphoto gavel  87463 300x225 Remove BankruptcyWhat do you need to do when you want to remove bankruptcy from your credit report? The answer is, “start applying financial management principles to your day-to-day life.” Look at the positive aspect of the situation because there is nothing than can undo the present status.

So, you have filed for bankruptcy. It’s definitely not the end of the world. Take it as a second chance to stabilize yourself financially and use it to its full capacity. After all, you have paid a great price for this second chance – so use it!

A bankruptcy record remains on your credit report for 10 years. But you should begin now – today – to follow the principles of good financial management, such as keeping your credit card debt to a maximum of 30% of your credit limit, paying your credit card bills in full before the due date, saving at least 10% of your income, and so on.

Think of your bankruptcy not as a disaster, but as a learning experience. Tell yourself “better times are ahead” and then make it happen!

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