| According to both the Bankruptcy Code and the Fair | | | | your credit?If you are a first-time buyer, there are |
| Credit Reporting Act (FCRA), information on a Chapter | | | | government incentives to help you buy a home in just |
| 7 and Chapter 13 bankruptcy can remain on your | | | | the right neighborhood. If you are already a |
| credit profile for 10 years from the commencement of | | | | homeowner, a home equity loan or line of credit can |
| the case. But, the devastating effects don't have to | | | | be used to remodel your kitchen or make other home |
| last forever, and you can immediately start rebuilding | | | | improvements that will help improve the curb appeal of |
| your credit by following these tips:Clean Up Your | | | | your home. And, if you currently have an adjustable |
| Credit ReportsMany people find that when their | | | | rate mortgage (ARM), you may want to consider |
| Chapter 7 bankruptcies discharge, their credit reports | | | | mortgage refinancing to a fixed mortgage rate to |
| still show several, if not all, accounts as open and | | | | avoid the next interest hike and possibly cash out on |
| overdue instead of being closed with the obligation | | | | some of your home equity for home improvements or |
| wiped out as part of the bankruptcy. Contacting the | | | | loan consolidation. Believe it or not, a mortgage |
| credit bureaus and insisting that those accounts be | | | | refinance can also help you rebuild your credit and |
| properly reported as "included in bankruptcy" will help | | | | raise your FICO scores.Maria Ny is a respected |
| lessen the damage by a surprising amount. See "How | | | | free-lance writer from San Diego, California. She has |
| to Raise Your Credit Score" for more information on | | | | written many articles that covered a broad range of |
| cleaning up your credit reports.Rebuilding Your | | | | subjects ranging from Bankruptcy Reform, Credit |
| CreditMost people know that getting a secured credit | | | | Repair to Second Mortgage Financing. Check out her |
| card (with a typical credit line of $200 to $500) will help | | | | interesting articles online at Nationwide Second |
| raise your credit score and rebuild your credit provided | | | | Mortgage & Refinance.To learn more information and |
| that you don't charge more than about 30% of your | | | | get accurate interest rates quotes for Bad Credit |
| credit limit, and you make the payments on time each | | | | Mortage Loans. We suggest you learn more about the |
| month. But did you know that getting a mortgage or a | | | | benefits of the Second Mortgages to 125% from the |
| home equity loan (second mortgage) also helps rebuild | | | | loan experts at BD Nationwide. |