Also have a considerable savings and checking account, as well as learn to regulate it too. Your creditors will view a well-managed bank account as a sign of stability. Add Other Small Forms Of Credit Once you've paid-off a large portion of your current debts, add other forms of credit, like get a small mobile phone contract, and pay it off every month. Get A Secured Credit Card Once your bankruptcy has already been discharged, slowly build back your credit, by getting a secured or prepaid credit card. A prepaid credit card can act like a debit card, where you put in cash, and you draw against it, and you reload the card again. Always make it a habit to not use more than 40 percent of your credit limit on any revolving loan. Pros OF Credit Monitoring Services - A credit monitoring service makes a person life so much easier. Instead of personally filing for a credit report in the agency s office, you simply need to go online to quickly pull them up. A credit report is generally presented in an easy-to-understand format, which won t require you to hire the services of a professional financial analyst to sort through the clutter. Credit Score Monitoring And Starting A New Business For those planning to start their own business, credit score monitoring is an important and must-do step, which helps protect a businesses' ability to borrow from lenders, at competitive interest rates. In getting a deeeper understanding of the value of credit score monitoring, a business owner must first analyze how their business credit profile is built, and learn what the score really means, as well as find out exactly who looks at it. While drafting this type of budget can be quite hard, once you re successful at formulating the right budget, it could help track down any unnecessary spending, and it will allow you to adjust your finances in order to spend for your real needs, and steer clear of unwanted debt. However, if your credit cards debts have piled up too high already, and are beyond your control, then under these extreme circumstances can you file for bankruptcy. Order a Copy Of Your Credit Report From The Big 3 Credit Agencies The first thing to do is to order a copy of your credit report directly from each, or any of the three major credit agencies. Don t get your credit report from third-party agencies, because chances are you could be disputing errors or flaws that don t even exist.