While the recovery process may be quite long and stressful, and sometimes you ll only be left with nothing with your shirt on your back, or your pants and shoes, there is always light at the end of the dark tunnel. Here are five innovative ways for rebuilding your credit after being bankrupt. 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. The easiest way for improving your business credit score includes paying your obligations and loans ahead of schedule. Once you get a score of 80, this will indicate that your business is paying its loans on time. By making sure that you pay your loans and obligations early, your business credit score should easily move up in the most reasonable period of time. However, a person cannot simply wish to receive credit as they please, because they will need to apply for it, and most credit companies also take a closer look at a person s credit report, to see if they are truly credit-worthy, and know how to manage their finances well. Here are the five basic elements of a credit report. Small bills like mobile phone monthly payments may help to enhance your credit rating, and will also indicate that you're well-rounded when it comes to handling different forms of credit. Dispute Any Errors In Your Credit Report If you still haven't seen an exact copy of your actual credit history, get a copy now and analyze it properly. If your business credit report does not provide you the same scoring system, go to the reporting company's Web site, and find out how to interpret your numbers. Collection Proceedings In evaluating your business credit report's collection proceedings, find out whether you have a history of letting your bills lapse, or whether some of your accounts have been sent to collection. While the names used by the major credit companies are essentially the same, lenders often use just one credit report, to analyze your loan application. Myth No. 2 To Repair Your Credit Score, Simply Pay-off All Your Debts The truth is that your credit score will be influenced, and determined by your past credit history, and not by your current amount of debt.