| With one, messy, part of your financial life over you're | | | | to offer you. With this in mind over the next two years |
| probably ready to move forward and wondering how | | | | you should build up a history of good finances that a |
| long before you can buy a home after bankruptcy. | | | | future mortgage lender can look at. |
| The answer to that question is somewhat subjective, | | | | Apply for a secured credit card and use it lightly (less |
| but the short answer is two years, if you do a little | | | | than thirty percent of the limit) and pay it off in full each |
| work during that time. | | | | month. After six months to a year of this take out a |
| Lenders will not consider you for a mortgage for two | | | | small loan and be sure to make those payments in full, |
| years-if you find one that will they are not going to be | | | | on time, each month as well. Your credit history is |
| offering you a good deal. Waiting the two years is | | | | made up of two types of payments, installment (loans) |
| important to getting a fair deal, and since this loan will | | | | and revolving (cards), so having a history of positively |
| be with you for many years to come it's worth taking | | | | fulfilling both of these types of payments will get you a |
| the time necessary to get a good one. During those | | | | long way on building up your credit. |
| two years you can do a lot to improve your credit and | | | | Other than this try and hold down the same well |
| earn yourself a fair interest rate. | | | | paying job for a long period of time, as this will show |
| What interest rate you will be offered is decided | | | | stability, and make sure you don't get in over your |
| based on what level of risk you represent to the | | | | head with your finances. After two years of healthy |
| lender. If they think you are likely to not make your | | | | finances you'll be able to buy a home after bankruptcy. |
| payments on time they will raise the rate they're going | | | | |