Rebuilding Your Credit

There are several ways to rebuild your credit history.  Here are some ideas and suggestions:

Get a Secured Credit Card

For consumers who have recently gone through bankruptcy, it is wise to obtain a secured credit card.  Secured cards require that the applicant open a bank account with a balance matching the credit limit of the secured credit card.  Typically, the limit will amount to $500 maximum. You must be careful about using the card too often and limit your charges to no more than approximately 30 percent of your credit limit.  Focus on light, regular use of the card to help rebuild your credit.  It is important that your credit card is reported to the credit bureaus, but try to prevent having it reported as a secured card.  Also, don’t just grab any secured card that is available.  Take a close look at possible upfront charges and annual fees, which can be enormous.  In addition, ensure that your payment history is being reported to the three major credit bureaus:  Equifax, TransUnion, and Experian.

Open a CD

Using a certificate of deposit (CD) as a method to rebuild credit is another option.  A small personal loan is used to open a CD for a minimum of one year, and the loan payments that are made on-time will show good credit history during the length of the certificate.  This strategy is helpful to re-establish credit without having the temptation of a credit card.

Installment Loans

Student loans (not typically dischargeable in bankruptcy), can be used to rebuild your score with timely payments. Paying more than you owe, if possible, will help even more.  Other types of installment loans that can help rebuild your credit include auto loans (expect a very high interest rate initially) and a high-rate mortgage, which is sometimes available in as little as six months after your bankruptcy case is closed.  Just make sure you can really afford a home before buying it.

Additional Ideas

  • Pay every bill on time
  • Check your credit reports regularly
  • Save as much money as possible
  • Minimize the number of inquiries on your credit report


  • Red Hill Law Group really knows their stuff. They certainly don’t try to push you into bankruptcy. They carefully explained everything, including how a short sale could impact you, and how sometimes it’s better to file Chapter 13, keep your house and make payments. They really seem to care about their clients and that’s very important to me. I recommend them highly.


  • The team at Red Hill Law Group took the time to explain our options and how they could help us climb out from under what seemed a mountain of debt.  Bert Briones was so professional, responsive and understanding of our situation it gave us the reassurance we needed to move forward.    I would recommend the Red Hill Law Group team to anyone struggling with credit card debt and unsure of what next steps to take.

  • Bert and his staff are truly exceptional. They treated me with respect and the utmost sensitivity. They were always easy to reach by phone too, which is huge. Altogether, working with them was a very positive experience for me, and I could not recommend them highly enough.

  • They made my hard situation so easy for me.  Accomodated my work schedule and so down to earth and friendly.  Told me exactly what to expect up front and every thing went exactly as planned.  Kelly, Bert’s assistant, was awesome too.  She is sweet, professional and organized!

  • Red Hill Law Group has helped in a way that would have been impossible for me to do on my own. They have negotiated on my behalf and have come up with a reasonable re-payment plan with my creditors.  Although this has been a long journey for me I look forward to the day that I am completely debt free and I will owe that respect to this law group.

  • Red Hill Law Group has been very helpful and resourceful. I was treated with respect and care.  The results were beyond my expectations.

Orange County Bankruptcy Attorney Bert Briones

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Orange County Bankruptcy Attorney
Bankruptcy Lawyer in Orange County CA.

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