Basically, in a chapter seven bankruptcy, the day after you file bankruptcy it goes back to that “18 Again.” You can start building credit as soon as possible. You will absolutely get credit card offers in the mail the same week that you’re going to your court date with me. I typically recommend that you be responsible.
If you want to start rebuilding slowly, you do things like get a gas card and pay it off every month. We also enroll all of our chapter seven clients in a program called Seven Steps To A 700 Credit Score that will help you get to the point where in about one to two years you will be able to look at buying a house after bankruptcy.
Assuming you follow the program and take the necessary and responsible actions, you can also buy vehicles and get credit cards. We also enroll you into a financial management program so that you can work responsibly and build your credit, but it starts day one after you file your bankruptcy that you would start rebuilding your credit.