Have you filed for bankruptcy? Well, it does feel bad and you kind of feel let down completely. However, this is definitely not the end of the world. Everybody can make some mistakes in life and deserve a second chance. However, the wise would be able to learn from mistakes of the past and never repeat them in the future.
When you are bankrupt, you feel like everything has come to an end and your future is crushed. However, this is not so. There is a way out - a bit difficult, a bit complicated - yet very much possible. Let us see what your options are once the bankruptcy has been filed:
Approach banks for a loan - the first time would be difficult and in most you will need collateral and/or guarantor. However it is, take the loan and start building up good credit. Adhering strictly to the repayment schedule and fulfilling all the conditions that the bank has attached to the loan would help you accomplish this task successfully.
Involve the bank - ask for financial guidance and advice from the source bank. They would love to guide you so you will not commit the same mistakes yet again. Hence, you will need to involve them and get the required help/ assistance/ advice to do so to get a good job with the cash.
Learn from your past mistakes - you had filed for bankruptcy because you miscalculated in a big way. When you start again, it is very important that you do not indeed commit the same mistake twice. However, as important as it is to learn from past mistakes, it is also important to move on. Find out where were the flaws the led to the present situation. Make an exhaustive list of these and then draw up a comprehensive plan about what you are planning to do to plug in all the visible weaknesses you have.
Be very disciplined with the cash from the bank - come what may you should not default on your payment now. The bad credit you have regarding the bankruptcy will stay with you for a long time - 7 years. The good news however, is that you can avail of some loans - but on very unfriendly terms. It does not matter how much is the loan - or whether you need it or not. What matters is that by availing a small loan and paying it back on time, you would be building a new acceptable good credit.
Types of loan - you should use the Internet to search and apply for online loans. These online sites most of the time, first approve the loan (depending upon your account transaction) and then asks for minimum documentation.
These some of the ways to get on with your life even if you are bankrupt!
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That's not true. Unless 'sense of humor' means 'money. ' I don't believe them bitches for second.
(Dave Chappelle, on women wanting a guy with a "sense of humor").