If yes, then it would be very difficult for you to get any type of loan approved. The best way is to rebuild your credit score. Though it sounds tricky, it is not as hard as you are thinking. There are number of ways in which you can rebuild credit, but you just need to make yourself aware about how you will do this. If you are able to learn necessary steps and technique, you will be able to quickly rebuild your credit. The following are some of the ways to rebuild your credit following a bankruptcy:

Take the benefits of a new credit card: The first step to improve your bad credit is to obtain a new card. With these cards, an amount of money which is equivalent to your credit limit is deposited by you with the bank or credit company much prior you receive the card. The reason for doing this is that if you are not able to pay your bill, the company will deduct it from your account. Once you show that you are regularly able to pay you bill, you can soon upgrade your regular card and the company would build a trust in you. The best part of secured credit card is that you get instant approval for credit but it requires small deposit to begin. But if you have messed you credit scores, this is quite difficult and risky as you would not like to put your assets as security deposits.

Make all your payments on time: With timely payment, you will be able to improve the effect of bankruptcy on your credit report. Few late payment or minor misses may affect your credit report a bit but major late payment or misses a bad impact which may hinder your recovery from poor credit. Again this is difficult as you are on the brink of bankruptcy.

Modify your personal budget and stick to it: One way is to create a monthly budget with main focus on controlling expenses and saving money. By making a habit of saving money and putting them in your bank account, you will not have to worry about money problems and will be able to pay on time. Again you cannot go beyond a certain limit; you can’t stop living after all!