New Bankruptcy Law Secrets
Rebuilding Credit After Bankruptcy
Here is a very sneaky
way to quickly rebuild your credit either right after a bankruptcy or after your
bankruptcy drops off your credit report 10 years later.
Having someone co-sign a loan can lead to deep personal problems, especially if the loan isn't repaid on time.
But what if you go to a close friend or relative that already has an excellent credit rating and have them sign you on as an additional "authorized user" on one of their credit cards.
They sign you on their credit card and if their credit rating is strong, you will get an immediate boost in your credit rating. The trick comes in the fact that though they sign you onto their credit card - they don't give you the credit card's number and expiration date. Without that information you will be completely unable to make any purchases.
They share their credit rating with you and give your credit file a boost without any consequences or possible complications.
Neat trick eh?
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