How Do You Quickly Rebuld Credit Score After Short Sale?
While a short sale can be devastating to your credit, it is not as damaging as foreclosure and/or bankruptcy. Recovering from the impact of a short sale isn’t easy but it is possible to reestablish a positive credit history and boost your credit score in a fairly short amount of time. There are several steps you can take to quickly rebuild your credit after a short sale. Obtain a secured credit card or secured loan. A secured credit card or loan is one that is backed by collateral that you provide. Do not confuse prepaid debit cards with secured credit cards. A secured credit card is issued by a bank and is reported to the credit bureaus, whereas a prepaid debit card is not. Use your new credit wisely. With a secured credit card, your limit should be low, no more than a few hundred dollars at most. Use your card regularly but only charge as much as you can afford to pay in full each month. Keep your applications for new credit to a minimum and do not incur large amounts of new debt. Es
