Credit

Making Payments to Credit Card After Bankruptcy

Good credit score 700 750

So if you have past due accounts and filed for bankruptcy, there are some things you can do to address this, which can boost your credit score and get it back on track. One is to pay off the whole past due to balance immediately in one fell swoop. By doing this, you can almost instantaneously bring your account back into the land of the living and in the process, restore your credit score to its former glory.

However, the bigger the amount of your past due balance, the bigger the minimum payments will be of interest and charges would’ve already been incorporated into the amount. But nevertheless, it’s still the best and fastest way to prevent your account from totally dying — or being sent to the mortuary called collection agencies — and bringing your credit score along with it to the grave.

Bring Credit Score Up

Another way you can handle your past due to balances in order to bring your credit score back up is to just catch up on your payments. Let’s face it, paying off the entire past due to balance may be too dif´Čücult to do with just one lump sum payment. Reach out to your creditors and negotiate for you to be allowed to pay off your past due balances within 3 to 6 months if needed. That way, you’ll be able to gradually wipe out your past due to balances. Learn more at http://bnkut.com

If your creditors don’t formally agree to a staggered payment of past due balances? Just add extra payments until you’re able to completely catch up and reinstate your account's status as current.

Just bear in mind that while you’re still making your catch up payments, it'll still be considered past due. Your account will only be restored to its “current” status once you complete all your catch up payments, i.e., settle your past due to balances in full. And if you're not able to catch up by the time your past due account turns 180 days old, it may be completely charged off by your creditors and damage your payment history and credit score. Learn more at http://bnkut.com

Re-Age Your Past Due Account

If you can actually pay the whole amount of the past due balance without the interest and charges that bloat the amount to mutant proportions, it’d do you good to ask your creditor if it’s possible to re-set or re-age your past due to account. Why? Doing so can make your delinquencies vanish. While creditors aren’t obliged to re-age past due accounts, some do agree to re-age such accounts particularly if it’s a borrower’s first time to become past due. There’s no harm in asking so why not do so?