Here are five innovative ways for rebuilding your credit after being bankrupt. Get A Secured Credit Card Once your bankruptcy has already been discharged, slowly build back your credit, by getting a secured or prepaid credit card. A prepaid credit card can act like a debit card, where you put in cash, and you draw against it, and you reload the card again. To develop the credit scoring system, a creditor generally weighs each of the major factors, based on how each of the factors predicts whether a person is deemed a good credit risk. Credit scores generally have a range between 300 and 850. Here s a rundown of the standard score range. 300 499 Bad Credit 500 580 Poor Credit 580 619 Low Credit 620 679 Average Credit 680 699 Good Credit 700 850 Excellent Credit Regularly Monitor Your Credit Score According to credit experts, a good to excellent credit score is often weighed as a future sign of your credit value, and if your credit score is Good, then your future loan s interest rates will certainly be lower than usual. How To Interpret Your Business Credit Report: 5 Tips A business credit report is similar to a school kid's grades , although the grades refer to a small, medium or large business entity's dependability to handle its debt's, as well as the ability to qualify for loan from creditors. Here are 5 helpful tips for interpreting and evaluating your business credit report. By consistently paying your bills on time, whether they are credit cards or utility bills, insurance premiums, parking tickets and even library fines, your credit score will be further enhanced. Late bill or loan payments generally cut as much as 100 points from your credit score, which reduces your chances of availing loans and other forms of credit. While owning a credit card offers its benefits, the sad thing is that if you don t use a credit card responsibly, you could face a soaring mountain of debt, which can help to taint, or entirely mangle, your credit score. Here are five innovative ways for repairing your credit card debt. Pay Your Bills On Time Each time you use your credit card for making various purchases, always remember to pay your bills in full each time they come due. Aside from credit card payments, other loans or bills like unpaid apartment rentals and medical bills can also hurt your overall credit score. Here are five ways to hurt your credit score. Late Credit Card Payments and Large Balances Late credit card payments not only burden you with additional surcharges and fees, but it can also put a black eye on your credit history.