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. Always make it a habit to not use more than 40 percent of your credit limit on any revolving loan. Pay All Your Bills On Time To build up your credit score after bankruptcy, remember to pay all of your bills on time. During the past five years, more and more people have filed for bankruptcy, either because of the lingering recession, or because of personal financial blunders. While filing for bankruptcy may help an individual get a fresh start, it also has its share of long-term negative effects, especially on their credit score. Use a credit card for making small purchases, and don t use it to borrow money every time you go shopping. Correct All Errors In Your Credit Report Once you get hold of your credit report, check it thoroughly, just like using a fine-tooth comb for removing any tangles in your hair. Be on the lookout for any inconsistencies or errors, and carefully read all three of your credit reports. A hard inquiry also refers to a credit report that's requested by the Internal Reveue Service or the courts. How Too Many Inquiries Can Damage Your Credit Score Each time someones looks at your credit report, an inquiry is often noted. However, if a lot of inquiries are made, you could appear to be shopping or looking around for different loans at once. In the United States, there are three major credit reporting agencies, where most creditors submit their client s payment history and personal information. The information submitted by your creditors to these credit reporting bureaus include date of account opening, type of accounts, payment history for each account, late payments, unpaid child support, overdrawn checks, or any foreclosures, suits, wage attachments, liens and bankruptcies that are derived from federal and state agencies. 5 Ways You Can HURT Your Credit Score A lot of factors can do serious damage to your credit score, and it won't only be limited to the irresponsible use of a credit card. Other loans and forms of credit also hurt your credit history, and may have serious effects on your financial health. Aside from credit card payments, other loans or bills like unpaid apartment rentals and medical bills can also hurt your overall credit score.