The average credit score in Colorado is 674. If you filed bankruptcy within the last two years, your credit score probably falls below this average. And that's okay. There are plenty of ways that you can boost your credit score to qualify for conventional loan rates on your Colorado mortgage refinance after bankruptcy.

Survey the Damage
If you want to qualify for conventional loan rates in Colorado, you need a credit score of at least 650. To see how close you are to this number, the first thing you need to do is get a copy of your credit score. This will allow you to see exactly how much damage your bankruptcy has done. There are several different companies who can provide access to this score for a small fee. The fee ranges from company to company, but is usually less than $20.

Take Out a New Credit Line
Before giving you a Colorado refinance loan, most lenders will take a look at any new accounts that you may have opened after your bankruptcy was discharged. If you have taken out one or more new credit lines and paid your balances promptly, the lender will consider you a responsible borrower and will be more willing to overlook your bankruptcy issues.

Pay Your Bills Promptly
The best way to improve your credit score after bankruptcy is by paying your bills on time. If you have Chapter 13 bankruptcy payments to make, do so promptly. If you have credit cards or loan installments, make sure they are paid within an appropriate time frame. A payment that is 30 days past due can seriously mar your credit report and impair your ability to get a Colorado mortgage refinance after bankruptcy.