Re: After BK...How could I rebuild my credit?

Posted by michele (64.12.116.84) on July 15, 2004 at 18:11:10:

In Reply to: After BK...How could I rebuild my credit? posted by lulu on February 10, 2004 at 23:13:43:

You can rebuild credit a few ways. Getting a secured credit card with a small credit limit is ideal. You tender, say $500.00, to the credit card company and they extend you that much credit. You then let them hold the deposit and make your payments/pay off your balance at the end of the month. This secures them, while allowing you to rebuild a good history. Once you've been doing that for about a year or so, you may be able to get a regular credit card. Expect to pay a higher interest rate, though.

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