Re: Bankruptsy

Posted by LadynRed (199.91.33.254) on August 23, 2004 at 15:17:03:

In Reply to: Bankruptsy posted by shannie on August 22, 2004 at 21:22:57:

BK will kill your score, but with collections like that already there, it won't hurt it much more than it already is.

Establishing new credit post-bankruptcy isn't all that hard, you just have to be very picky about what you apply for and with whom. Starting off with a secured card is best, and working your way to unsecured. Credit repair after discharge is necessary to make sure everything is reported right.

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