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Posted in Bankruptcy
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1935rob

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After filing bankruptcy with a particular credit card how long should I wait to reapply?

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Since a bankruptcy totals your credit score for about ten years and you have to totally rebuild from the gound up, it's going to be at least that long.

Top Contributor
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The first response provided to you is inaccurate. If you take the opportunity after filing to be diligent about rebuilding credit, you should be able to within a year or two. Start with a secured card and gradually build from there. Keep utilization to a minimum and NEVER have a late payment. I speak from experience. I had to file and was discharged 5 1/2 years ago. I have since had two new car purchases without a penalty interest rate and have 3 unsecured credit cards, 2 from Cap One with $10k each. So dont get discouraged by some elses innacurate doom and gloom response and focus on rebuilding.

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