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artist939

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Can you get credit after bankcruptcy
I filed for Chapter 13 in october 2003. I got my discharge. I waited almos ten years to apply for for department store card,to which they said that i will receive a letter by mail. I'm gussing it was denied. How long would the derragotary mark will stay on file. Will i be able to get credit any time in the near future? Please advise

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You can get a secure credit card now

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It's not the end this is a new beginning. My Chapter 7 was in June 2012 and I joined USAA and and signed up for a secure credit card where you put money down for a CD to cover the credit card. It's almost 2 years and my score is 678.

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Been there, done that.

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Bankruptcy is a matter of public record.  Since you applied in 2003 and it takes at least 3-5 years of payments before a Chapter 13 is completed, the time frame (7 years) begins after the payment is completed.  If it was 3 years, the BK was completed in 2006 and it will be off your credit report sometime this year (depends on the month it was completed).  If it took 5 years, then it will clear in 2015.

The first thing to do afterwards is apply for a secured credit card.  Then you make sure your utilization is below 20% and you pay the balance in full every month.  It takes a bit of time to rebuild but I did it, and so can you.  It is jut going to take some time and patience.

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Thank you. You gave me back hope.

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credit cards

My bankruptcy was discharged in 2013 and I got two department store credit cards in early 2015 with no problem. I got them Only to help my credit score. Perhaps times have changed since you asked this question? I hope so.

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