Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Karma
Profile Image

Question By
backontrac

0 Contributions
0 People Helped
how hard is it to rebuild your credit after bankrupcy

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
784 Contributions
298 People Helped

Been there, done that.  I don't know what your credit score is; but the lower your credit score is the more interest you will be charged.  Be very careful applying or 

Top Contributor

Reply by
mindjazz

784 Contributions
298 People Helped

getting credit. If you default, creditors can follow you till the ends of the earth, because they know you can't file bankruptcy again for seven years. 

I started rebuilding my credit with a secured credit card.  Lenders such as Capital One will generally give you a secured card for $300. Do not use more than 30%, or $90 of that card. The interest rate will be high, so pay it off every month. It will take time, but your credit score will improve. Always make payments on time, and never charge more than 30% of your limit. Try to keep it at 10%. 

It was a long haul, but I finally have an excellent credit rating and you can achieve it too. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.