Unsecured Credit Cards After Bankruptcy

Unsecured Credit Cards After Bankruptcy

Question by jorst: What's the best credit card to get after a bankruptcy? I declared bankruptcy three years ago. I'm being deluged with credit card offers. Is there a best card to go for, a best interest rate, or should I just forget the whole thing and stick it out with my Visa debit card I have through my bank? Best answer for What's the best credit card to get after a bankruptcy?:

Answer by VaTreasures
Get one with no annual fee. You should get one with a low credit limit(you can lower it or underreport your income) and pay it off every month.

Answer by Amanda
Whatever you get, you really should pay it off every month to work toward getting your credit repaired. Also, beware, just because they say you are "pre-approved" they may not offer you a card when they run a credit check. IF you plan to keep a balance, there are many credit cards that have 0% interest for a year or so. Once again, pay it off every month to prevent future bankrupcies. Only charge when you have cash to back it up. Good luck.

[best credit cards to get after bankruptcy]

www.DuncanLawOnline.com This is step #2 of a six part series on how to rebuild your credit after bankruptcy. To learn more about rebuilding your credit visit our website. You CAN rebuild your credit after bankruptcy.

creditcardsbusiness-tips.blogspot.com Step 2 of Rebuilding Credit After Bankruptcy - Get A Secured Credit Card

(MCT) â€" The Republican candidate in the 43rd Assembly District who has touted himself as a “business conservative” extinguished more than $ 49000 in credit card debt after he and his wife emerged from Chapter 7 bankruptcy protection, court records show ... Krikorian Shrugs Off Cash Woes

Unsecured credit cards after bankruptcy are often very difficult to get. This is because bankruptcy leaves a big stain on one's credit rating. Card companies are not willing to trust people who have declared bankruptcy. But, that certainly means you can't get one.

The best way to get an unsecured credit card after bankruptcy is to look for credit card lenders that specialize in giving out cards for people with poor credit. Some of the major card companies do have these types of cards and there are a lot of smaller companies found online that will offer cards to people with bad credit if you apply online from their websites.

You have to understand one thing though if you have declared bankruptcy. You will never get the best deals from card companies until your credit is fixed up again. Any sort of card you come with high interest rates and additional fees or restrictions.

But, restrictions or not, it's still necessary for you to get a credit card after bankruptcy, because using one can be one of the best ways to repair your credit history fast.

Now, if you cannot qualify for one of these poor credit credit cards, than you can always go to your bank and give a deposit for a secured credit card.

The deposit you give will be the "limit" of the card. These cards are very useful because you can use it like a normal card and rebuild your credit with them. It's better to get an unsecured credit card after bankruptcy than a secured one, but if you have no choice than you need to take what you can get. Find More Unsecured Credit Cards After Bankruptcy Articles