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What do you do if your credit is poor and you have a bankrupty?

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Wiki User
February 18, 2006 10:55PM

If your credit is poor, you will need to take the time and begin rebuilding. Start with applying for a secured credit card. Select the card that is best for your needs as multiply credit applications can lower your score. Once you receive the secured card, use it to charge small purchases, say once every couple of months, and pay off the balance in full to begin a repayment history. With any credit application, read all the rules of the card including minimum balance, minimum monthly payment, default interest rate, grace period, monthly fees [if applicable] and when the cardholder would be eligible for an unsecured credit card [can the secured be turned over the an unsecured?]