Posted on
November 19, 2009
at
10:37 pm
I am considering to file bankruptcy and I know how risky this is, but I still want to give it a go and see how this will work out for me. I know I have to rebuild my credit after everything is over, and of course in order to do that I know I have to get credit... But is that really possible? can you get credit after bankruptcy?
Posted on
November 19, 2009
at
11:46 pm
Can you get credit after bankruptcy? Yes, you definitely can. Choosing the right kind of credit is absolutely essential here. A number of creditors may choose to grant you credit but will charge you a higher interest rate compared to new applicants who haven't filed for bankruptcy in the past.
Posted on
November 20, 2009
at
12:14 am
Can you get credit after bankruptcy?Your best bet for getting credit after bankruptcy would be acquiring a secured card. The collateral in question here is money, not property, and the amount that you used as security for the credit card also serves as the amount for your credit limit.
Posted on
November 20, 2009
at
1:25 am
By also getting a secured card you would be more inclined to pay the needed payments timely and with the right amounts. You have the opportunity to start over again to get your credit back in shape.Aside from a secured card, can you get credit after bankruptcy? Yes, definitely. If you get a gas and department store card, that can also be beneficial in rebuilding your credit. Having the right mix of credit cards is essential in building your credit score. By obtaining the right combination of cards and paying them on time, you can be sure that your credit score will increase a little at a time.
Posted on
November 20, 2009
at
1:41 am
I went over your post again and I realized that you were still about to file for bankruptcy. I just want to let you know that there are various options available. You may seem to be in a very tough financial bind right now, but you still can get this taken care of even without filing for bankruptcy. Your options include consolidating your debt thru credit counseling or debt settlement. Bankruptcy should only be considered as a last resort and nothing more.
