How soon after a bankruptcy has been discharged should a person wait before trying to get credit cards again? And how easy is it? (please considering a brand new car was purchased 9 months before filing, payments never late and are still be paid for on time)? Thanks for any answers to can give me
RE: Getting credit after bankr go to www.futurecard.com its easy to get is a secured credit card and they report to the credit bureau
RE: Getting credit after bankr Providian is generous about extending credit after bankruptcy, and you can probably get a secured card from Capital One.
One more thing.. I'm not sure if there is a recommended timeline for how soon you should start re-establishing credit, but I waited two years and it actual hurt my ability to get decent credit when I tried to purchase a car last year. My Bk is almost 5 years old, but because I waited so long, I only had about two years of credit history--not enough to prove my creditworthiness for some banks. Because it's difficult to anticipate future credit needs, I suggest you start building as soon as you can. BTW--I started getting credit card offers a few months after discharge.
RE: Getting credit after bankr You should be able to get a secured card with both First Consumers National Bank (http://www.fcnb.com) and Umbrella Bank (http://www.umbrellabank.com). FCNB will probably give you a higher credit limit, while Umbrella has a better interest rate.
RE: Getting credit after bankr Elaine - I did this. My Chap 13 was Oct 96. I got providian - low limit high cost - get it. I got cap one - get it. I also got FCNB. All will approve you now - but FCNB will be a secured card. send in the bucks and get it. they are great. those 3 cards and perfect pymts for over 3 yrs just got me an AMEX Green Card, and those cards helped qualify AMEX. dogman
