How can I start to rebuild my credit after bankruptcy?

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I filed for bankruptcy in late January of this year and my debts are set to be discharged on May 8th. How do I begin to repair my credit now? I’ve looked at several similar questions here and most responses are to get a credit card and use it and pay it off well before the due date each month.

But what credit card? Who’s going to touch me right now? I’ve heard I’m not as much of a risk since they know I can’t file again for 7 years (not that I ever plan to do this again).

I’m afraid if I apply for a credit card and get turned down, it’s going to hurt my credit.

Any suggestions?

3 Comments
  1. Reply
    GatorswithGuns
    June 26, 2011 at 7:59 am

    You will have to get a secured credit card. It’s the only type of card you can qualify for right now. Other than that, pay your bills on time, save some cash, pay down any debt that was not discharged, and your credit will heal in time.

    The most important thing will be to change the behavior that led to the bankruptcy in the first place. You might be surprised how many people end up filing for bankruptcy more than once. I would suggest this article to help you get a plan together for saving money and getting your financial house in order. http://money-411.com/making-a-debt-management-plan/

  2. Reply
    amazing grace
    June 26, 2011 at 8:05 am

    My friends used a company called DEBTBUSTERS911 to rebuild their credit after bankruptcy. They received personalized service, and were very happy with their results. Even though your debts will be discharged, alot of the negative items will remain on your credit reports.
    DEBTBUSTERS911 have experts that can work on your behalf to help you remove these negative items from your reports and help you rebuild your credit so you can start your life again. My friends couldn’t say enough about how happy they were and how great the staff was and that they really cared. There are still good companies out there.

  3. Reply
    bigdaddy9965
    June 26, 2011 at 8:30 am

    You will get alot of advice here on your question, but the only thing i will say is save your money and pay cash, good luck and may god be with you in your wallet

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