Rebuilding Your Credit After Bankruptcy in 6 Steps (Step #3)
“Rebuilding Your Credit After Bankruptcy in 6 Steps” is a series of posts that will appear over the course of the next couple of weeks. Following these 6 steps will help you lay the foundation to achieve better credit. Here are the six steps:
Step #1: Review Your Credit Reports
Step #2: Get a Secured Credit Card
Step #3: Get an Unsecured Credit Card
Step #4: Pay Your Monthly Bills, On Time and Every Month
Step #5: When Appropriate, Get and Pay a Mortgage Payment or Car Loan
Step #6: After Seven (7) Years Ask the Credit Bureaus to Remove the Bankruptcy Off of Your Credit Report
After you’ve spent time laying the foundation for your new credit by using a secured credit card you will want to begin looking for an unsecured credit card. An unsecured credit card is a card where you do not put up collateral (cash, automobiles, etc.) as an assurance that you will pay. We typically recommend that you use a secured credit card for at least one year before moving on to an unsecured card. Sites like www.CreditCardGuide.com or www.CreditCardTuneUp.com will allow you to browse a number of different types of unsecured credit cards. Regardless, at the appropriate time take the next step to get an unsecured credit card.
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I did not know this website was here. Now I fill a lot better knowing where I can get info like this. Thanks
Thanks Jarrod. Our goal is to give great content for our readers. Don’t hesitate to let us know if there is anything in particular you would like us to write about. Thanks for stopping by – come again!
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