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I just got notice that my bankruptcy went through. I want to start over in reestablishing credit. What can you recommend?

[Thursday, September 12th, 2013]

A good option after bankruptcy is a secured credit card. Secured cards require a collateral deposit with is usually about $200. If you put down a minimum security deposit you will be extended a minimum credit line of $200. If you want a higher credit line, you will have to pay more. Secured card have favorable rates and low fees, plus if you show responsible credit behaviour, you can request for credit limit increase without increasing the collateral deposit.

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AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.

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