credit card

December 21st, 2007 by Questions

My husband and I got a secured credit card immediately after our bankruptcy was discharged (in the summer). Assuming we do all of the right things with this card, how long do you expect it might take to get a `real` credit card again?

Questions

One Response to “credit card”


, Barton Goth GCO Bankruptcy Trustees said:

This is difficult to answer as it is highly dependent on your current financial circumstances. The only thing I can say is that one secured credit card will not be enough as it will only lodge 1 positive comment with the credit bureau.

What you need to do to rebuild as quickly as possible is look at getting a couple other smal loans (i.e. $500 or so), repay them and replicate.

This way you will be able to get a number of positive comments and therefore rebuild your credit more quickly. By doing this I have seen many people rebuild completely withing 2 years after their discharge.

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