December 26th, 2007 by Questions
I keep reading that getting small loans will help to rebuild your credit faster after bankruptcy, but how do you get those small loans? Who do you get them from? We have a secured credit card, but the banks won`t touch us. We are putting money in our kids` RESPs but do not have RRSPs as our income is too low right now to make it worthwhile, and we are trying to catch up on things like long overdue dentist treatments! now that we have the money to do so, so we have not been able to save much…
We are considering leasing a car in the next year (ours is 7 years old and starting to cost us more than it`s worth). That will be a larger, long term payment. Will that help us or hurt us as far as rebuilding credit?