Getting the type of credit card we all want (unsecured) after bankruptcy will take time. Due to your lowered score and damaged credit, you may have to wait many years. We’ll explore your options below.
We recommend a 3 step process for preparing to qualify for an unsecured credit card after a new bankruptcy:
- Get a credit builder card like Credit Builder Card or My Jewelers Club. They are secured cards that anyone (even with bad credit) can get with a down payment. This will help you rebuild your positive payment history while building an aged revolving account (important!)
- Get a secured installment loan. Like secured cards, anyone can get them and they help rebuild credit. They’re important for your credit mix.
- Remove the bankruptcy! We’ll expand below.
The third step is to try to remove the bankruptcy completely. This is possible by deleting and freezing the information that the bureaus (Experian, Equifax, and TransUnion) use to connect the bankruptcy to you. Unfortunately, this process is hard to do. Some people use a bankruptcy removal service instead of trying to do it themselves.
Get Your Bankruptcy Removed Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (866-718-6029) or setup a consultation with them. They also happen to have incredible customer service.