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Getting the type of credit card we all want (unsecured) after bankruptcy will require waiting at least 3 years. You can open secured cards with a new bankruptcy (or even no credit at all). These are great for rebuilding credit and recovering from the damage the bankruptcy has done.
We recommend a 3 step process for preparing to qualify for a credit card after a new bankruptcy:
- Get a credit builder card like Credit Builder Card or My Jewelers Club. These will help you build positive payment history (35% of your score!)
- Get a secured installment loan. This will help with your credit mix (10% of your score!)
- Remove the bankruptcy through disputing.
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 and then disputing.
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 (800-807-4388) or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.
