- 1). Check your report. Get your credit report a few months after your discharge to ensure all your debts were included in the bankruptcy. If not, creditors may attempt to collect those debts.
- 2). Start planning for a secured credit card. Bad credit applicants can obtain a secured credit card with little hassle. Save money for your deposit and setup fees. Deposits range from $300 to $500. Setup fees vary according to bank.
- 3). Research credit card offers. Contact multiple banks or credit card issuers and compare terms for secured credit cars. Ask about typical interest rates, late fees and whether the lender reports to the credit bureaus. Apply with the bank that offers the best deal.
- 4). Pay bills early. Begin rebuilding your credit history with on-time payments. Submit payments online weeks before the due date to save on interest and avoid late arrivals.
- 5). Watch your debt. Use credit cards responsibly and pay off your balances each month to keep your debts manageable.
- 6). Apply for a bad credit loan. If you need an auto loan or student loan, contact several lenders and ask about bad credit financing. You'll pay a higher rate for these loans but continually submitting on-time payments can add points to your FICO score.
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