So, your bankruptcy is discharged and you are ready to get your life back on track. Good for you! The good news is that reestablishing your credit history is easier than you think! Believe it or not, there are many companies out there who will be happy to do business with you. Getting an after bankruptcy credit card is one of the best places to start.
Before You Apply
You want your credit score to be as good as possible when you apply for anything. Because of this, the first thing you will want to do is carefully review your credit report. Be on the lookout for accounts that were included in your bankruptcy that are being reported as still being open. Very often, they will also be being reported as currently past due. This can cause your credit to fall below even where it should be and make it very difficult to qualify for any type of credit.
What to Look for
Depending on what your credit looks like, you will want to look for either a secured credit card or an unsecured credit card that targets people with bad credit. You can also look for a company that offers both and see what you qualify for!
No Application Fee
Avoid any account that has an application fee. It is not necessary and worse, some companies have fees so high that it just about takes up your entire credit limit!
Reports to all three credit bureaus
Since credit restoration is important, you want to find a card that reports to all three credit bureaus. Verify this fact before you apply!
Automatic credit line increases
Many companies offer programs that include automatic credit line increases based on timely payments. These programs can help you rebuild your credit without having to focus on anything other than making your payment on time
