Bankruptcy friendly credit cards?

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Bankruptcy friendly credit cards?

Postby startinover » Sat Aug 28, 2010 1:17 pm

Hi, I had a question. My bankruptcy (ch 7) was discharged about 2 months ago. I want to get started right away on re-establishing my credit. From all the research I have done online, it seems like a credit cards would be the best way to start. Does anyone know of any good banks that are bankruptcy friendly? Or maybe any other suggestions where I can start? :confused:

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Postby rusnak » Sun Sep 05, 2010 2:52 am

I think it's basically impossible to get an unsecured card right away. The only bankruptcy friendly credit cards will be secured I would think. After 2+ yr I hear it's easier to get a regular card but until then you have to build up your credit using secured cards, store cards etc.

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Postby alsteig » Sun Sep 05, 2010 5:17 pm

Look at subprime lenders such as Capital One. You are probably looking @ 10-12 months for any unsecured credit, but grab secured card and utilize it will help.

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Postby ronnieloo » Tue Jan 04, 2011 1:16 am

stay away from the following companies if you want bankruptcy friendly credit cards because these cater to high credit scores mostly.

  • american express
  • citi
  • chase
the top two are a definite no but a local chase branch might have a secured credit card avail.

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