Thread: Rebuilding credit after bankruptcy

Two of the most after bankruptcy friendly credit card companies are Household and Orchard - both within the HSBC "family". At the outset they will approve you for $300 limit cards but carry annual fees ranging from $59 to $99, and their interest rates border on loanshark levels, and are real slow in increasing credit limits.
BUT!!! There's the "big daddy" (HSBC) - who - if you treat Orchard and Household right-timely monthly payments - will offer you a high limit card. I treated Orchard/Household right, and received an HSBC MC with a starting limit of $2500, which after 6 months they increased to $4500. And now, a year later to $7500.
HSBC ROCKS!!!!

My wife used Orchard Bank to rebuild her credit too. But man are those annual fees and interest rates they give crazy! That's why you need to get one just to rebuild credit, not to carry a balance. Congrats on getting to $7,500 after a year that's a good CL for anyone even with great credit.

Do you still only have the HSBC MC or have you opened up any other cards? I just have my wife on a couple of my cards as a co-account holder with my name.

Try Washington Mutual, Aspire, and Merrickbank, maybe even Cap One. Wamu and Aspire (when I first received them in 2006) had no annual fees. Merrickbank does but they split the fee into equal monthly charges,$3 x 12 for $36. Cap One's is a one shot deal at $39. Wamu is good - first they sent me a Visa with a $1500 limit, which after 6 months they increased to $2500. Then they sent me one of their MCs, with a starting limit of $500 - which 6 months later they increased to $1500. Merrick is good too, every 3 months they increased my limit by $200. They started me at $1250, and just recently my limit became $2950. Had it since 2006. Cap One is kind of slow. They started me out with $1000, and after a year or so limit is "only" $1500. Aspire is good too. in 2006 they started me with a limit of $1250, which by now rose to $3250.