Comments on: What to Expect If You Declare Yourself Bankrupt http://masteryourcard.com/blog/2009/07/24/what-to-expect-if-you-declare-yourself-bankrupt/ The best Credit Card Debt Blog online Thu, 02 Feb 2012 13:31:13 +1100 http://wordpress.org/?v=abc hourly 1 By: document guy http://masteryourcard.com/blog/2009/07/24/what-to-expect-if-you-declare-yourself-bankrupt/comment-page-1/#comment-102455 document guy Thu, 03 Feb 2011 09:32:23 +0000 http://masteryourcard.com/blog/?p=1411#comment-102455 BBB said it right. Credit offers will certainly return, although at higher rates. Secured cards may be the best initial option. BBB said it right. Credit offers will certainly return, although at higher rates. Secured cards may be the best initial option.

]]> By: CardMaster http://masteryourcard.com/blog/2009/07/24/what-to-expect-if-you-declare-yourself-bankrupt/comment-page-1/#comment-47062 CardMaster Mon, 27 Jul 2009 14:01:29 +0000 http://masteryourcard.com/blog/?p=1411#comment-47062 Great tips BBB, and congrats on being able to rebuild your credit so quickly! Great tips BBB, and congrats on being able to rebuild your credit so quickly!

]]> By: bouncing back betty http://masteryourcard.com/blog/2009/07/24/what-to-expect-if-you-declare-yourself-bankrupt/comment-page-1/#comment-47060 bouncing back betty Mon, 27 Jul 2009 13:41:28 +0000 http://masteryourcard.com/blog/?p=1411#comment-47060 As someone who has declared bankrupcty and is now almost 18 months post discharge, I can tell you that you can get credit again. I have a Master Card with a $500 limit at 14.9%. I have a car loan also at 14.9%. Be very careful about securing credit again! Many of those so called offers for credit cards to help you rebuild your credit have sky high interest rates and will charge up to $250 in "processing" fees-all for a $500 or $700 credit limit! And most importantly, get back into the habit of not carrying a balance and pay your bills on time! As someone who has declared bankrupcty and is now almost 18 months post discharge, I can tell you that you can get credit again. I have a Master Card with a $500 limit at 14.9%. I have a car loan also at 14.9%.

Be very careful about securing credit again! Many of those so called offers for credit cards to help you rebuild your credit have sky high interest rates and will charge up to $250 in “processing” fees-all for a $500 or $700 credit limit!

And most importantly, get back into the habit of not carrying a balance and pay your bills on time!

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