OPINION: How to build credit after bankruptcy

75756A5E-120A-4932-810C-2FD980DB785E

One way to build credit after bankruptcy, if you have no loans that will continue after bankruptcy, is to start with a secured credit card. You'll put down $250 or $300 to get a $250 or $300 credit card. The bank can offer these to people with no credit or bad credit because they take no risk. Paying on time and keeping your balance below 10% of your limit every month will gradually make a positive impact on your credit score.

We strive to be a platform where varying opinions may be voiced and heard. The views, thoughts, and opinions expressed by the author(s) of this article and/or by those providing comments are theirs alone, and do not represent those of Audacy, Inc. We are not responsible for any damages or losses arising from this article and/or any comment(s).
Featured Image Photo Credit: KISW