2006-09-09 07:37:14 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
pay cash
2006-09-09 16:12:31 · answer #1 · answered by bruce p ♥ ♥ ♥ 3 · 0⤊ 0⤋
Keep it paid off and be patient. A BK stays on your credit for 10 years, so even though you can work at raising your FICO score, your BK will be on there for a full 10 years. Some places do not grant credit to people that have filed BK regardless of their credit score. I am not sure where people are getting "7 years for BK" it's 10 years a FULL 10 years. It's sadly 7 years before you can file ANOTHER Bankruptcy if you were dumb enough to get yourself back into the same situation. Let me add this .. I do believe there are a lot of people that legitimately have to file BK for one reason or another, once in their lifetime.. but these people that are filing every 7 years need to be checked out more thoroughly. I have an acquaintance that's filed twice and she's not even 40 yet and it's ALL because she can't stop using credit cards and making bad credit and buying decisions. It has nothing to do with medical bills, unemployment, life changing events.. or anything else. She just can't stay out of the stores and she can't stop wanting to keep up with the Jones'
2006-09-09 14:52:53 · answer #2 · answered by CactusFlower 4 · 2⤊ 0⤋
I did bk 8-05...only I kept my credit cardf because at time of filing I didn't have a balance on it...........I always pay the full balance off every month and always before accuring any interest.....my score is now 680 and I just was approved for a orchard card platium unsecured $1500 limit...........pay off that balance every time Use the card for EVERYTHING but pay it off before interest........contact me for free advise
2006-09-09 17:51:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You might check out the site I've listed.
Go to the Bankruptcy Forum and look up at the top in the pinned section for Bankruptcy-Friendly Creditors.
The 47 page (so far, it grows almost every day) list is from the site members efforts in rebuilding after bankruptcy. They general state how long it has been since the bankruptcy also.
2006-09-09 15:08:02 · answer #4 · answered by echo 7 · 0⤊ 0⤋
good start with the orchard bank card. just keep the balance on that thing small and do not exceed 50% of the total limit. once you do, it sends a red flag to the reporting bureau and will negatively affect your score until it gets below that 50% mark again, just remember, gas and groceries. that's the only thing you should use that card for.
2006-09-09 14:44:40 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Keep your debt down, use your CC for simple things, then pay it off monthly. You'll still have the BK on your credit report for about 7 or so years, but creditors are always willing to work with you if you show you're improving!
2006-09-09 14:44:17 · answer #6 · answered by Melie 3 · 0⤊ 1⤋
Keep it paid off. Use it for little things like buying gas, but always pay it off, or at least make the minimum payment on time. The key is paying on time. Good luck.
2006-09-09 14:40:04 · answer #7 · answered by Cimba00 3 · 0⤊ 0⤋
i can help u out. Send me some cash and i'll help you out.
2006-09-09 14:43:13 · answer #8 · answered by Anonymous · 0⤊ 4⤋