after my seven year bankruptcy do I get full rating back ( do I get to have credit cards again)?
2007-03-27 11:52:20 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Bankruptcy stays on your credit report for 10 years, not 7. However, you may be able to apply for a credit card now. Having a bankruptcy on your record will not preclude you from getting a credit card.
Try applying for one card. You may want to start out with a secured credit card. The one thing you do not want to do is apply for a bunch of them. When you do get a card, use it fairly regularly but pay it off in total when the bill comes. After about six months or so of doing that, your credit score will start to go up.
2007-03-27 12:21:21 · answer #1 · answered by Faye H 6 · 2⤊ 0⤋
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RE A question about personal bankruptcy?
after my seven year bankruptcy do I get full rating back ( do I get to have credit cards again)?
2014-10-01 12:21:56 · answer #2 · answered by ? 1 · 0⤊ 0⤋
Not sure about the rating, but everything will be clean in approximately 7-10 years after bankruptcy.
You don't have to get credit cards again if you don't want to. But they and loans help re-establish your credit during or after bankruptcy.
2007-03-27 19:10:49 · answer #3 · answered by K_Seeks4Answers 3 · 0⤊ 0⤋
I believe that bankruptcy lasts for 10 years, but I have heard of people doing this, and then get hounded from credit card companies right afterwards.
2007-03-30 16:07:02 · answer #4 · answered by kmf77 3 · 0⤊ 0⤋
Its a way of preventing you from moving forward in a positive way but it takes a years. The rating will follow on how you deal with your obligations.
2014-10-30 19:28:55 · answer #5 · answered by Anonymous · 1⤊ 0⤋