How come my credit score was Zero after Bankruptcy Discharge & how can i build my credit?
Wendell asked:
I filed bankruptcy in 2008 and discharged same year. My Credit Score is still Zero, How can i rebuild my credit score again. I got a 2 secured credit cards, 1 from USBank and the other from Golden1 Credit Union.
Rick
I filed bankruptcy in 2008 and discharged same year. My Credit Score is still Zero, How can i rebuild my credit score again. I got a 2 secured credit cards, 1 from USBank and the other from Golden1 Credit Union.
Rick
August 27th, 2010 at 6:57 pm
Go to your bank and ask them about a secured card.
Make sure it reports to the credit bureaus – and you replace the money in full each month.
Ask to see if this card will turn into a credit card after a year even with a bankruptcy on file.
That is your best hope to rebuild credit.
Once it turns into a credit card – remember to pay in full each month.
Not the minimum, not close to the minimum, but the entire balance – no games.
Carrying balances can destroy credit and in some cases ruin lives.
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August 30th, 2010 at 8:21 pm
Rebuilding credit after bankruptcy is like trying to rebuild a house after you dropped a nuke on it.
You need to decide what you want.
1) a high credit score
2) a big bank account
Because the path to get one prevents you from getting the other.
August 31st, 2010 at 5:52 am
I don\’t know,you can ask the Big G