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Sunday, 22 July 2007 |
By Devin Hansen
 If you have had to declare bankruptcy for any reason, it is easy to get overwhelmed by the sheer volume of things to consider. But, getting a credit card after bankruptcy is one of the best ways to begin rebuilding your credit score, if you are careful and selective about choosing the right card and provider.
Lets face it; a bankruptcy is a huge blow to your credit-worthiness. However, a sober assessment of your situation, followed by learning from the mistakes that may have led to the bankruptcy, is key to getting your financial house back in order by obtaining lines of credit that you can use to rebuild your credit score.
Get Credit Reports From All 3 Major Credit Bureaus
The first step to finding the best rates on a credit card after bankruptcy is getting a copy of your credit report from each credit bureau. Lenders rely on the credit reports from 3 main credit agencies to determine your credit-worthiness, and the rates that you will pay on borrowed money. These agencies are: Experian, Equifax, and TransUnion.
After you receive |
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Last Updated ( Sunday, 22 July 2007 )
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Friday, 20 July 2007 |
By Stephanie Foster
 One of the great things about being in college is how easy it is to get a credit card. Companies are eager to sign college students up for credit, knowing that they are likely to use it and that they have a good chance at a long term customer who may earn a good income.
But for students it isn't always such a good deal. They aren't always prepared to use a credit card, and can end up destroying their budding credit score. It really pays for them to think before applying for that first credit card, never mind the second or third one.
And that's the first rule, of course. One is all that is necessary. Two should be plenty. Three and you have too many. It's just too easy to go overboard with so many credit cards.
The next rule is to remember that credit cards are not free money. They're expensive money. You borrow, and if you don't pay back promptly, you pay interest. This stuff can add up quickly. Learning to treat your credit card just as you do your |
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Last Updated ( Friday, 20 July 2007 )
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