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Added July 1, 2010 from: Mike Killian
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 Mike Killian
Answered By Mike Killian:
With the economy as tight as it is and bankruptcy so recent, there may not be any alternative for a while to come. It was not long ago that your pet turtle might have been able to get credit but those days are definitely past. Credit might loosen up a bit when the economy improves in time. But, frankly, it is unlikely that we will see credit that loose again. Believe it or not, though, this is actually a good thing, because very loose credit is what got us into the jam we are in and none of us want to see this again.

Your best bet is to rethink a secured credit card for a year or two because even if you could find an unsecured card, the interest rate would probably be sky high. A secured credit card (along with other forms of secured credit) is the fastest way to re-establish credit.

This question is about:  Build / Rebuild Credit
0 Responses to "After filing bankruptcy six months ago, I would like to now start rebuilding my credit. What credit cards do you suggest? I really do not want a "secured" card, but rather an "unsecured" card with a small limit of $250-$500."

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