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Added July 1, 2010 from: Mike Killian
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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.
[Let CardRatings.com help you find the right cash back credit card for you.]
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.
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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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