Recent federal rule changes did away with the worst practices in the industry, but it's still hard to find real value among credit card offers after you've survived bankruptcy. That's why we highlight a viable option from our CardRatings.com credit card database:
-
Public Savings Bank Open Sky Secured Visa Credit Card. Right now, it might feel frustrating to lock a few hundred dollars into a savings account that you'll use as collateral against a low-limit Visa card. But it's truly for your own good. PSB enjoys one of the best reputations among secured card lenders, reporting your positive trade line to all three credit bureaus, so you can work on improving your credit score right away.
Since you filed Chapter 7, you won't be able to discharge any more debts for at least 7 years. Therefore, make sure you don't take on more credit than you can reasonably pay back, unless you're ready to risk some significant fines and finance charges.
No Comments
- I'm looking for the best secured credit card that will help build my credit score.
- My bankruptcy was finalized and I am looking for a card to rebuild credit. But I don't want a secured credit card, where I have to put up my money.
- After a divorce, what is a good card to start rebuilding my credit?
- What are the best Visa credit cards with cash back rewards?
- Do any credit cards still double the warranty on items bought on their cards?
- On the Chase Freedom Visa, do you get points on everything without restrictions?
- I am looking for a credit card that offers cash rewards, with no annual fee. I filed for bankruptcy in 2004, but my credit scores are in the 680s.
- I have some medical bills that have been turned over to a credit collector and my credit score is 640. Am I eligible for a credit card for travel?
- I have fair credit 630-690 post deed in lieu of foreclosure. Can I transfer a balance of $16,500 with this type of credit rating?
- What credit card will insure my purchased items?
