I filed for bankruptcy five years ago. What steps do I need to do to re-establish myself? Is it too soon?
I’ve been told in the past that I had to wait 7 years before moving forward. Also, it seems very expensive to try and restart now. Dell computers wanted 29.9% to finance a laptop.
Pardon me for being rude, but why have you waited so long?
As soon as your bankruptcy was discharged you were flooded with credit card offers and auto loan offers, why did you not take advantage of any of these?
Go to Orchard bank and get a credit card, use it for everyday things like gas and food, keep your balances below 30% of your limit every month and pay in full before the due date.
This will estalish a good pay history and help build your score.
September 8th, 2010 at 2:12 pmIts NOT too soon – you could have started already!
You can buy a house or a car. Get a secured credit card.
But be responsible! Don’t dig yourself into that hole again!
Good Luck
September 8th, 2010 at 2:12 pmAll good answers!
You need to educate yourself on how the credit system works.
September 8th, 2010 at 2:12 pm