Frequent Contributor
somnipotent
Posts: 367
Registered: ‎06-02-2008
Re: Anyone seen this link from Yahoo

Take it with a grain of salt.  BK wipes your slate clean of your past debt.  You literally start from scratch, just as someone who has never had debt before.  That BK is a scar but over time it will fade.  First things first is to open up a secured line of credit to start the rebuilding process.  The sooner the better so you can start the AAoA clock.  From there make sure you pay on time, every time.  As time goes on, you'll be able to gain access to rebuilder cards like Capital One.  Stay away from Fee Reapers like Credit One and First Primier.  You'll get small limits, but that's ok.  Keep an eye on your credit scores, subscribe to Score Watch or something like that, use Credit Karma to keep an eye on your accounts.  Do your due diligence.  It's not hopeless.  We have your back too.


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Homeowner since 05/29/13