How do you go about rebuilding your credit, I just for discharge from chapter 7 bankruptcy on 7/25/2019 I have two accounts that I affrimed a closed Visa Credit Card and my auto loan, I owe $841.70 on the credit card and $3,889.05 on my truck. I plan on opening a secured credit card next month, but my question is will my auto loan count as a secured loan?
A lot of us on here have gone through BK, some more recently than others. Right now the dust is still settling on your discharge, so it may take a few months to settle. Pull your credit reports and make sure everything is reporting correctly, ie accounts included in your BK are showing as included in BK, $0 balance.
IIWM, I would pay that CC balance down ASAP while at the same time banking as much cash as possible for the next 6 months, building up a savings.
Yes your car loan counts as a secured loan, so no need to get another loan. Take your time and choose cards that you will actually want and that can grow with you. Discover & Amex, if not IIBK, are great accounts to get that grow. GL2U!