eyeball Posted January 19, 2008 Report Share Posted January 19, 2008 would you apply for a secure card? Right away or wait a little for ageing to occur. I am tryin g to build up my credit.thanks Link to comment Share on other sites More sharing options...
willingtocope Posted January 19, 2008 Report Share Posted January 19, 2008 As a general rule, I would say that companies that offer secured cards would let you sign up as soon as your BK was discharged. This is probably not going to improve your credit scores much, but its till a good idea if you can swing it. Bk generally has to age about 2 years before it stopps hurting a lot. On the other hand, having a CC to use instead of a checking debit card on the internet is a good idea. Link to comment Share on other sites More sharing options...
eyeball Posted January 19, 2008 Author Report Share Posted January 19, 2008 Hey William, Is it possable to apply for a house loan 2 years after a discharge? Link to comment Share on other sites More sharing options...
jq26 Posted January 19, 2008 Report Share Posted January 19, 2008 I'd apply right away. You need new credit. And re: a house, yes, you can buy a house right away. But the rates will be terrible. Or, wait two years and then rates will be decent Link to comment Share on other sites More sharing options...
willingtocope Posted January 19, 2008 Report Share Posted January 19, 2008 Hey William,Is it possable to apply for a house loan 2 years after a discharge?Yep, we did. 7-1/8%. Not great, but got us a house. Link to comment Share on other sites More sharing options...
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