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BK 7 improves credit


dragon_slayer
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It could be a secured card that you receive an offer for. Usually within 6 months of the discharge (some sooner) for a small amount, eg., $500. It can be expensive if you carry balances going forward, however, after another 6 months or a year of paying on time, not maxing out the card, you'll start to get offers for unsecured cards.

 

It won't happen overnight, but it will happen.

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BK does not improve your credit right away but if you do things slowly, you can get your credit score high enough for qualify for a mortgage in about 4 years and there will be very little damage at the 6 - 7 year mark. You will probably qualify for an unsecured card in a year or 2 and prime auto loan in 3 years.

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