Many filers keep their bankruptcy status on the downlow, but there’s no need to be embarrassed about recovering from a Chapter 7 or Chapter 13 bankruptcy. In fact, having a discharged bankruptcy on your credit report is more common than a lot of people realize.
One of the best strategies you can use is to leverage one of the credit cards after bankruptcy that will help you re-establish credit.
Over the last decade, as many as 1.5 million people filed bankruptcy each year. Bankruptcy gives you a fresh financial start, and some credit card companies love this.
The key is, Just pay your bill on time, and avoid maxing out your card and you should slowly see your FICO score increase if you use your cards responsibly and avoid racking up new collections or judgments.
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This article was last updated February 19, 2019 but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.