The Best Post-Bankruptcy Credit Cards

Posted on April 18, 2012 at 12:44pm by

Bankruptcy can negatively impact every aspect of your life, but it has a particularly terrible effect on your credit score.

A declaration of bankruptcy can sink your credit rating by as much as 220 points for seven years or more.

That’s enough to take a “good” score down to “poor,” which means that you won’t be able to enjoy your low interest rates, cash back rewards and high spending limits for a long, long time.

However, filing for a Chapter 13 or Chapter 7 bankruptcy doesn’t mean that you should stop using credit altogether.

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