Rebuilding Credit after Bankruptcy

If you want something on your credit report, purchase something at a furniture store on 12 months no interest. You shouldn't have much of a problem if you are stable and have half down.

Rebuilding your credit after bankruptcy really depends on your personal stability. If you are a construction worker, forget about it. If you have a 10 year desk job it's somewhat easier. If you are a professional with 100k+ income, you'll have credit thrown at you.

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Secured credit cards look like like an easy way to start but they look more like fee generating scams. I read somwhere that banks offer a secured credit card backed by a CD or some sort of collateral but I have yet to find a bank that doesn't look at me funny when I mention it.

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I do these all the time for people. Try a credit union.

Do a CD backed loan at a traditional bank. Credit score is not taken into consideration when you close a loan backed by a cd with the bank. It is the saftest collateral and not underwrote like traditional loans. Furniture stores either go through a finance company (Wells Fargo Financial, Citifinancial, etc) and will not approve you due to the bad debt that they are experiencing. If they dont use these companies they may not report to the credit agencies which is a risk.

Thanks wareagle. I appreciate the advice and will do something like this very soon.