Bank Of America Secured Credit Card After Bankruptcy
Getting a secured credit card from a major bank after bankruptcy is not something I think a person should do. Most major secured credit cards come with Annual fees and high interest rates. Also I have yet to see a major bank give out a secured credit card with 0% APR for 6 month’s.
It’s not difficult to find a secured credit after bankruptcy but most Major Banks won’t issue them consider visiting Capital one for secured credit cards and also consider taking this advice from someone whose been there. When getting a secured credit card your goal should be to obtain a unsecured credit credit card and the way you do this is by paying your credit card bill and any other bills you have in full every month. Don’t spend money you don’t have and if you have online banking consider paying back your credit card the moment you use it. This will help your credit score to rise very quickly which will in time enable you to get a Visa or Master card from a major institutional lender.
The reason you want a credit card from a major institutional lender is because they help your credit the most they don’t only help your credit score they also help build your reputation. When other lenders see that a major financial institution is willing to give you money they will look at you as a person to loan money too and this is one of the ways people are able build, rebuild or even get rich using other peoples money!
Well……nice information you gave ……I like it…..good post…Bankruptcy law chapter 7, basically called straight bankruptcy which is liquidation process.You as a debtor must be hand over all your property to the trustee who is appointed by the court as per law.