Chapter 7 Bankruptcy Waiting Period
How long after filing a personal (chapter 7) bankruptcy do I have to wait to apply for credit?
I filed in March 2007 and expect my actual discharge letter in the mail any day now-wait, is that the mailman? My bankruptcy already shows up on my credit report and my credit score isn’t so terrible! Specifically, I want to know if its o.k. to start applying for ONE SINGLE credit card and a car loan. That’s it. I’m rebuilding my credit on those two things. Period. Thanks.
Capital One is a good credit rebuilding company……
It took me about 3 years to actually get a “credit card” without all the outrageous fees and interest rates after a chapter 7. I’m about 5 years into it, and I have managed to get alot of credit through several credit card companies, but I haven’t tried to get a carloan yet…..
I had excellent credit before my divorce but everything was in my name and I couldn’t afford all the payments. Don’t know if previous credit rating helped me or not….
The rebuilding process sucks!!! I know that much!
Good Luck!
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