Best Credit Options After Bankruptcy

Filing bankruptcy may seem like the end financially… your credit score tanks and it seems like there is no way you’ll ever recover from the stigma attached to it.  But, the truth is, once your bankruptcy is discharged, at some point, you will need credit again, whether it’s a different car to drive, another place to live, or any one of the hundreds of reasons why you’re going to want to start rebuilding your credit score as soon as possible.

But who’s going to extend credit to you after bankruptcy?  Believe it or not, you will likely start receiving credit card offers as soon as your bankruptcy is discharged, and you will be tempted to accept those offers.  But, before you do, you might want to consider the source of those offers.  After bankruptcy, you will likely see offers from subprime lenders, or lenders who specialize in working with those who have filed bankruptcy, and while some of these lenders are well known, you will want to sit down and carefully review all of the terms and conditions of the offers before you accept any of them.  Often there are hefty fees and astronomical interest rates associated with these types of credit cards and it may be in your best interest to consider other options to rebuild your credit score.

One of the best options available for re-establishing credit after a serious financial setback, such as bankruptcy, is to get a secured credit card.  Unlike many of the subprime offers that will arrive in your mailbox, a secured credit card typically has a very reasonable interest rate and limited fees attached to the card because the credit line that you establish will be secured by a cash deposit that you make when you set up the credit card account.  Other than the security deposit, your credit card account will then work just like any other credit card… you will make purchases, you will make payments on your account balance, and you will pay some interest on the unpaid balance every month.

The credit card company will then report your responsible use to the major credit bureaus and this will help your credit score in two ways.  You’ll not only be rebuilding your payment history, but you will also start building your available credit, as well.  These two items actually account for more than 60% of your credit score, so working on these two first only makes sense.

The other option that you have is to apply for a catalog shopping or gas credit card.  Catalog shopping lenders, such as a Fingerhut Credit Account issued by WebBank , typically are much easier to work with when your credit is less than perfect, so your chances of getting approved are much higher than if you try to get a conventional credit card right off the bat.  Plus, many catalog lenders offer decent interest rates, promotional codes, and low monthly payments, so you can be sure that your budget can handle the purchases you make.  And, just like a secured credit card, your responsible use will be reported to the major credit bureaus, so you can start rebuilding that credit score right away.

Either way you choose to go, there are credit options available to you once you’ve filed for bankruptcy, you just have to know where to start.  And once you do get started on your score, you have to be diligent – pay your bills on time, every time, keep your balances low, and don’t overdo it by applying for too much credit too soon.

Remember, it’s up to you to prove that you can handle credit again after bankruptcy!

Can’t Get Credit?

Getting credit when you have none can be extremely difficult, especially if you’ve had a serious financial setback that has resulted in a damaged credit score… How are you supposed to rebuild your credit score if no one will give you credit?  It seems like a vicious circle, but there are alternatives to conventional credit cards, and these alternatives are a great way to start getting your credit back on track!

Obviously, there are a couple of things that you absolutely have to do when you want to start improving your credit.  First, you’ll want to take a really good look at your credit report and do your best to correct any mistakes that you find.  These days, it’s as easy as filing a dispute online, answering a few questions, maybe emailing paperwork – and it doesn’t take nearly as long as it once did to correct these inaccuracies.  I’ve seen them corrected in as little as 30 days!

Another thing that’s vital to improving your credit score is to pay off as many of the derogatory marks on your credit report as you can.  Once you’ve paid them off, you can even request that they be completely removed from your credit report – this may or may not happen, but you should always try!

And finally, once you’ve done all that you can to correct the past, it’s time to start working on your future credit score by rebuilding your available credit and your payment history.  Now, as I mentioned at the beginning of this article, it can be difficult to get a conventional credit card right off, but there are a couple of really good alternatives to conventional credit cards, and these alternatives have been instrumental in helping millions of people improve their poor credit scores:

Apply for a secured credit card, like the Applied Bank® Secured Visa® Gold Preferred® Credit Card. Secured credit cards work a lot like conventional credit cards in that you will have available credit, you’ll be able to use it anywhere that you’d use a conventional credit card (online, hotels, car rental, airline tickets, etc.), and you’ll make payments on the purchases that you make, but the big difference is that you’ll have to put up a security deposit when you open the account. This security deposit is typically anywhere from $200.00 to $2,000.00 (you decide how much) and will equal your initial available credit.

Most secured credit cards have highly competitive interest rates, low to no annual fees, and many convert to conventional credit cards after a period of time.  All you have to do is choose the card that’s right for you! Just make sure that the secured credit card provider you choose reports your responsible use to the major credit bureaus, because that’s how a secured credit card helps you to improve your credit score!

Open a catalog shopping account such as a Fingerhut Credit Account issued by WebBank. Although it may surprise you, Fingerhut is actually one of the best catalog shopping companies out there. Not only have they been in business for decades, but they are known for working with those of us with less than perfect credit. In fact, most people get approved for a Fingerhut account in minutes, but in the event that you don’t? You may still qualify for a special fresh start program where you’d have to pay a nominal deposit on your first order before it’s shipped.

Either way, once you’re approved, you’ll love the selection of name brand merchandise, the competitive prices, and the low monthly payments!  And even better, you’ll love the effect that a Fingerhut Credit Account issued by WebBank can have on your credit score over time. (Fingerhut reports to the major credit bureaus too!)

Still think you can’t get credit? Don’t put it off any longer – start improving your credit score today!

It’s Time to Plan Your Christmas Shopping!

With the advent of cooler temperatures across most of the eastern half of the country this month, it’s definitely beginning to feel like fall is in the air!  And along with Autumn come thoughts of the upcoming holiday season… Have you started planning this year’s Christmas shopping?  How much are you planning to spend and, more importantly, how will you pay for all those gifts?

I know, it sounds really early to be planning for Christmas, doesn’t it?  But, the truth is, now is the best time to plan your Christmas shopping!  Not only can you save money by planning ahead, starting early, and finishing before the last minute, but you can also ensure that you’ll find the best sale prices for those must have gifts (not to mention the fact that you won’t be out scouring the stores on Christmas Eve for the ONE gift that someone just HAS to have this year).  And by planning ahead, you’re more likely to stay well within your budget, too.

Another reason that I like to start early is that I really prefer to do as much of my shopping online as is possible!  I do not enjoy those crazy black Friday sales, crowded stores, and seriously picked-over merchandise at all… when I give a gift, I want it to be just the right brand, the right color, the right size, and the right price!  That’s why I do most of my shopping for Christmas at Fingerhut.  Not only do I find brand name gifts, competitively priced, but I can do ALL of my shopping at once, and it’s shipped straight to my door without a single trip to the mall.

With Fingerhut, I can get everything from brand name clothing to the latest electronics, from shoes to furniture, and so much more.  And before I ever click the BUY button, I know exactly what the monthly payments will be once the holidays are over because Fingerhut lists the monthly payment amount right alongside the full cash price, so there are no surprises once Christmas is over!  (And, I can see the impact every purchase will have on my budget, too.)

What about you?  Have you thought about your Christmas shopping for this year?  If not, you might just want to think about a Fingerhut Credit Account issued by WebBank !

Worried you might not qualify? Think again! Fingerhut is the best catalog site to use when you need a fresh start on your credit! Not only are most people approved for a Fingerhut account, but a Fingerhut account can actually help you to build or rebuild your credit, simply by using your credit responsibly and making your payments on time every time! So, go ahead, apply for your Fingerhut Credit Account issued by WebBank and start Christmas shopping today!

The Best New Shopping Site!

Easy Plum Easy Credit! Apply Now, Start Buying Immediately!It’s not often that we find a new site that is as awesome as this one!  Even if you’ve been turned down for credit before, EasyPlum makes applying for credit to buy the things your family needs, wants and loves, quick and simple!

Even better, when you apply for an Easy Plum Credit Account issued by Klarna, you’ll get an answer instantly, which means you could start shopping right away. Easy Plum works with people every day who have (or had) credit challenges! Even better, Easy Plum helps you build your credit history and buying power by simply making your payments on time. Easy Plum reports your payment history to the major credit bureaus to provide you with great value for your hard earned money.

And, Easy Plum offers the latest in electronics, furniture, appliances, outdoor products, jewelry and more, with financing options to help make it all affordable for you! Once you’re approved, use your credit account to shop thousands of brand name products including HP, Cuisinart, Samsung, DeWalt, Panasonic and so much more at EasyPlum!

Easy, Fast & Secure. Instant Credit! Find Out Now & Shop Brand Names Today!

Back to School Shopping?

Worried about where you’ll find the money for all those back to school expenses? Between new clothes, new shoes, backpacks, notebooks, and new electronics, it can get really expensive… and that doesn’t include all the book fees, lunch money, athletic fees, and other expenses that you’re expected to pay up front!

Relax. With Fingerhut, you can afford everything you need to get the kids back in school. Name brand clothes? The newest shoes? Backpacks? Notebooks? A new computer? Yep, with Fingerhut, you can get all of this and more. And it won’t wreck your budget, either!

Fingerhut offers thousands of name brand items at competitive pricing, with low monthly payments, shipped right to your door!   What could be easier than that?

Simply apply for your Fingerhut Credit Account issued by WebBank and start shopping today!