Madison.com shares why credit cards can be a first step after bankruptcy as well as how to get back on your feet, step by step:
There’s a catch-22 in credit: It’s easiest to get it when you already have it. Informed consumers who want to get back on their feet after bankruptcy can do so by applying for a secured credit card offer from a leading issuer, kicking off a process of rebuilding their credit score by having their monthly on-time payments reported to the credit bureaus. Why credit cards are a first step Logically, the best time to lend money to someone may be immediately following a bankruptcy.
Read more at host.madison.com
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