Fresh Start

[charmer50]

Happy Independence Day,

I would like to know what credit cards are great for rebuilding credit after chapter 7 discharge and how soon can I purchase a new or used car? My current car runs and gets me to work but the repair bills are getting out hand, The car is over 21 years old with a ton of miles. After filling for chapter 7 and discharge I’ve been receiving advertisements from a few car dealers but as of yet no credit card offers….Love the forum and thanks for your help.

[justbroke]

Read the sticky in this area of the forum. It's written by shipo and is a very good guide. If you follow that guide and get the "share secured loan" (SSL) as well, you'll be off to a great start. I would wait until your new credit settles and maybe within 6 months of discharge and getting your credit re-established you could get a decent lending rate on a car.

https://www.bkforum.com/forum/after-the-discharge/rebuilding-credit/1028588-outline-for-rebuilding-credit

[charmer50]

Appreciate the information….Thanks.