The Best Type of Credit Card to Get after Bankruptcy (cont.)
Contributed by Lisa Marie
Maintenance fee credit cards as a best bet option.
These types of credit cards usually have a lower interest rate than secured cards. But, and this is a big but, There are some serious fees that add up relatively quickly. For example, the credit card may require you to pay a one time fee, and annual fee plus a monthly maintenance fees. These are a lot of fees which can add up to hundreds of dollars a year, so make sure that you read all of the fine print before accepting an offer of credit. This may or may not be a=the best option for you.
Credit Unions may have the ability to get you the best credit card offer
Since credit unions are small and usually owned by their members, they sometimes do not have all of the red tape of other creditors. If you've been a member of a credit union all along, talk to their president. they may be able to help you in your quest to regain good credit. I really wouldn't talk to them if they were one of the creditors that were included in the discharge of your bankruptcy. This could be a very humiliating experience for all involved.
So what's the best credit card out there after bankruptcy? You be the judge. There are options out there, you just need to take the first steps to get one and begin rebuilding your credit.
