No More Bankruptcy

Once the debt is paid, here's how to regain your financial footing

cards are common as are application and processing fees.

The Federal Trade Commission (www.ftc.gov) says to avoid surprises by asking about a card’s total fees before you apply and verifying whether they will be refunded if your application is denied. Confirm that the credit card issuer reports to major credit bureaus; otherwise, having the card can’t help you rebuild your credit.

Find information on secured credit cards at Websites such as www.creditcards.com.

Consistently pay on time and stay within your credit limit and on average, after about a year, you’ll begin increasing your credit score and eventually qualify for an unsecured card.

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