A Fresh Start After Bankruptcy?

Looking for ways to get a fresh start after a bankruptcy?

Fingerhut Credit ApplicationIn an earlier post, we talked about using a secured credit card account to start the rebuilding process after a bankruptcy filing, and we went through the reasons why getting a fresh start early on can help speed up the process of re-establishing credit. Another way to re-establish your credit is to open an account with a store/catalog sales site like Fingerhut.

How can Fingerhut help you recover from bankruptcy?

Unlike a lot of store/catalog sites, Fingerhut actually has a FreshStart program, and even if you don’t qualify for a regular revolving credit account with Fingerhut, you may qualify for the FreshStart program.

What is the Fingerhut FreshStart program?

Fingerhut’s FreshStart program is a special type of account where you place an order and then make what is essentially your first payment on the account. Fingerhut will then ship your order and you’ll continue to make payments on the balance. Eventually, if you make timely, regular payments on the account, your account may be converted to a revolving charge account, and you will likely see your available credit increase.

This will help your credit in two ways:

  1. Your regular payments will be noted on your credit report, thereby helping you to begin to rebuild your payment history.
  2. Your available credit will be reported as well, and in the event that your credit limit is increased, that will also be reflected. Just make sure that you keep your “available credit” around 75% of your total credit limit, because that is an important factor in calculating your credit score.

And finally, there is another reason to consider Fingerhut – buying power!

Let’s face it, when you have no credit, it’s really hard to buy some things… things that you want or need. Fingerhut offers a great selection of name brand merchandise at great prices, and the prices are listed two ways on their website – the full price is shown AND they show you the monthly payment amount, so you know how much you’ll have to pay each month before you buy.

Think Fingerhut might be the right choice for you?

Apply for a Fingerhut Credit Account (issued by WebBank). Get low monthly payments with no annual fees or overlimit fees. Shop from thousands of trusted brands. Apply Today!

(Trust me, you’ll LOVE the selection & the prices at Fingerhut!)

Choosing The Right Credit Cards After Bankruptcy

There is life after bankruptcy and once you have dissolved all your debts and the judge has dismissed the case. In a short matter of months, you will be inundated with offers to apply for new credit cards.

Sounds simple enough – right? Fill out a quick application online, cross your fingers, and push the submit button. Wait a minute. When applying for that new credit card after a bankruptcy, you should know where to apply before just arbitrarily thinking: “Here’s a credit card company. Let’s try this one.” You have to choose the right credit card companies before hitting that submit button.

You will get a lot of credit card offers but the bad news is these are not the credit cards you want. They are vultures ready to pick on the leftover meat.

Do Not Fall Into The Credit Trap Again!
Soon your mailbox will receive a credit card notice from several companies in North Dakota saying you’re preapproved for a new card. Problem is, these cards have annual fees with high interest rates. Or perhaps they want you to pay and upfront fee in order to get your application filled out. There are scams galore but you have to look pass these tempting offers of fast and easy credit. Their tactics are to send out as many letters to vulnerable bankruptcy victims and hope that one catches their bait.

Applying for credit cards after a bankruptcy is important since it’s a second form of identification other than your picture ID driver’s license or passport. Without two ID’s you’ll have problems at most stores.

Here are two legitimate banks/lenders to make application for credit cards. Both welcome new customers because they know that you are fresh out of a bankruptcy with little or no debt remaining, so you’re a nice target. The initial card limit will be less than $1,000 but there are NO upfront fees and if you pay on time, in several months they usually raise the limit. You can make that happen faster by paying more that the card asks for. Once you get your new credit cards, apply at several large retail stores, show them your new bank card, get their card, now you have more ID. Orchard bank and Household bank are two places to apply, so you can restart your credit history.

Focus on yourself and figure out how you will pay off future debt. Getting preloaded debit cards will help you with your spending. Getting credit from department stores will also help your credit as long as you do not spend what you do not have. Apply for secured credit cards as a last resort.

Once you have these cards in your arsenal, let time be your friend and your credit scores will slowly regain its former health.

About the Author:  Derrick Kings invites you to get more information about how to improve your credit scores and what steps you can take to to evaluate your credit worthiness.

Welcome to Fresh Start Card Offers!

Welcome to Fresh Start Card Offers!  If you’ve had a major life setback, such as divorce, bankruptcy, foreclosure, repossession……you know how hard it is to rebuild your credit! Fresh Start Card Offers was created for those of us with less than perfect credit. Not only do we have a few excellent deals for people with a blemished credit record, but we also have several card options that may actually help you to rebuild your credit rating over time. Check us out, compare offers, and apply online!

Be sure to bookmark our site, and come back often!  We update it regularly with new offers, and we will be adding tips to improve your credit rating, credit card offers for other countries, and more!