Whether you just faced bankruptcy or you’re in the process of filing it, it can definitely be one of those times that are pretty stressful.  You’re going to feel like you’re hopeless, and you have no future when it comes to finances.  This couldn’t be further from the truth.

I’m going to show you today on how you can get back on the right track, find a credit card that you can use responsibly, and more.   As long as you learned from your financial mistakes in the past, you should be fine in the upcoming future.  We all make mistakes in life, so don’t feel bad!

Can I get a credit card at all?

The first question that comes to your mind is probably the one I just asked.  If you just declared bankruptcy, you’re probably going to find credit card offers in your mailbox already.  Why is this, you might ask?  Credit card companies know you can file bankruptcy for another seven years, so they are willing to take a gamble on you.  Not only that, they know that many learn their lessons and are willing to give it another shot.

Where should I even start then?

In my opinion, there are two types of cards that you should look out for.  You’ll either want to apply for a secured credit card, or a prepaid credit card.  These are going to be your best chances, when it comes down to applying.  These are the ones that you’ll want to do more research with.  I’ll give you some advice on how each one works.

A prepaid credit card is just like a gift card.  You’ll put any amount on it, and then you can go use it like a credit card.  This is a great alternative, if you’re looking for self discipline when it comes to credit.  I would advise that you look for a card that reports to the credit bureaus.

On the other hand, a secured card is a little different than a prepaid credit card.  When you apply for a card like this, they are going to ask for a deposit.  This deposit will then be your credit limit.  The reason they will ask for this is because you’re still at the high risk mark.  If you don’t pay your bills, the banks can dip into your deposit fund and take the money themselves.

When it comes to bankruptcy and your credit, I would advise you look into these two options.  It’s not the end of the world, and you’ll be able to find a card if you look into the types I mentioned above.