rebuild credit after bankruptcy

So your student loan proved too much for you. You went bankrupt.

Now what?

Get a secured credit card. There are 2 choices:

1) Capital1 Mastercard, $300 min.

2) Hometrust secured Visa, $500

Both have comparable fees - about $60 annually plus lotsa sneaky fees. C. 20% interest.

Your goal is to spend about half your max. monthly and to repay it promptly.

There are tricks.

Don't check your credit rating online in the middle of the night - that implies you can't sleep since you are worried about it.

Certain products are linked to stable financial situations - such as premium bird seed.

v.v. - chromed hub caps.

Don't check your credit report often - that hurts the rating.

Your goal is to eventually have 2 rotating lines of credit - no less, no more.

This puts you on the map of the big credit rating companies.