Best credit cards after bankruptcy
News from MSN Money:

This post comes from Gerri Detweiler at partner site Credit.com.

It may sound like the stupidest financial move ever: getting credit cards after bankruptcy. But done right, it may be one of the smartest moves you can make for your credit.

The main purpose for getting new credit cards after bankruptcy is to help boost your credit scores, which most likely took a hit when you filed. While it’s difficult (though not impossible) to earn a super high score while the bankruptcy remains on your credit reports, it is possible to improve your scores significantly if you make an effort to add and maintain on-time payments. Current, positive information is critical if you want better credit scores.

There’s a good reason to invest time and effort into improving your credit scores now, rather than wait seven to 10 years until your bankruptcy is no longer reported: Older accounts tend to help your scores more than recently opened ones. If you get several years of payments under your belt, your credit scores will likely impr…………… continues on MSN Money

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