One of the ill effects of filing for bankruptcy is that it becomes public record and appears on your credit report. This makes it difficult for people who have recently got bankruptcy discharged to get any credit. According to Dallas based bankruptcy law firm Recovery Law Group, this is a major concern for most people. Though you might get credit, it will be at terms which will be outrightly ridiculous like high-interest rate, larger down payments (in case of a mortgage), etc. Unfortunately, you might have to wait for some time to qualify for a new credit card that offers you credit at a nominal rate. It does not make sense to fall into debt just after getting through bankruptcy.
The best way to get a credit card is by rebuilding your credit. Since bankruptcy tanks your credit score, you need to make amends to restore its condition. You can start by getting a secured credit card linked to your saving account with a limit of a set percentage of your account balance. Managing that credit card, making regular and timely payments through it and living within means without incurring any new debt, improves your credit score. This can result in the conversion of your secured credit card to a traditional credit card. Ensure that these activities are reported by the lender to national credit reporting companies.
Alternately, you could ask a friend or family member to add you as a joint holder with them in one of their accounts. This way, the account will be mentioned on your credit report too. Timely payment on the same will help rebuild your credit history. All you need is an active account to rebuild your credit score after bankruptcy. To hold consultation with expert bankruptcy attorneys call 888-297-6023.