There isn't a set period of time you have to wait after declaring bankruptcy, but credit rebuilding is something you want to start as soon as possible. A bankruptcy will stay on your credit report for up to 10 years, which will make obtaining lines of credit much more difficult. Fortunately, secured credit cards are easier to get approved for than other credit cards because of the security deposit acting as a guarantee that the creditor will recover what you owe in case you decide to become delinquent. So your best bet would be to apply for a secured credit card, and our Editors have already selected their Top Picks here. You might also be interested in this article which offers helpful tips on credit rebuilding.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.