What's the most cost effective way to restore bad credit from bankruptcy?

I%26#039;d like to finance a car, but I don%26#039;t want to pay %26lt;20% interest or ask someone to co-sign. Should I bite the bullet for 3-5 years of inflated interest, apply for credit card or is there a better, cheaper way?

What%26#039;s the most cost effective way to restore bad credit from bankruptcy?

We were told to purchase a pre-paid credit card. As long as you keep up your payments for a year, that %26#039;deposit%26#039; you put down on the credit card will be credited back to you, then you have a full fledged credit card. just keep up your payments. :)

What%26#039;s the most cost effective way to restore bad credit from bankruptcy?

time is the only way to heal bankruptcy. another is your income level being high enough where a lender would try to do business with you. you can search for a lender yourself that specializes in sub-prime candidates. but i would not apply for credit at every business cause that would only bring your credit further down everytime you apply for credit. the most cost effective way would be to join a credit union, get friendly with the people working there, and as time goes by, you can ask the people about a loan. credit unions are lil more flexible without such outrages interest fees.

What%26#039;s the most cost effective way to restore bad credit from bankruptcy?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!

What%26#039;s the most cost effective way to restore bad credit from bankruptcy?

Why not save up the cash and just buy a car? The best/quickest way to repair credit is a %26quot;pre-paid%26quot; credit car (you give the bank $1000, they give you a card with a $1000 limit. each time you charge something and pay it off, your credit gets a little better.

But you would do well to recognize that most people with %26quot;real%26quot; money are driving the grottiest-looking cars. A car is just a tool to get you from here to there. True happiness is having no debt to anyone.

What%26#039;s the most cost effective way to restore bad credit from bankruptcy?

Buy a junker in cash. Tighten the belt.