Tag Archives: restoring credit
Have Faith, and a Plan: Tips to Restore Your Credit
Follow a Budget. Your budget is your spending plan that will help you live below your means, preventing you from accumulating unnecessary debt. Set money aside. Open a long-term account at a bank or credit union that offers low to no fees associated with withdrawing early. Financial experts recommend setting aside an emergency fund equivalent […]
Secured Credit Cards: An Option for Restoring Credit after Bankruptcy
Whether you are a young person starting out with no credit or are re-establishing credit after bankruptcy, one credit-building option is a secured credit card. A secured credit card requires a deposit to guarantee the card. For example, the bank may require an initial $500 deposit and give you a credit line of $500. As […]
