Big brainstorm on best credit cards

In years past, bankruptcy would have meant that all purchases would have to be made with cash for at least seven years, rendering big purchases such as appliances and cars pretty much out of reach. Now, a creditor who wants to reestablish his good credit rating can turn to secured, or bad credit credit cards to start the process. Bad credit credit cards are not meant to be an easy fix for the irresponsible, however. An upfront cash deposit is required to obtain bad credit credit cards, and they allow only a minimal initial credit limit. The debtor can use the card for small purchases, pay the balance off monthly, and gradually reestablish his credit rating over a period of time.

07/29/09 1

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