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Hi @Felicia Sullivan The absolute best thing you can do right now is to apply for a secured credit card. Usually you'll put down anywhere from $200-$500 and use that deposit as your line of credit. Make a small purchase on the card each month. Filling up your gas tank or a small grocery purchase you'd already be making are good options. Then pay the card off right away — you can do it that same day so you aren't tempted to carry a balance.

Focus on making those payments on time every single month, and you'll gradually see your score improve. Within a year or two, you may be able to get approved for a regular credit card.

Bankruptcy stays on your credit reports for 7-10 years, depending on what type of bankruptcy it is, but you can definitely re-establish good credit even while it's still on your credit reports. The damage is most severe in the first two years. From there, it hurts it less and less.

You're smart to be thinking of how to improve right now. You won't see any magical overnight transformation, but within about two years, you can be well on your way to good credit. Hope that helps!

Hi @Felicia Sullivan! Like @Dear Penny said, the key to rebuilding your credit is to start now by paying bills on time and establishing a good payment history. You should start to see your score improve slightly over time. Taking out a secured card or a credit builder loan are also good options. Here's a bit more about the difference between the two:

Secured card: A secured credit card is very different from a regular credit card in that it requires an upfront, refundable deposit, usually somewhere between $200 and $2,000, that will become your credit limit. If you default on your payments at any point, the financial institution simply takes the amount out of your deposit. A secured credit card is a great way to begin building credit while also keeping your budget intact and preventing any credit card spending sprees.

Credit builder loan: A major advantage to this type of loan is that you start building credit on day one. The way a credit builder loan works is that you take out a loan and the lender will put the proceeds of the loan into a secured bank account that you cannot access until the loan is repaid. As you make your payments on time toward your loan, the bank will report your activity to the credit bureaus. After the loan is issued, you will make regular payments and build credit that is reported to your credit report. Once the loan is repaid, you can access the funds in the account minus any lender fees.

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