My credit got ruined after my divorce. I’ve got... - Build Credit History Questions

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Build Credit History » My credit got ruined after my divorce. I’ve got some unpaid debt and I just got turned...

My credit got ruined after my divorce. I’ve got some unpaid debt and I just got turned down for a balance transfer credit card. How can I repair my credit score quickly?

Answered on
Add to Favorites:

Tags: , ,

First of all, don’t feel bad. Many people have suffered setbacks to their credit score due to a divorce, illness, or other event beyond their control. The key is to be proactive about repairing your credit, which you are already doing by asking this question. Second, be prepared to be patient. You may not be able to improve your credit score quickly, but given some time, you can get it back to where it used to be. Even the worst credit marks, like bankruptcy, fall off your credit report after seven to 10 years. The best thing to do is get in touch with your creditors and tell them what’s going on. Set up payment plans to pay off your debt over time. Stick to the plan, make your payments, and get a secured credit card so you can begin to rebuild creditworthiness. Before you know it, you’ll be on the road to repaired credit. Also, there are cards that do not require excellent credit to apply. For example, Fred Meyer shopping card can be of a great help if you are their loyal customer.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
See if you Pre-Qualify without harming your credit score
For Poor Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit
No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
For Please refer to issuer's website

Other Questions in
Build Credit History