Rebuilding credit after bankruptcy

[pfloydie]

How can I rebuild my credit rating after declaring personal bankruptcy (2005)? How long does it take? Are secured credit (Horizon Plus Mastercard, Home Trust Visa) cards the way to go?

[gadalian]

mine was discharged in 2003. i bought a condo in last year, my fico-score was back up to 720. i started slowly building up my credit rating by getting secured credit cards, charging gas & groceries, and paying more than the minimum, before it was due. after one year, i received several offers for unsecured cards. i applied for the one with the lowest interest rate, and used it for small purchases, again paying more than the minimum each month, never having a late payment. now i have 3 credit cards with low or 0% interest rate, and a pretty high limit. i keep my balances low (under 100.00), and won't buy anything i can't pay cash for. good luck !