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Rebuilding after BK with an American Express Card

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    Rebuilding after BK with an American Express Card

    Hi this is my first post. Lots of good info here.

    I had my chapter 7 discharged about 3 months ago. I am lucky in that because I work for American Express I get to have a card with them no matter how bad my credit sucks (my score is 550 now). So I got a Gold card right after my BK was discharged. It's not like a regular credit card, it has to be paid in full each month. I am wondering if there is anything different I need to do when using this card to best help rebuild my credit, since it is not like a regular card?

    #2
    Thats awesome!!!

    The card does report to the credit bureaus right? If so, then you're in good shape!

    Its even better if you have a variety of loans reporting, such as mortgage, auto, unsecured, etc.... But its best just not to have the debt to pay in the first place!

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