How can you keep credit utilization low and still have the convenience of a credit card as you work to repair your credit score after bankruptcy?

A secured credit card requires a cash deposit that serves as collateral, while still letting you make purchases with a card. Keeping the balance low relative to the card’s credit limit helps maintain low credit utilization as you rebuild credit. Increasing limits or taking a loan may encourage more debt, and canceling paid-off cards can reduce your available credit.

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