Will I be allowed to become an authorized user post bankruptcy?

Problem: I was compelled to file Chapter 7 bankruptcy on 16, August 2010 because of unmanageable and mounting debts. My salary is not great. So, it was not possible for me to pay back my creditors. I have received bankruptcy discharge few months back and want to repair my damaged credit slowly. Anyway, my wife has a good credit score. Her present score is 700. She wants to make me an authorized user of one of her credit cards. Will the credit card company permit me to be an authorized user of that credit card? Thanks for any information. Solution: Good to know that you have received bankruptcy discharge and your wife has a terrific credit score. Bad things are over. Now your sole focus should be on restoring your damaged credit. Yes, you are eligible to become an authorized user of the credit card. Your wife can contact the credit card company and ask them to make you the authorized user of the card. They will issue a card on your name after receiving the written request from your wife. The card will be tied to your spouse’s credit account. However, it will be better if you discuss about the handling of the credit card with your spouse beforehand. Once you become an authorized user of the credit card, the account history will show up on your credit report. I guess your wife is a responsible card holder. Otherwise, your wife would not have such a fantastic credit score. You can ask your wife about how to use the credit card in an efficient way. Make sure you never exhaust the credit limit and try to keep the credit-utilization-ratio within 30%. The positive details on your credit report from your spouse’s account will help you improve your credit score slowly but surely. But you should never think that this single step will repair your credit. You’ll be required to add other positive information on your credit report as well. Another way to repair credit will be to apply for a savings loan with a bank. The interest rates on these loans are quite low. So, I think you’ll be able to afford the loan. Make sure you make the required monthly payments on time. Check your credit report to find out whether or not the account status is updated correctly. If you find that the account status has not been reported correctly, then you should contact the bank authority and ask them to rectify the mistake. A smart credit repair tip will be to take out a secured credit card. These cards also come with moderate interest rates. Regular and timely payments on these cards can help you add positive information on your credit report, which is your main goal at present. Finally, your credit score must have reduced by 200-250 points after filing bankruptcy. You have to really work hard to reach your previous credit score (before filing bankruptcy) again. Proper and efficient handling of the 3 accounts will assist you to rebuild credit. Pay all your bills on time for a certain period of time. You’ll find a definite increase on your credit score within the next 2 years.