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. Increase credit limits on your cards to have more money to spend.
B. Cancel and shred paid-off cards to avoid the temptation of using them.
C. Apply for a personal loan to pay down the balances of maxed-out cards.
D. Apply for a secured credit card with a cash deposit made to that account.

Secured credit cards can help repair credit after bankruptcy by depositing funds into the account. Managing credit card use wisely is crucial, including paying off balances monthly and avoiding maxing out cards. Key strategies include increasing credit limits, avoiding high fees, and keeping credit utilization low.

Explanation:

Secured credit cards are a beneficial option for those looking to repair credit after bankruptcy. By depositing money into the account and spending within the preset limit, individuals can improve their credit score over time. It's important to manage credit card use wisely by paying off balances monthly, avoiding maxing out cards, and controlling spending.

Additionally, increasing credit limits, avoiding cards with high fees or minimum requirements, and keeping credit utilization low are key strategies in repairing credit post-bankruptcy.

Learn more about Credit utilization and repairing credit here:

https://brainly.com/question/42342703