I have recently come out of some financial trouble. I had about 4 collection agencies I owed money to and 2 credit card accounts that had been frozen and closed.
I have now paid off both credit cards and all collection agencies but one. Once I pay off the last collection agency I will have no more outstanding debt (other then student loans which I have been paying on time).
My question is, how long should I wait before applying for a new credit card? I had financial issues due to school and no job. I am now well employed and would like to own one again.