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I Was a Client Caught in the Allegro Law Debt Settlement Mess and I Now Need to Reestablish Credit. – Georgia

“Hello Steve,

I’m one of your readers mixed up in the Allegro mess. We’ve filed bankruptcy. Now, the task of reestablishing credit. I’ve been looking at Public Savings Bank. I saw your review. I wanted to double check and make sure this is a legitimate company. After Allegro, I don’t know if I can trust anything.



Dear Georgia,

At this point we need to help you get back in the credit game so new good credit can begin to be reported about you. The first step would be to get a copy of your consolidated credit report to make sure all the debt that was included in your bankruptcy is being reported as closed. We don’t want any included accounts showing as still being open and against you.

Since offers change and adjust, let me describe the perfect offer for you. You’ll need to get two secured cards that best match this criteria. The secured card should earn you interest while your money is on deposit, the card should report to all three credit bureaus and it may have an annual fee but look for the lowest one. Also, avoid any card that charges you a monthly fee if you can.

You don’t need to carry a balance, just use the card and pay if off each month. You’ll notice that I didn’t even mention the interest rate as a factor in making your decision. That’s because as long as you pay the bill off in full each month by the due date you won’t be charged interest so it’s not important.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


  • The Public Savings Bank secured card does not have an annual or monthly fee. There seems to be plenty of good reviews out there for this card.

  • Hi Steve, thank you for your response. I appreciate it. I also must assume by your response that Public Savings Bank would not be your first choice. Probably because it has a monthly fee. I am going to check the More On This Topic section of your page for credit card suggestions. Thank you so much for all that you do. I don’t know what I would have done going through the Allegro mess without your advice. I wish you the best. Georgia

    • Georgia,

      I did not look at the offer. I gave you what to look for so you could determine if it was a good offer for you. Just trying to empower you. 🙂

      You are very welcome.


    • I read in this post that Public Savings Bank’s Secured VISA has a monthly fee. I wanted to correct that, there is no monthly or annual fee for this Card.

      • Hi Jack, thanks for the information. I did do the application for a secured card, but have not sent the deposit because when I was applying for the card, I did see a fee. It was small, something like $6.95 per month. I think it came to about $85.00 per year. I didn’t feel that was good because, if you have a deposit, then why the monthly fee? It seems like another way to take advantage of people in trouble. I’m so tired of all of this. I’m still looking. Thanks Georgia

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