Credit is one of those things that takes a life time to build and can so quickly be destroyed. Usually taking 7 years for anything to come off. Sorry about the issue.
I'm not a personal banker (Im a commercial one) but are you able to go to get a cash secured MasterCard/Visa from your bank? I know we do it in our space, so if any personal bankers want to chime in please do. Get a 2500 limit, give them full cash security and you should be able to get the higher limit. The money will be held in a GIC or Term Deposit.
Anyway, that is one idea.
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