Bankruptcy Laws
 

Bankruptcy Credit Cards

After bankruptcy, can I get credit cards?

People who file bankruptcy think that it is impossible to get credit cards years after bankruptcy. This is not entirely true. Although it is hard to get a large loans or mortgages for those who have filed bankruptcy, credit cards are easier to get. You just have to know how to go about getting them.

My credit is destroyed after bankruptcy, how can I qualify for credit cards?

Although your credit as well as credit score are most likely to be thrashed after filing bankruptcy. However, unlike foreclosure, lenders and credit card companies are likely to qualify you long before the bankruptcy is removed from your credit report. That means you don't have to have good credit to get credit cards. You can qualify for some credit cards even soon after filing bankruptcy.

Bankruptcy Credit Cards
How to rebound fast after bankruptcy and get credit cards?

Different credit card companies have different rules on when they would qualify someone who has filed bankruptcy. Credit card offers will keep coming to you but you won't be qualified even when the letters say you are until you have shown that you can pay bills regularly.

I cannot qualify for any credit cards after bankruptcy! What to do?

Sometimes it is hard to qualify for credit cards soon after bankruptcy. However there are certain types of credit cards that are easier to qualify for such as secured credit cards. The credit limit is usually the amount you have in your bank account. Some people think of this type of cards as debit cards but they are actually credit cards. When you have a credit card, use it and pay it off monthly. You do not need to carry a balance on your credit cards to build your credit. The key is to show on your credit report that you can be responsible to pay off the debt or parts of the debt monthly.

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