Can I get a credit card if I file for bankruptcy?
I heard a rumor that I will not be able to get a credit card if I file for bankruptcy. Is this true?
David Nelson
Once you have filed for bankruptcy, if you don't have a foreclosure, it generally takes a couple of years to re-establish your credit if you do nothing proactive to improve it.
With a foreclosure, it's more like 4 years.
However, there's a lot that you can do to improve your scores. I recommend the Credit Secrets Bible. Use this and do it yourself. You can repair your credit after a bankruptcy. You can even do it more effectively than a credit repair agency or credit repair company. The Fair Credit Reporting Act states that when you make a dispute, if your dispute comes from a credit repair company then the person who furnished the bad credit information can ignore the letter. But if it comes from you directly, they don't have that luxury.
Have a look www.TheCreditSecretsBible.net for more information on that law and on how the Credit Secrets Bible can help you help yourself.
Disclaimer: The response above does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice.
Replied: 7/22/2010 With a foreclosure, it's more like 4 years.
However, there's a lot that you can do to improve your scores. I recommend the Credit Secrets Bible. Use this and do it yourself. You can repair your credit after a bankruptcy. You can even do it more effectively than a credit repair agency or credit repair company. The Fair Credit Reporting Act states that when you make a dispute, if your dispute comes from a credit repair company then the person who furnished the bad credit information can ignore the letter. But if it comes from you directly, they don't have that luxury.
Have a look www.TheCreditSecretsBible.net for more information on that law and on how the Credit Secrets Bible can help you help yourself.
Disclaimer: The response above does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice.
Klinger Law Center
After you file you will be able to start building your credit back up. Don't listen to Rumors. Call us, or email us to set up a free no obligation consultation with one of our attorneys.
Disclaimer: The response above does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice.
Replied: 7/20/2010 Disclaimer: The response above does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice.
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