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You will also have to be aware of secured credit card scams. There are compaines out there who know people are in unfavorable financial situations and will take advantage.
Defintions of secured credit card I found on Google are:
1.A credit card obtained by opening up a savings account with a bank offering this program. The bank will issue a major credit card and secure it with a deposit
2.A credit card backed by collateral, usually cash in the form of a bank deposit account.
3.A consumer uses savings or cash deposit to guarantee the credit card or loan; the limit of credit is based on the amount of deposit available.
4.A credit card secured by a savings account that has been established in advance by the borrower. The amount in the account usually determines the limit on the credit card. These accounts present no real risk factor for creditors and are therefore much easier to obtain.
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Yes you can, after all they issue Credit cards to Dogs and Dead people all the time... Odds are you'll have to get a secured Credit Card, where you are effectively borrowing your own money.
My question is why would you get another Credit Card after going through Bankruptcy? Borrowing money hasn't been a blessing to you so far. If you continue down the same path you will continue to get the same results.
-Goose
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Goose you dont know his situation so shut the trap ..
Yes you can get a secured card thet is the begining of a fresh start, make payments on time and little by little they will offer you more credit, once it goes unsecured you can stop the credit increased at any time like lets say $ 200 dollars and use it for car rentals etc good luck to you !
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How long does a chapter 13 converted chapter 7 stay on credit report?
Ten years from the date of original filing.
Can bankruptcy be taken off your credit report if the bankruptcy was dismissed through the courts?
Bankruptcies are a matter of public record and this is why they appear in credit histories. A Chapter 13 listing will remain on your credit report for seven years from the filing date and a Chapter 7 will remain on the credit report for 10 years from the filing date. The credit report entry will state the bankruptcy was filed and dismissed, not discharged.
Does a chapter 13 bankruptcy filing stall foreclosure?
Yes. It is the most common reason for filing a chapter 13.
Can bankruptcy hurt you?
Whether you are filing Chapter 13 or Chapter 7 bankruptcy, your credit score will be directly impacted for 7-10 years AFTER you exit protection.
Can you be current on your credit cards and file chapter 13?
Yes. But in California, you can not have more than ~$330,000 of unsecured debt if you are going to file for Chapter 13. Check your local bankruptcy rules to see if you qualify for chapter 13 bankruptcy based on your debt.
How long does a chapter 13 converted chapter 7 stay on credit report?
Ten years from the date of original filing.
How long after filing chapter thirteen can you apply for credit?
One day. You can apply any time. However, your chapter 13 stays on your credit report for 10 years.
How long does a chapter 13 conversion to a chapter 7 stay on your credit report in Wisconsin?
A chapter 7 bankruptcy filing remains on your credit report for 10 years. Chapter 13 bankruptcy remains for seven years. Under chapter 13 bankruptcy you repay at least a portion of the debt, so it is removed a little sooner.
Can bankruptcy be taken off your credit report if the bankruptcy was dismissed through the courts?
Bankruptcies are a matter of public record and this is why they appear in credit histories. A Chapter 13 listing will remain on your credit report for seven years from the filing date and a Chapter 7 will remain on the credit report for 10 years from the filing date. The credit report entry will state the bankruptcy was filed and dismissed, not discharged.
Does a chapter 13 bankruptcy filing stall foreclosure?
Yes. It is the most common reason for filing a chapter 13.
Can bankruptcy hurt you?
Whether you are filing Chapter 13 or Chapter 7 bankruptcy, your credit score will be directly impacted for 7-10 years AFTER you exit protection.
When can you file chapter 13 after filing chapter 13in the past?
You can file a another 13 after 2 years have passed from the previous 13 filing date.
Can you be current on your credit cards and file chapter 13?
Yes. But in California, you can not have more than ~$330,000 of unsecured debt if you are going to file for Chapter 13. Check your local bankruptcy rules to see if you qualify for chapter 13 bankruptcy based on your debt.
A Chapter 13 bankruptcy filing is called a?
reorganization
When does the 7-year removal from your credit apply?
7 years from discharge (not filing, but actual date of discharge) of a Chapter 7. Don't know about a 13.
If Wal-Mart and Lowe's credit cards are paid current and you file bankruptcy and keep these accounts paid will you be able to keep these cards?
In Chapter 13 Bankruptcy the cards would need to be paid off so as not to be included in current debtors. Also, if you are going to pay off a credit card so you will have it after filing Bakruptcy, make sure none of your other cards are owned or a part of the same parent company, or you will lose the card.
When does chapter 13 come off credit?
Bankruptcies (both Chapter 7 and Chapter 13) remain on your credit report for 10 years.
