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If you have credit cards with NO BALANCE do you have to cancel them if you file bankruptcy?
Wiki User
∙ 16y ago
From prior discussions...it would seem you don't have to do anything. However, the issuer, upon finding out (from credit checks and services that provide this info to them), will likely cancel it. Although sometimes, it slips through the cracks.
Wiki User
∙ 16y ago
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Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?
"Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a zero balance the credit card company might cancel the card."
Do you have to list credit cards with a zero balance in a bankruptcy?
no
What happens to credit cards in a bankruptcy when there is a zero balance?
it does not work
If you file bankruptcy but still have some credit cards with a zero balance on them will you still be able to keep them or will they automatically be closed?
If you have credit accounts in good standing then do not include them in your bankruptcy.
Do you keep or cancel old credit cards with no balance on them Why?
Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.
Can you put credit cards on a bankruptcy?
yep
How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
Do you have to list all credit cards when filing for bankruptcy even one with a 0 balance?
Yes, you have to list EVERY creditor that you have an account with, even those that you are current with or have no balance due. You can run the risk of getting in trouble with the bankruptcy court if you don't.
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
Can you keep credit cards that you do not have balances on during a bankruptcy?
That is up to the CC company. Normal if you file they will cancel the card ASAP. But not always best to inform the CC company what you are doing.
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Can credit cards be used after someone files for bankruptcy?
Sometimes credit card charges are not included in bankruptcy. If they are then you will no longer be able to use them.
