You have a zales credit card it is a jewelry credit card can you file bankruptcy on this card along with your other credit cards?
To get credit cards after bankruptcy you can apply to credit companies that you haven't had previous experience with or go with your old company and get a card with a lower limit on it.
When going into bankruptcy, your credit card accounts will be cancelled as a result, so you will NEVER be able to use your credit cards if you go into bankruptcy. Depending on the type of bankruptcy, you will be able to apply for new credit cards (and other loans) after seven (7) or ten (10) years.
You can declare bankruptcy due to credit card debts, yes.
Yes. If you declare bankruptcy you must declare all cards, loans, assets and debts.
Chapter 7. The credit cards would be unsecured debts.
People with bankruptcy can get credit cards from some companies that offer the option. While it is easy to get, interest rates and fees will be much higher as a result, until one can improve their credit score.
When in bankruptcy it is not possible to have a credit card. Once the terms of the bankruptcy have been met, some credit card companies will consider issuing a credit card to some people.
check Federal Bankruptcy act 801.3
it does not work
I filed bankruptcy for my credit cards my wife has her own credit cards in her name am I obligated to pay her credit cards also when we get a divorce?
If your name is not on the account, and the account is not considered a "joint account" by the credit card company, then you should not be held liable for any debt on your wife's credit cards.
Bankruptcy is the filing of a petition that claims your assets, and your inability to pay for them. Bankruptcy severely effects your credit, and is present on your credit for 7 years. During this time getting credit cards or loans can be very difficult.
No, however once you have completed the 1 year term of bankruptcy you can then apply for a pre-paid credit card to begin rebuilding your credit.
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.
No. If you are seriously considering filing for bankruptcy, then you should not use nor pay on your unsecured credit cards. This is due to the fact that you are going to be eliminating those debts. You will need that money to pay your court costs and attorney's fees when filing for bankruptcy.
You probably won't be able to get credit for the next seven years.
"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."
Visa offers traditional credit cards, rewards credit cards, and premium rewards credit cards. This is in addition to the business credit cards that Visa offers, along with the pre-paid and debit cards offered.
Once your bankruptcy has been dismissed, you can apply for and receive new credit. It is not recommended but many people do get new credit cards after filing. Usually a company included in a bankruptcy will not extend credit to you again.
The judge may disallow those debts from the bankruptcy because you are obviously attempting to defraud the credit card company.
One of the most common first steps to repairing poor credit after bankruptcy is to get a secured credit card. This is because a secured credit card needs a security deposit in case you don't make payments.
Would be very difficult, if not impossible to get.
One can get information on the best credit cards after bankruptcy from many different websites. Some examples of these websites include CreditCards and BankRate.
Yes, all credit cards are considered debt no matter what the name of the card is.
Chase Bank stopped issuing Circuit City credit cards in late 2008 to early 2009 when Circuit City declared bankruptcy. Most Circuit City branded credit cards became regular Chase Bank credit cards afterward.
It cause interest rates to rise.
Yes you can get a credit card, and it will help you rebuild your credit if paid on time. Go Google and type in credit cards for people with bad credit, you will get loads of hits.
When you have a debt for overpayments by social security can you declare bankruptcy on the social security debt and still keep your credit card?
== == NO, you have to turn in any credit cards and include the credit card debts in the bankruptcy. You can't pick and choose what debts you are going to include.
Vanquis Bank is willing to give credit cards to persons who are bankrupt and have been refused credit elsewhere. Clients can start with a manageable credit limit from å£150 to å£1000.
That depends on, what's on your credit bureau file. The score will look at the age of your credit cards, balances and payment history
You are 82 years old your house and car are paid for older home and 2001 car but you have a lot of credit card debt Can you file for bankruptcy just for your credit cards?
You file bankruptcy on all debts you owe. If you only owe money on credit cards you can file on them. Otherwise, if you owe money to a doctor, hospital, bank or other place you have to list them.
What, and leave me to pay your bills? Don't be a parasite on society!
Filed for bankruptcy 8yrs ago and not credit card since should I get credit card now to esatablish credit score and how long will it take to build this up to be able to remove bankruptcy from credit?
Normally the bankruptcy will remain on your report for 10yrs. The longer it is on your report the less impact it has on your score, although still an eye soar to potential creditors. I would recommend establishing one or two cards to build up your credit. Orchard Bank and First Premier are two of the easiest approval cards. Also, I would recommend establishing a secured loan with a small credit union that report to the… Read More
If you are in the process of filing chapter 7 bankruptcy can you still use credit cards to make purchases?
Ask your attorney, but many judges would consider this intentional fraud and may disallow the credit cards as part of the bankruptcy. It is certainly not honest to buy things knowing you don't intend to pay as agreed.
Yes; however, the issuer is not required to continue to extent you credit (can close the account).
If your wife files bankruptcy without you Will you have to give up credit cards that are in your name only?
No... any cards that are solely in your name - are YOUR responsibility. Only cards and accounts in joint names will be affected.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Generally you have to list your home as an asset. But there are different kinds of bankruptcy, and if things work out, your home ownership could be protected. See a bankruptcy lawyer!!
You need to notify the Credit company, once you've done that you may suspend payments.
It is up to the credit card company/bank to give you a credit card. If they approve you, that is their risk. Lately, card companies purposely target people with bad credit (including people who have gone through bankruptcy) because they have a better chance of making a profit through late fees and high interest. Also, new bankruptcy laws state that credit card debt can now not be relieved through bankruptcy. So, if you have bad… Read More
Bad credit is not the only disadvantage to filing for bankruptcy. The most obvious disadvantage of filing for bankruptcy is that it will ruin your credit for at least 7-10 years. Some other disadvantages include: * Losing credit cards * Losing non-essential possessions * Inability to obtain a mortgage for some time * Embarrassment * Not all debt will be discharged
Get a copy of all three credit reports. The addresses and/or phone numbers of all your creditors should be listed on the report. You should also include the addresses listed on your statements so that in case your credit report has an error your creditor will still get notice of your bankruptcy.
Good for you! More people should cut up their credit cards and learn to live within their means.
Keep in mind that a bankruptcy will affect your credit score. What you must do now is add good credit e.g. secure credit cards and maybe a secure loan will increase your credit score within 2 years. Your credit scrore primarily judge consumers on what they have done within the last two years. If you add good credit, your score will increase.
Neither. Both of your stated options are bad.
Because it makes them feel like they have money, but the reality is that they are setting themselves up for bankruptcy
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.
A great option to rebuild credit after bankrutpcy is getting a secured credit card. Secured credit cards can be used just like regular credit cards, the key difference is that they require an up front deposit to secure the credit limit. For example if you want a $500 credit limit, you will need to make a $500 deposit. For most secured cards there is no credit or bankruptcy check. You will receive a card as… Read More
You cannot put IRS in with your bankruptcy. She still owes this bill. I am speaking from experience, I still owe them 5k after bankruptcy.
Can you add credit cards to your bankruptcy if you are already doing debt settlement but nothing has been settled yet?
Yes. Putting credit cards into debt settlement does not make those debt non-dichargeable in bankruptcy. You can list all credit cards in your bankruptcy, even ones in a debt settlement program. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person… Read More
Does filing bankruptcy improve a credit score if there were a lot of charged off credit cards and late payments prior to filing?
No, just the opposite. Bankruptcy is the ultimate "train wreck" of a person's financial standing. Even after the ten year SOL there will be a public record, and the consumer will still be penalized for it. Bankruptcy, is not, as some are led to believe, the magic cure for debt problems.