Can I Get A Credit Card Past Bankruptcy ?
Bankruptcy is a procedure that a person undertakes when he or she does not have a source of income and also does not have anymore money for their sustenance. That means you are not in a position to complete your financial commitments and also clear your loans. |
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Your fixed assets such as house or car will not be harmed when you file for bankruptcy. For most credit card companies they require that the person applying for a credit card has a good credit score. If you have reached a state in your life where you have to file for bankruptcy, then possibly there are some dents on your credit history too by then.
Popular companies do not entertain any credit card applications from people who have a poor credit rating or have had a history of delinquency. With poorer credit cards the credit card companies usually demand a high rate of interest for the usage. Unless you are able to make payments before the interest starts accruing on your card you will be in deeper problems then you started with. Once you file for bankruptcy the status is printed on your credit report also. This status stays until you clear all your financial obligations and also it would keep reflecting for the next seven years. none of the credit companies will actually allow a card. However, some companies do have alternate plans where they give such people credit cards but with a very low usage allowance or credit limits in most cases.
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