Sentences with phrase «card after filing for bankruptcy»

For more information see: Can You Keep a Credit Card After Filing for Bankruptcy?

If you qualify for an unsecured credit card after filing for bankruptcy, the terms you receive will be less than desirable: low credit limits, stiff fees, and high interest rates.

Creditor companies often send debtors offers for credit cards after they filed for bankruptcy knowing that it will be 8 years before they can file for bankruptcy again.

Not exact matches

Unfortunately, filing for bankruptcy leaves credit severely damaged for no less than seven years after the debts are discharged, making it difficult to secure new debt for a home, a vehicle, or a credit card in the future.

In this month alone Saints alltime leading rusher Deuce McAllister filed for bankruptcy protection for the Jackson, Miss., car dealership he owns; Panthers receiver Muhsin Muhammad put his mansion in Charlotte up for sale on eBay a month after news broke that his entertainment company was being sued by Wachovia Bank for over due credit - card payments; and penniless former NFL running back Travis Henry was jailed for nonpayment of child support.

A bankruptcy hurts your credit score for a long time after the filing, making it harder to qualify for unsecured credit cards with low interest rates, high credit limits and rewards programs.

After you file for bankruptcy, your credit report should reflect zero balances on credit cards and lenders are permanently prevented from trying to collect.

Many professionals will tell you that bankruptcy vanishes after 7 - 10 years, however, whenever you open a credit card, buy a house, buy a new car, or take out a student or personal loan, you are almost always asked if you have ever filed for bankruptcy.

You may be thinking that credit cards are evil, especially after filing for bankruptcy.