Sentences with phrase «card during your bankruptcy»

This means you will not likely be approved for a regular credit card during your bankruptcy or proposal.

By getting a card during bankruptcy he advises that you can begin building this new credit history sooner and gives some evidence that a significant portion of their cardholders have had success rebuilding their credit score.

Doug & Ted talk about how you can manage without a credit card during bankruptcy:

One of the most frequently asked questions by all of our clients is whether they can keep a credit card during bankruptcy and how filing will affect their credit score.

Not exact matches

During the past decades of irresponsible lending, creditors threw credit around like candy in markets where the credit was dischargeable in bankruptcy (such as credit cards) and those where it was harder to write off debts in bankruptcy.

The card can be obtained during a first time bankruptcy (with a maximum credit limit of $ 1,000) or after a bankruptcy discharge (with a maximum credit limit of $ 4,000).

While many consumers, after filing bankruptcy, avoid new credit at all costs due to the fear of repeating past mistakes, it's crucial to your credit restoration success that you begin rebuilding your credit by opening a secured credit card, retail or gas card, or purchasing a new vehicle — if your previous vehicle was relinquished during the bankruptcy.

Never charge frivolous purchases to your card during the delicate rebuilding period following bankruptcy.

During your credit counselling sessions, your LIT will provide information on how to rebuild your credit after bankruptcy including how to apply for a secured credit card.

Risks of keeping one card open during bankruptcy — Once an issuer learns of the bankruptcy, it may close the card as you are now viewed as a higher risk.

-- If a rewards card is frozen during bankruptcy, you may still have access to most of the points you've earned.

During tough economic times it is common for people to eliminate high credit card expenses, medical bills, and other debt through bankruptcy protection or debt settlement.

But one thing I have seen more of lately is that those being foreclosed have saved their bankruptcy card during the foreclosure, so that they can then play that bankruptcy card when it comes time to get them out.