Sentences with phrase «cards after filing a bankruptcy»

Often it is easier to obtain credit cards after filing a bankruptcy than prior to filing.

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.

Make a $ 450,000 home loan with 3 % down to a couple making $ 35,000 a year working at Starbucks; already burdened with $ 90,000 in student loans, $ 20,000 in credit card debt and FICO scores of 610, after they tell the loan officer they make $ 120,000 as senior managers of a large multi national corporation When they default on the home loan, file bankruptcy to discharge student and credit card debt and start living in section 8 housing, you now have a new brother and sister.

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.

Democratic Assemblywoman Gabriela Rosa resigned last week after it was revealed she had a «green card» marriage and made a false bankruptcy filing.

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.

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 receiving the bankruptcy notification, if the creditor believes you ran up your credit - card balance before filing, it can challenge the request to eliminate some or all of what you owe him.

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

Don't use credit cards after meeting with a bankruptcy attorney unless you've decided not to file.

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.

Bankruptcy can eliminate unsecured debt such as credit cards, but requires that secured debts be paid after filing if the debtor wishes to keep the colatteral (car, home, boat etc.) In some -LSB-...]

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

Most of the credit card offers you can get after filing bankruptcy come with very high interest rates, annual fees, monthly maintenance fees, lower limits, and short payment periods.

You will need to start rebuilding your credit as soon as possible, but you really need to beware of new credit card offers after filing bankruptcy.

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.

Quit using the credit cards (using credit that you don't intend to repay is fraudulent) and quit making payments on them (once you've decided to file bankruptcy, making payments on credit cards is just throwing good money after bad).

In general, we advise clients to consider a secured credit card, a small unsecured credit card or a small loan as a way to begin the process of rebuilding credit after filing a bankruptcy or consumer proposal.

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.