law office of Noel Shillito

Moving Beyond Bankruptcy

Credit After Bankruptcy?

Laurie Shillito - Thursday, August 28, 2014
Sometimes we find links that can answer some of your questions in a way that doesn’t require you to come in and chat. We will occasionally post these here, so feel free to search the blog and maybe we can answer your questions at any hour!

One common question many bankruptcy lawyers hear is whether or not you will ever have a credit card again, once you file for bankruptcy.

While the temptation to get a card again is big, please enter into any credit card offers with the knowledge that your interest rates may be higher. Luckily though, you get to worry about this, as credit cards are generally offered right away after filing for Chapter 7 Bankruptcy. Most creditors know the odds, and the statistics show that most people, after one bankruptcy, never claim another one. Therefore, you will probably be offered a card right away.

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