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Topic Bankruptcy Go to previous topic Go to next topic Go to higher level

By Tarek On 05/24/01  

I just get a discharge from a bankruptcy case.
How can I strat to apply for a new credit card? Is there a certain duration of time have to pass before applying for any card?
Thanks



By The_Insider On 06/08/01  

Bankruptcies normally remain on your credit report for up to 10 years.

You may be able to begin to reestablish credit prior to your bankruptcy dropping off with a subprime lender. Check out the "cards for damaged credit" section in the "browse" area of this site.

I don't know the circumstances of your bankruptcy, but I would not recommend that you obtain another credit card until you're sure it won't cause you to fall back into insurmountable debt.

Hope this helps,
The_Insider



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