Credit Cards Bankruptcy

Bankruptcy Credit Cards -How to Get the Best

Bankruptcy credit cards - How do I get one?
What to look for when choosing.

A bankruptcy credit card is basically a card that you can get despite bad credit.

You are probably finding it difficult to build up your credit rating again after filing bankruptcy. The major reason for your difficulty is that most of the major companies will not offer you a credit card or other loan due to your past credit history.

There are some companies that will offer bankruptcy credit cards. Essentially, these are credit cards for people with poor, no, or bad credit.

Should I get a credit card if I have filed bankruptcy?

Ask yourself:
Can I handle having a credit card?
Did credit card debt get you into this mess to begin with?
If it did, how have YOU changed?

It's difficult to get along in today's world without a credit card. The most legitimate reason to need a credit card after bankruptcy is for emergencies. Finance experts recommend we keep 6 months of savings. This is great advice but unrealistic for someone just out of bankruptcy.

If you filed a chapter 7 bankruptcy, chances are all your assets were wiped out to pay your creditors - especially cash. In a chapter 13 bankruptcy, your repayment plan may be so tight that you have little left over to save. Without money saved how do you handle emergencies or sudden expenses?

Can you get a credit card after bankruptcy? Absolutely!

It really isn’t that hard. You'll probably get many credit card offers in the mail within days of your bankruptcy. The real catch though is that most of these are total junk. These credit card offers are betting on one thing: that you are desperate.

By examining these offers closely you will find that they want hundreds of dollars in fees. There are monthly fees, annual fees, membership fees, applications fees, and just-for-the-hell-of-it fees.

My advice for you is to slow down, back up, and wait!

Ignore those offers. You will eventually get better ones. Wait a couple months and you'll be happily surprised to find good deals out there such as credit cards with no annual fees at all.

This is what you want. Then when you get your new card use it wisely. Don’t buy junk you don’t need and pay it back every month!

Would you like to learn a whole lot more about the credit card industry?
Do you need a credit card?
Would you like to make the money from credit cards that the banks do?
I invite you to
send me an email.
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While you're there download my free pdf to take a look at how
you can beat the banks at their own game.

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