2007-03-01 09:15:51 · 3 answers · asked by optomist prime 1 in Business & Finance ➔ Taxes ➔ United States
Not hard at all. Banks love people that have just discharged from chapter 7 because they have no debt and can't file again for 7-years. But you have to be careful, you will get flooded with credit card offers and people trying to sell you a car. Read the fine print fully some credit cards have a $500.00 limit but will hit you with half of that just for signing up with them. The best I found was Orchard bank.
I deal with Special Finance every day and I can't tell you how many people have come to me to buy a car and after I pull their credit I find a credit card with a $250.00 to $300.00 balance that has been written off after their B.K. Most every time when I ask them about it, it is a card that they never bought anything on and all it is is the fees related to the card. Since they did not buy anything they don't pay and then they have derog. credit after a B.K. (Very tough to get bought) So be careful.
2007-03-01 09:58:07 · answer #1 · answered by ? 7 · 1⤊ 0⤋
Shortly after your case is discharged, your mailbox will start to fill up with credit offers from companies that prey on 'B' and 'C' paper individuals. Since you have just been discharged you cannot file again for 7 years and they know it. A few of the offers might be worth considering but read the fine print CAREFULLY! You will be able to get credit fairly quickly BUT you will be paying high rates so go easy on it.
2007-03-01 09:38:26 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
the first three years are the hardest to get through. then it gets better after that..
2007-03-01 09:19:45 · answer #3 · answered by ? 2 · 0⤊ 0⤋