I think this maybe a good plan to get some credit cards. And dont include them in Bankruptcy. Can I do that.
2007-06-28 13:09:01 · 5 answers · asked by DABABY 1 in Business & Finance ➔ Personal Finance
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You need to give them up.
Whatever the reason, you're in bankruptcy and you should spend the next several years paying cash and building up a saving account.
Credit is not your friend for now.
Best wishes,
pup
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2007-06-28 13:16:03 · answer #1 · answered by . 6 · 1⤊ 0⤋
If you are far enough gone to declare bankruptcy and have impacted your credit score significantly, you won't qualify anyway. We can also see what you are up to even after you open the accounts as we review everyone's credit history several times a year and are notified when a bankruptcy is filed. Your credit card accounts then would be closed.
Although you are looking for any easy way out of debt, this is just another sign of continual irresponsibility and a reason why bankruptcy laws got tougher last year.
2007-06-28 20:29:27 · answer #2 · answered by Ginger 6 · 1⤊ 0⤋
Sorry Ginger, that just ain't true.
You will lose the credit cards you declare. If you don't list them, and keep paying, you will keep your cards. I'm no saying it is a good idea, but you will.
If you are paying your bills right now, you have great credit. Credit card companies love it when you are up to your eyeballs in dept. After I charged my mother's final expenses, ($6000) every one of my card raised my limit. Wasn't that nice of them?
What they want is to keep you nailed to the wall with a ton of debt. They want you to keep paying because they make a fortune off the interest. So they will try to scare you. Do not be taken in.
Also, before you go to "credit counseling", see who is it that actually runs those places. Do you think that they may just be a front for a credit card company trying to protect their source of income?
Get thee to a lawyer, dump the dept.
2007-06-28 20:38:23 · answer #3 · answered by Joseph G 6 · 0⤊ 0⤋
I don't know what you're required to declare for bankruptcy, but if you knowingly leave out required information, you could be prosecuted for fraud.
Besides, if you're bankrupt the last thing you need is to borrow more money at high interest rates.
2007-06-28 20:15:51 · answer #4 · answered by rainfingers 4 · 1⤊ 0⤋
surely the people where you apply will see that your credit sucks and you wont get them..................regardless of if it is against the law, seems a rather underhand thing to do IMO
Regards
2007-06-28 20:16:48 · answer #5 · answered by candy g 7 · 0⤊ 0⤋