Life After Bankruptcy

Life After Bankruptcy

Making Use Of Credit Wisely After Bankruptcy

BEWARE OF CREDIT PROVIDES DIRECTED AT RECENT BANKRUPTCY FILERS

“Disguised” Reaffirmation Contract

Very Very Very Carefully read any credit card or other credit offer from the ongoing business that claims to express a loan provider you placed in your bankruptcy or obtain a financial obligation you discharged. This can be from a business collection agencies company that is attempting to fool you into reaffirming a financial obligation. The small print for the credit offer or contract will probably say you will get brand brand new credit, but only when some or every one of the stability through the discharged financial obligation is put into the account that is new.

“Secured” Bank Card

Another kind of credit marketed to bankruptcy that is recent as a sensible way to reestablish credit involves “secured” bank cards. They are cards where in fact the balances are guaranteed with a bank deposit payday lenders in Taylors South Carolina.

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