Get guided rightly on questions relating to Credit card after bankruptcy!
Can I keep a credit card?
Can I get a new card?
Can I purchase a new home or car?
Will my credits be completely wrecked?
You can get your new credit card or keep your old ones after bankruptcy. Although it is an expensive affair, a secured credit card post bankruptcy is available at lower rates than an unsecured card. Bankruptcy is not going to harm your credit record as much as your financial circumstances would have.
It is essential to get your credit reports checked before going in for a credit card after bankruptcy. Credit Reporting agencies are within their rights in showing accurate history about your financial affairs. You want to make sure that the bankruptcy discharge also shows on the credit report so that creditors understand that those old creditors have no legal claim remaining. Get your credit scores corrected if there are errors found.
Credit card debt will not be considered for bankruptcy if a credit card is received by fraudulent practices or you have received your credit card for the purpose of spending and not repaying it back.
Bankruptcy filing is usually done by the bankruptcy courts. Bankruptcy petitions will be presented at the High Court in London, or in a county court that deals with bankruptcy matters. You take your petition for bankruptcy to the court that deals with the area where you have lived or traded for the longest period in the previous 6 months.
If you are not sure which court to go to, you should telephone your nearest county court for advice. If you live in one court district and run your business in another, you should go to the court dealing with the district where your business is, as this takes priority over your home address.
After filing bankruptcy, your bank account will be closed. As an alternative to this, you want some arrangements to be made in order to receive your salary and for your bill payment. Your current bank can re-open your account or create a new account post bankruptcy order. As an alternate, a basic bank account can be created known as instant access account, to ensure a smooth flow of basic banking activities. We can help you obtain your bank account bankruptcy.
We provide you access to internet banking, telephone banking so that you are able to pay of your bills and set up a direct debit.
Get your credit card bankruptcy advice with us and set right your finances after bankruptcy or get guided out of your credit card debt. Also get guided on bankruptcy alternatives to tackle your credit card debts.
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