Pre-Paid Credit Card after CP?

February 13th, 2011 by Questions

We are thinking of doing a consumer propsal for our credit card debt, which racked up after 3 bad years. I am wondering if a person could get a pre-paid credit card after filing for CP? It would make it easier to deal with some situations (online payments). But would it also help to rebuild credit?

Posted from: British Columbia
CATID10

Questions

One Response to “Pre-Paid Credit Card after CP?”



February 14, 2011 at 9:02 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

This is a great thing to do during a consumer proposal and one that we strongly encourage as long as you have the discipline to use it wisely. By obtaining this secured credit card (and make sure it is a secured card not a pay as you go card) is an excellent way to start the credit repair process.

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