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secured credit card

Is it illegal if while in bankruptcy I read a gov pamphlet on rebuilding credit which reccomended companies giving out secured credit cards and was approved while still in bankruptcy for a 300 dollar for dollar secured card to put more than 500 on deposit with them to up the credit as they said I could put up up to 1500.

Posted from: British Columbia

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One Response to “secured credit card”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

As long as you disclose the fact that you are in bankruptcy then you have not done anything wrong and can get a secured credit card while in bankruptcy. However, it won’t do as much to re-establish your credit as it would were the bankruptcy finished. So I would recommend concentrating on finishing your bankruptcy, then worry about rebuilding your credit.