February 3rd, 2011 by Questions
I was discharged Jan 06. I have kept my credit clean during this period. I have dealt with TDcanada trust since then
My mortgage with Home Trust during the past 4 yrs has always been current. I also have a secured line of credit card with home trust which has also been current. I appled for a secured credit card with td last week and was refused as pre bankruptcy i had a line of credit with them that fell into the bankruptcy. Do all the major 5 banks have this policy. How can one rebuild their credit with an institution who offers more comparative interest rates if even after discharge + 5yrs you will never be able to get credit from them if you had a debt with them prior to bankruptcy
Posted from: Ontario
One Response to “credit cards”
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February 04, 2011 at 8:23 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
The post-bankruptcy lending policy is different at each major bank. However, the easiest way to get approved for a credit card is to save a small deposit, contact either capital one or hometrust and apply for their secured credit card. The other bit of advice is don’t waste your time applying with the major banks you previously owed money to. Set up a bank account with an institution you did not owe money with and use this as your primary account. Essentially develop a new relationship with someone who wasn’t impacted by the bankruptcy.