credit card

December 9th, 2009 by Questions

i applied for a pay as you go credit card is that going to make my bankrupty`s worse and is that allowed

Posted from: British Columbia

Questions

One Response to “credit card”



, A licensed trustee said:

As long as you disclose to anyone granting you credit during your bankruptcy that you remain an undischarged bankrupt you aren’t breaking any rules.

Generally a “pay as you go” card isn’t actually a credit card – they don’t extend any creit to you, in order to use the card you have to pre-pay (like a gift card).

If you are unsure, speak to your trustee BEFORE you apply for the card.

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