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Secured Credit Card during Proposal

I am halfway through my consumer proposal and would like to replace my prepaid MasterCard with a secured Visa or MasterCard so that I can start re-building my credit rating ahead of completing my proposal. Am I likely to get accepted for a secured card eventhough the proposal is not yet complete ? Thanks.

Posted from: Quebec

One Response to “Secured Credit Card during Proposal”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

You shouldn’t have any trouble doing this. They may require a letter from your trustee, but that will be pretty easy to arrange. I would suggest contacting capital one, only for the reason that they seem to be the least expensive in terms of annual fees.