August 18th, 2009 by Questions
Can I apply for a secure credit card while in the bankruptcy process or do I have to wait until I am discharged?
Posted from: British Columbia
August 19, 2009 at 7:50 am, A licensed trustee said:
Certainly, although most will not approve your application until you’ve been in bankruptcy (or a proposal) for at least 3 months. If you need a card sooner, you may purchase a prepaid card, but keep in mind these cards do not actually rebuild your credit as no credit is being extended. Talk to your trustee before you apply to discuss options and the impact each might have on your situation.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.