credit card
I asked for a supplementary card for my daughter .At the time I did not think she would be liable for my debt .She was not a co-applicant .I assumed I alone would be responsible for my debt if I had financial trouble.I have been told that if she signed and used the card she is responsible for all my debt.How do the credit card companies know that she used it. The cards are identical and have the same card number.We feel mislead because we do not understand legal
fine print .
You’ve raised a couple of issues…
First, you cannot simply choose to repay one of your credit cards, at least not during your bankruptcy procedure. If you do then the rest of your creditors have the right to expect to be repaid in full too.
Once you have been discharged (your bankruptcy is over) you may decide to repay any/all of your creditors – that’s a choice you have to make yourself. The benefit of bankrputcy is that you can no longer be “compelled” to repay your debts from a legal perspective.
The second issue you raise is really about re-establishing your credit. Unfortunately, it will take time. The higher your income the less time it will take, but the average person experiences 3 or 4 years of restricted access to unsecured credit after they have been discharged.
I suggest you have a conversation with your trustee just before your bankruptcy ends to discuss credit reporting and rebuilding after your discharge.