 What is best credit card for college students with no credit history? |
| i'm planning to apply for a credit card but i have been declined from one (american express blue for students) and i'm not sure which one is best for me since i believe some of them require ... |
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 I bought things online before i was 18, am i obligated to pay? |
hello,
i purchased a bunch of items online through abcdistributing and ltdcommodities when i was 16 or 17, a couple hundred worth, buy now pay later sort of thing, they won't stop calling ... |
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 Where in the UK do people find loan sharks? |
| I mean really sharky sharks, the dodgy type?... |
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 Why do i need a social security card? |
| i got a job offer at my school today but she wants me to bring in my social security card . i have a social security number. i went to the social security office did the paper work but have to wait ... |
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 I made an offer on a condo, and my father is co-signing for me because I have very bad credit.? |
Is this possible? Will this work? Or will some of my debt have to be paid off? Anyone know? $15,000 is what he's putting down for me also.
The offer has been accepted by the seller, ... |
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 Can anyone recomend where to get a loan? |
| My partner andi both work but have a poor credit history does any one know of a reliable place that will help ... |
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 How can I lower the Finance Charges on my credit card? |
| Visa is charging me 21.49 % for purchases + 24.49% for cash which adds up to finance charge $149.00 a month. How can I reduce my monthly finance charge?... |
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 Does this make you credit score drop? |
| I got an auto loan. My score dropped by 12 points. I am current on all of my payments and carry a low balance on my credit card. Did my score drop because of the loan?... |
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 I have bad credit and I have a credit card that filed papers with my local court to sew me. I am very worried? |
| I need to come up with $3,000 and I don't have good credit. What can I do? What could happen to me? I don't have a job right now so Im very worried. Is there somewhere I can go to apply for ... |
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 A coworker stated she refiled her income taxes to get a second refund? |
| she stated its been done before, im just wondering can she actually get away with this. she did state one had to be done electronicaly and one mailed in. is that ... |
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 Could you get a credit card and pay it in full each month? |
| Just to get the cash rewards and never pay a penny interest?... |
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 Can I get a morgage if i have just recently come out of bankruptcy? |
| Recently free of personal bankrupcy in Feb 07 and would like to get a shared ownership morgage....... |
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Lhan R | I've consulted an attorney and decided to file bankruptcy, so can I still use my credit card? |
My dad just consulted a bankryptcy attorney and decided to file bankruptcy. So can he still use his credit cards (Visa, Macy's, Bestbuy)? |
 |
 
Studly
|
You didn't specify which type of bankruptcy.....it will make a big differance in how you proceed.
1) With most chapter 13 trustees, you are not allowed to keep credit cards. The theory goes that all of your disposable income is going toward your debts, so how can you afford to get deeper into debt? They make you cancel them.
2) Once you file BK, the credit card companies automatically get the reports and search their records to see if you have a card. If so, they notify your bank or card issuer who has the ultimate decision of canceling it.
If your card has a zero balance, you may be able to keep the card. But you will first need to reaffirm the card with the bank. Your lawyer needs to be involved in this.
I've helped several people with their debt problems, and some filed for BK. We did manage to get them a credit card, but you must follow the procedures. |
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misschaos6515
 |
I wouldnt - Im in the middle of filing bankruptcy right now - ESPECIALLY the best buy one - whatever he buys now - they will make him give it back...Dont use them. |
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millylouise
|
If he included those credit cards in the bankruptcy then unfortunately no. |
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OC1999
 |
If he has already filed, then it is very likely that the cards are closed(or will be closed very soon). So he would not be able to use them.
If he has not filed, he could still use the cards. However, this is NOT something he should even consider doing. The main reason is anything he is charging on now, he probably has no intention of paying on it. When his case goes in front of the trustee, they could determine the charges made. The very least he would owe that money still, the worst would be that they think he was trying to commit fraud. In that case they could go after serious criminal charges. |
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Expert Realtor
 |
The short answer is no. Your creditors, if they find out you have a bankruptcy, may also cancel the card, irregardless of your payment history, or significantly raise your interest rate. |
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Stephanie D
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I'm talking from an Australian perspective....
Just because you are bankrupt, it doesn't preclude you from borrowing money, HOWEVER, you must disclose to these people/companies that you are bankrupt and then they can make an informed decision, most will probably reject your appliction. If the credit cards are included in the bankruptcy, it is most likely that they will be voided, if they aren't then I think you still have to advise the companies that you are bankrupt and then they can decide whether or not to continue you account.
On the other side, I don't know your (or your father's situation) but if you have gone bankrupt there is usually an issue behind it that needs to be addressed. |
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sfgirl_89@yahoo.com
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Depends of what type the bankruptcy is. If its chapter 13, you can still keep some of your credit cards and if you file for chapter 7, this is a full bankruptcy and therefore you should be surrendering your credit cards. Chapter 13 will drop from your credit file 7 yrs from date of filing and chapter 7 will drop from your credit file 10yrs from date of filing. |
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reality
 |
Yes, he can. And he should keep few credit card for a future use, because, he will not get another one for a wile.He should tell the attorney which card he would like to keep. |
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