2026-06-05
What is surplus income, and how does surplus income affect me during a Bankruptcy?
Do you understand the role surplus income plays during a Bankruptcy? Learn more about what surplus income is and how it can impact the Bankruptcy process.
Credit Repair And Credit Cards After Bankruptcy
2012-03-16
Watch the video or continue reading below. When a person goes into bankruptcy he has to hand in all his credit cards to the trustee. After that person has been discharged from bankruptcy, he or she is often a good credit risk, since that person has no debt. Regardless, a discharged bankrupt often has a difficult time getting a new credit card. An option is to acquire a "secured credit card". A "secured credit card" is a card backed-up or secured by funds you have deposited with the financial institution. The card looks like a credit card, and acts like a credit card but will have a limit depending on the amount of money that secures the card. Using a secured credit card is a quick way to rebuild your credit rating after being discharged from a bankruptcy. For more information about secured credit repair and credit cards after bankruptcy, pleasecontact me directly or consult ourBankruptcy FAQ.
