(Video) Can I Get Credit Cards After Filing Chapter 7 Bankruptcy?

Posted by Wesley Scott on July 22, 2018 at 11:25 AM
Wesley Scott

Filing Chapter 7 Bankruptcy is public information. There are numerous companies who purchase this public information to solicit you immediately after filing Chapter 7 Bankruptcy. Credit card companies are notorious for sending credit card solicitations to debtors immediately after filing. Why would they do this? Because, upon discharge, you are debt free, which means you will then have the ability to repay your debts to the new credit card. Crazy right? I know!

So, the answer is yes, you can get credit cards after filing Chapter 7 Bankruptcy. I remind people all the time that we are no longer living in the 1800’s where the bank would lend you money only if you have 3x the collateral and 4 co-signors. It’s 2018 and the economy is powered by huge influxes of massive amounts of credit needed to purchase items and keep people employed. It’s America!

Now, not everyone’s situation is the same. Some may receive numerous offers for credit cards others may receive none. This is not a one size fits all type of situation. Credit is an individual thing. For example, if you are on SSD and receive $400.00 per month you may have a hard time getting a credit card. But, if you earn 45k a year and are now debt free, I am willing to bet you receive numerous credit card offers in the mail. Banks don’t make money unless they issue credit, a lot of credit.

For those of you worried about being able to get credit cards after filing Chapter 7 Bankruptcy, stop worrying. Most of our guests will tell you they receive too many offers of credit cards after filing.


When the time is right, or when you are ready, reach out to Minnesota’s NICEST bankruptcy law firm at www.kainscott.com. You will be so glad you did!

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Topics: Chapter 7 Bankruptcy, Filing Bankruptcy, MN Bankruptcy

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