Posted on: 04th Sep, 2009 04:35 am
How long does it take to get a credit card after Chapter 7, bankrupcy??
hi,
creditors consider you credit-worthy after 2-3 years of getting a discharge from chapter 7 bankruptcy. however, some companies may still offer you credit cards with lower limits immediately after a bankruptcy discharge. but you'll have to pay exorbitant fees and interest rate on such credit cards. the best thing is to repair your credit after bankruptcy before applying for a credit card or any other debts.
creditors consider you credit-worthy after 2-3 years of getting a discharge from chapter 7 bankruptcy. however, some companies may still offer you credit cards with lower limits immediately after a bankruptcy discharge. but you'll have to pay exorbitant fees and interest rate on such credit cards. the best thing is to repair your credit after bankruptcy before applying for a credit card or any other debts.
Ideally after 2 years from chapter 7 bankruptcy gets credit cards.
Just depends but usually after 2-3 years and you have proved your self worthy again.