For many people, overwhelming credit card debt played a significant role in their decision to file
for bankruptcy. Ironically, applying for a credit card after bankruptcy can help you improve your
financial situation – provided you use it wisely. By using your new credit card to make small
purchases and by paying off the balance in full each month, you can begin to rebuild your credit
history. People who have gone through a bankruptcy can typically receive a secured credit card
without a problem.
You can hear more about credit after bankruptcy by watching this video. This expert explains
that although bankruptcy does adversely affect your credit history, it can also benefit your credit
by wiping out your debt. Our bankruptcy lawyers in Aurora and Schaumburg
can help you restore your personal finances.