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[1] Credit Cards After Bankruptcy] - As much as we all would like to avoid having to file bankruptcy, sometimes for some people there really isn't any other option, when this happens these people often start worrying about such things as the obtaining of the good credit card after bankruptcy.

However regardless to what some may think finding a credit card after bankruptcy isn't impossible. There are companies willing to provide this although normally you may expect high interest rates and additional annual fees.

[2] Best Credit Cards After Bankruptcy] - One the reason why companies will offer credit cards after bankruptcy is always that a person cannot seek bankruptcy relief for at least seven years following your initial action continues to be discharged.

Thanks to this credit card companies have a legal recourse to utilize to collect any debts the credit card holder may end on top of. Credit card debts are normally unsecured, however when someone cannot file bankruptcy, wage attachment can be used by the company to get back their money.

[3] After Bankruptcy Credit Cards] - Although their offers are available after bankruptcy they can be a risky option for some. You won't just be dealing with higher rates of interest but you will be charged on late payments and this can quickly add up.

Credit Cards After Bankruptcy are frequently offered by companies supposedly as a possible option to help rebuild ones credit history. People will very often pick prepaid cards up in the hope of getting back on their feet. This really is despite the fact that total annual fees can occasionally even equal those of their initial credit limit.

For some things quickly worsen and worse

To set things into perspective let's say for example that your credit card after bankruptcy annual fees are $290 and your initial credit limit was $300, if you were only one day late to get a payment you can expect on average to end up paying $30 like a late fee.

Subsequently this would push-up the liability to $320 which would cause another $30 fee if you are over the limit, which means that the credit card holder would now have a debt of $350!

Together with all this since you didn't work at this point in your obligations, your rate of interest on your card can rapidly go to the maximum allowed legally.

With the exception of actually paying on the websites for really isn't an easy way out at this stage, especially as numerous companies will make the demand they are paid in full within 30 days.

Wage garnishment, court proceedings and daily telephone calls are just some of the things you can get from here on in also it could well be years prior to deciding to manage to clear up all of your debts.

So there you have it, how is it possible? Yes. But is it advisable? That is obviously likely to depend on your ability to keep in check with payments and just how much you really need credit cards after bankruptcy.