One reason people are afraid to file Bankruptcy

I often hear people are afraid they will never receive a credit card again.  I recall reading study years back that said people who have filed Bankruptcy get 27% more credit card offers than those who have not. I am not promoting filing Bankruptcy for this reason, but I do use it as a tool when explaining to clients that when they become debt free through a Bankruptcy, this is one of the factors creditors look at before extending credit.

Sherry Ellis Law, PLLC
Share
This