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Technically, you can begin getting credit cards as quickly as your insolvency is released. That typically takes around 3 months from the filing date for Chapter 7 bankruptcies. Chapter 13 insolvencies take longer because they involve payment plans that can take anywhere from three to 5 years to complete.

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"The huge majority of the offers are awful offers with predatory rates of interest," Slayton says. "I counsel my clients to toss them in the garbage." If you're not getting pre-approved offers or getting refused from a credit card company after personal bankruptcy, examine your credit report. Don Petersen, a consumer lawyer with the Law Workplace of Donald E.

It is highly likely that a charge card company will inspect your credit history before approving you. Petersen states: "If you received a discharge under a Chapter 13 payment plan, you're typically able to restore credit soon after receiving your discharge." "If you declared secured financial obligations such as a vehicle loan or home mortgage, you can restore your credit much quicker than somebody who did not declare such debts," Petersen states.

However that doesn't constantly happen. "Many creditors offer released debts and continue to leave balances, consisting of charge off quantities and overdue balances, on a customer's credit report," Petersen says. Evaluation your credit report to be safe Around 60 to 90 days after receiving your Order of Personal bankruptcy Discharge confirming you are no longer accountable for repaying the debts that were discharged in your bankruptcy case, order a copy of your credit report from Evaluation the reports to make sure that the balance on all discharged debts is zero.

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The FTC has a sample letter for challenging mistakes on your credit report that can help. You may desire to send a copy of the conflict letter to the lender who is reporting incorrect details as well as the credit reporting agency. The credit reporting agency then has 30 days to examine the products in concern.

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They'll also send you a totally free copy of your credit report if the disagreement leads to a modification to your file. Even if you checked your credit report a couple months after insolvency, Petersen advises continuing to monitor it. Inaccurate details can come back often even years after the personal bankruptcy court discharged the financial obligation.