So why *do* credit card companies send so many offers to people who have BKed?

[wonderingrov]

The ones that kill me are the auto loan offers. It seems like I get at least one of those a week - and looking through the fine print, if you met all of their qualifications, you wouldn't be in the market for an auto loan. And, quite frankly, looking at the companies offering them - they are companies I wouldn't do business with anyway.

I personally will not be buying any car I can't pay cash for in the foreseeable future. That way, I can pretty much tell the finance companies where they can take their interest rates, loan terms, and loan requirements.

[researchnerd]

BTW...I was discharged 3 years ago and I can count the number of credit card offers I've received on one hand. Not everyone gets inundated with offers.

I've been discharged for >3 months and haven't had a single CC offer, but I opted out of those several years ago so I suspect I won't get many. Cap1 did check my credit a couple of months ago. DH has gotten a few CC offers, though, and they're always good for a laugh They go right in the trash.

[Logan]

we got our first offer for a cc from chase i think a few days after filing ch7, and we getting offers to refinance the cars etc from one of our existing lenders too, how funny is that? the cc offers will go by way of the garbage can. only going to get 1 secured card afterwards, no temptations or anything. only for travel. these scumbag banks are something else...

An offer means nothing. Chase won't give you a credit card if you have a recent BK so it is trash anyways.

BTW...I was discharged 3 years ago and I can count the number of credit card offers I've received on one hand. Not everyone gets inundated with offers.

Logan

[747LUVR]

we got our first offer for a cc from chase i think a few days after filing ch7, and we getting offers to refinance the cars etc from one of our existing lenders too, how funny is that? the cc offers will go by way of the garbage can. only going to get 1 secured card afterwards, no temptations or anything. only for travel. these scumbag banks are something else...

[randian]

What about the ones that send you a 12 month no interest no annual fee offer?

I haven't received any of those yet. All of them wanted substantial annual fees, even the Capital One cards that other posters have said offered them a no-fee card. Still, I'm not ready for a CC yet so it doesn't bother me much.

[lovemybugs10]

I haven't filed bk, and I've got 40k of cc debt that I haven't paid in 2 years. Both my husband and I are getting cc offers. No annual fee and 12 months no interest. I was blown away. Into the trash they went! CC's are evil!

[PHXDWTN]

They also do it because they can charge you exorbitant fees and get away with it. Application fees, membership fees, application fees, monthly fees, annual fees, and ~30% interest are not uncommon, and people fall for it because they think they have to do it to rebuild their credit.

What about the ones that send you a 12 month no interest no annual fee offer?

[researchnerd]

They also do it because they can charge you exorbitant fees and get away with it. Application fees, membership fees, application fees, monthly fees, annual fees, and ~30% interest are not uncommon, and people fall for it because they think they have to do it to rebuild their credit.

[oregonpilot]

Because they are scum-sucking motherless rat bastards with no morals or compassion for humanity and are only out to feed their greed by taking the chance that those of us who have just filed bankruptcy will be stupid and desperate enough to join them in the sand box again.

That's my technical description. LOL

Do you think that Cleveland has the inside scoop on the C C companies??? LOL

[discombob1]

Love it ClevelandMom!

[Toby629]

Because they are scum-sucking motherless rat bastards with no morals or compassion for humanity and are only out to feed their greed by taking the chance that those of us who have just filed bankruptcy will be stupid and desperate enough to join them in the sand box again.

That's my technical description. LOL

Yes, I would say you have a strong opinion on this! Tell us how you really feel! (lol)

[clevelandmom]

Because they are scum-sucking motherless rat bastards with no morals or compassion for humanity and are only out to feed their greed by taking the chance that those of us who have just filed bankruptcy will be stupid and desperate enough to join them in the sand box again.

That's my technical description. LOL

[mom2crazies]

because they are evil.

[df04527]

I have no plans to get one right now, I'm just throwing them out. The auto lenders are, if anything, even more aggressive. They have great names like "Office of 341 Approvals".

Gotta love their creativity.....

[biotechsolution]

yes.....you don't have the 'silver bullet' for another 8 years..........