I just found this site today and I have found a lot of VERY helpful information. I couldn't find another post about my question, so here it goes. Has anybody else recieved a new unsecured credit card before their discharge? I had my 341 meeting a few weeks back and everything is supposed to be discharged on 9/25. Last week I recieved a pre-approved offer from Capitol One for a platinum master card. I figured what the hell, I will do the online application and see what happens. I was approved for $2000.00 unsecured. Is this normal? I have already recieved and activated the card. I haven't used it yet, this is for emergencies only. I was just curious if this was normal or somehow I got approved on a fluke.
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To err is human. To really mess things up, you need a computer. -
Technically, it can be dangerous to take on new Credit before your BK is discharged. It could even result in getting your BK tossed.
But, having said that,.......... Others here have done the same thing in order to jump start rebuilding. I'd suggest, the smart move would be to tuck that card away for now. Don't use it until after your BK is discharged.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen... -
Thanks for the advice!!! I have a big probelm getting my attorney to return my phone calls, so I did not know if there was a legal issue with obtaining a new card. I will definately put it away for now.To err is human. To really mess things up, you need a computer.Comment
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That is correct. Many have done it, including myself, but it is definately against the rules.Originally posted by SinkingFastComment
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