Credit Card offers to reaffirm debt discharged in bankruptcy

[keepmine]

Just based on your 1 paragraph explanation, I'd think the contact with a consumer and asking for money would violate the permanent injunction that a bk discharge carries.
That being said, I'd hope our members are far too intelligent to fall for something like that. There is no problem getting credit post discharge. No need to reaffirm unsecured debt.

[songbird81]

Isn't that what that American Express Oasis program does? I haven't personally received any info on it, but I'm sure I've read that you can reopen an Amex if you go through Oasis to repay the discharged debt (which seems silly to me).

[325Falcon]

I never want another credit card no matter the terms and I sure as hell would not reafirm a discharged debt to get one.

Who else feels as I do with regards to never having another CC??

[BIGA]

Been getting by fine without one.

I just heard one of the major firms arbitraily jacked up many good customers rates.

[keepmine]

It's permissible for you to contact AMEX about Oasis but, they should not contact the consumer who has a discharged bk and say in return for payment we'll five you another card.

[jp2861]

I never want another credit card no matter the terms and I sure as hell would not reafirm a discharged debt to get one.

Who else feels as I do with regards to never having another CC??

Living without credit is way too difficult in this country. Sooner or later, you'll run into something that will require a credit card or some type of credit. I think it's good to have a credit card or two, whether you use them or not. I plan to get one and use it for all the cash purchases I make monthly, and pay it off each month.

Credit in itself is not a bad thing, nor are credit cards. People start businesses, buy houses, cars, etc with credit.

If nothing else, using credit cards in a smart way, will help us repair our credit ratings. You never know what the future has in store for us, so having good credit is probably a good thing to think about. Credit cards are probably easiest way to rebuild credit. Folks just need to use them wisely and to their advantage.

[FreshLikeADaisy]

325, I'm right there with ya, buddy. There are too many options to a credit card per se available now for me to ever seek another. Even just a debit card. Right now, when I need a cedit card, I use a prepaid gift card. (I'm waiting to switch banks before getting a debit card). It'll be a cold day in hell before I ever get another credit card, not because I can't handle it, but because it's just cost me too damn much over the years for too damn little in return.

And I'll tell you this, too: after 18 years of PERFECT credit, when they jacked up my interest rate to 33% after being late on *my mortgage* and not them, that'll cost them my business for at least the next decade. [long string of expletives deleted ] That, and recessions bring incredibly high interest rates once they get going; anyone remember the late 80's? I have no use for that just so I can wave a card in front of a point of sale machine.

So yeah, I'm with you 100% and then some.

[FreshLikeADaisy]

JP2861, you raise good points. I agree that credit itself is not a bad thing. But the way the credit system is set up right now in this country is just PURE EVIL. So to me, you take your chances. Personally, I think this recession and mortgage/cc debt crisis is simply the market correcting itself, which it is in desperate need of, I think.

Also, to me, this whole "good credit bad credit" thing is entirely illusory. We talk of rebuilding our credit, but it is a game we don't know and one in which the rules and guidelines are purposefully kept from general knowledge. I don't play to lose, and that is a losing game.

Call me biased and you'd be correct but you do have some good points... I just can't agree anymore after what I have experienced.

[jp2861]

JP2861, you raise good points. I agree that credit itself is not a bad thing. But the way the credit system is set up right now in this country is just PURE EVIL. So to me, you take your chances. Personally, I think this recession and mortgage/cc debt crisis is simply the market correcting itself, which it is in desperate need of, I think.

Also, to me, this whole "good credit bad credit" thing is entirely illusory. We talk of rebuilding our credit, but it is a game we don't know and one in which the rules and guidelines are purposefully kept from general knowledge. I don't play to lose, and that is a losing game.

Call me biased and you'd be correct but you do have some good points... I just can't agree anymore after what I have experienced.

Some day when you need a loan you'll be glad you raised your scores and got the rating back up. If nothing else, a decent rating will save you money in the long run, with lower interest rates. If you can guarantee that you'll never need or apply for credit in the future, or that your credit rating will never come into play for any transaction, then you're absolutely correct, it means nothing.

[TroubleinCalif]

Some day when you need a loan you'll be glad you raised your scores and got the rating back up. If nothing else, a decent rating will save you money in the long run, with lower interest rates. If you can guarantee that you'll never need or apply for credit in the future, or that your credit rating will never come into play for any transaction, then you're absolutely correct, it means nothing.

Probably depends on how old you are and what stuff you want. I'm with some of the above, If i dont have the money for it, Then i dont need it. You guy's should watch an internet movie called Zietgiest, Here is a link:


Mature Audience Only! Sesative material!

http://video.google.com/videoplay?docid=5547481422995115331

Eye opener on how this country's banking system works and why your always supposed to be in debt......

Smaller version is on youtube, Parts 1-5..........

[sisterfunkhaus]

I never want another credit card no matter the terms and I sure as hell would not reafirm a discharged debt to get one.

Who else feels as I do with regards to never having another CC??

MEEEEEEEEEEEEEEEEE!!! I hate those dad gum things. My DH was talking about getting one later down the road to make purchases off of to rebuild credit, and I am like NO WAY!!!! I have student loans and a car payment that will help me. I don't want a cc to rebuild credit.