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credit card and bankruptcy question?
so i had a discover card that had no balance due during bankruptcy because i paid it off. So i just realized it was still active. If i start using it again and pay it off and everything will i earn credit it on it since it was not apart of the actual bankruptcy? Or should i stop using it and then try and get another one?
no the account is open and it does not say included. I have been using it for about 8 months or so now.
9 Answers
- Dixie Darlin'Lv 71 decade agoFavorite Answer
Even if the card did not have a balance, then it should have been reported on the bk.
Pull your free credit report at http://annualcreditreport.com,/ free once a year from all three major bureaus.
If the discover account says "included in bk", you will not be allowed to use the card.
Most likely, discover has found out about the BK (creditors do soft pulls on your credit report periodically to check your payment history) and the account is closed.
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On additional details, if the credit card is reporting the account as current with the payments (8 months) then yes it help to rebuild your credit score.
Just do not get to used to having the card, once discover finds out about the BK they will close the account and demand payment in full on the account.
- Anonymous7 years ago
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RE Credit card and bankruptcy question?
so i had a discover card that had no balance due during bankruptcy because i paid it off. So i just realized it was still active. If i start using it again and pay it off and everything will i earn credit it on it since it was not apart of the actual bankruptcy? Or should i stop using it and then try and get another one?
- Anonymous7 years ago
You can find the best solution for you at: HTTP://HELP.SMARTFINANCESOLUTIONS.NET
RE Credit card and bankruptcy question?
so i had a discover card that had no balance due during bankruptcy because i paid it off. So i just realized it was still active. If i start using it again and pay it off and everything will i earn credit it on it since it was not apart of the actual bankruptcy? Or should i stop using it and then try and get another one?
- Jeff TLv 61 decade ago
Trying to build up your credit by using a credit card after a bankruptcy, is like trying to stop global warming by taking a bag of ice and letting it sit out in the back yard.
Sure it'll help, but it'll do so little that you're wasting your time.
Close the account, and join the debt-free lifestyle.
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- 1 decade ago
"Even if the card did not have a balance, then it should have been reported on the bk."
This is not true. You don't have to list cards that have a zero balance on your bankruptcy petition.
You can use the card but beware, Discover may cancel it at any time without notice. Read your card agreement, I guarantee it says that you are in default in you file for bankruptcy (even if you did not include Discover in your petition).
Source(s): personal experience - 1 decade ago
Go ahead and use it. Just be responsible with it. You should get credit for it. But once you start using it and they see that you just filed bankruptcy then they may lower your account to $100 or even close it on you.
- Anonymous7 years ago
I am sure you will find this site very useful: http://www.immediateloan.net/
RE:Credit card and bankruptcy question?
