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Worried about getting a credit card after filing bankruptcy? (Los Angeles bankruptcy attorney David Lozano is here to alleviate your worries!)

I want to clear up the misunderstanding that many people have concerning credit cards. The common impression is that you won’t be able to get a credit card once you file bankruptcy. This is a myth! Credit card offers are going to come to you a week or two after you file bankruptcy–by way of your mailbox!

Of course, the first to arrive might not be your best bet. These companies’ cards tend to come with costly fees and cleverly disguised pitfalls. The good news is that once you’ve started to rebuild your credit, more favorable offers will begin to filter in–ones without fees or hidden drawbacks.

Perhaps another thought has crossed your mind, though. If you’ve just filed bankruptcy, why would you want to get a credit card and risk credit card debt all over again? My rule of thumb is  to use your new credit card strictly for emergencies and as a tool to rebuild your credit. If an emergency crops up and you’re without cash, a credit card will get you through the situation.

As for the second part of my rule of thumb. Using your credit card in a responsible and managed way can work out in your favor! As long as you make all your payments on time and in full, you can take an active part in rebuilding your credit!

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