Legal Question in Bankruptcy in New Jersey

Re: bankruptcy

Different companies have different standards regarding their credit policies. Some companies feel that someone who has received a recent bankruptcy discharge represents a better risk because of the fact that they cannot file another immediate bankruptcy. On the other hand, it will continue to appear on your credit report for seven to ten years. You may want to look around for a company that offers a secured credit card. This means you will leave a sum of money in a bank account and then can charge on their card up to the amount in the account. Once the credit company sees that you are repaying their bill on a regular basis, they will slowly start increasing your credit limit. Then you can apply to other banks or companies, showing your recent history. Be careful, however, to only charge the amount that you can expect to pay by the end of the month. This way you will not get back in the trouble that led you into bankruptcy in the first place. Good luck!