Tag Archives: secured credit card

Bankruptcy and New Credit
By Bankruptcy Ontario Trustee
12 May 2017 | Category: Bankruptcy FAQ | Leave a comment
bankrutpcy-and-new-credit-2

There are two common misconceptions about filing bankruptcy: If you file bankruptcy, you will never get credit again. If you file bankruptcy, you have to wait seven years before applying for new credit. Both of these statements are not true. It is possible to qualify for new credit following a…

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Can Declaring Bankruptcy Repair My Credit Score?
By Sandra Sykora, Trustee
13 Mar 2015 | Category: Bankruptcy FAQ | Leave a comment
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Yes it can!  Once you have completed all of your bankruptcy duties you will be discharged or relieved from your debts and can start to rebuild your credit.  As you rebuild, your credit score will improve and that fresh start that you were seeking can begin. During a bankruptcy your credit…

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Credit Card after bankruptcy in Ontario
By Bankruptcy Ontario Trustee
04 Jun 2012 | Category: Bankruptcy in Ontario | Leave a comment
credit card after bankruptcy

Question: I was told by a bank manager that I had to wait 3 to 5 years to get a credit card, yet my bankruptcy agent tells me to get a credit card ASAP prior to being discharged to start repairing my credit. When can I get one, and is…

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