When you file for bankruptcy, you may have concerns about your credit. Your credit score takes a hit, and the bankruptcy will be on your credit report for several years. So is it a good idea – or even possible – to apply for a credit card after bankruptcy?
One of your main concerns about filing for bankruptcy may be who will find out. You may want to keep this decision as private as possible, which is understandable. Who wants everyone to find out about their personal financial situation?
In the past, bankruptcy was a taboo topic; however, as of late it is becoming a recognized tool for many people looking for a fresh financial start.