What can debtors do to re-establish their credit after filing bankruptcy?
In some jurisdictions there may be debtor education programs offered in connection with chapter 13 cases that can help debtors re-establish credit. Where such programs are not available, debtors may be able to obtain a “secured” credit card, which requires that the debtor deposit funds with the credit card issuer. This provides the opportunity to show responsible use of credit, which is a major factor in any issuer’s credit decisions. (Other major factors are length of employment and length of residency.
