What can debtors do to reestablish 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 reestablish 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 lender’s credit decisions. Other major factors are length of employment and length of residency.
