Many residents in the state of Pennsylvania who recently filed for a Pennsylvania bankruptcy have felt first hand just how arduous the entire process can be. Those who sought a Pennsylvania bankruptcy know that the aftermath of recovery can be a steep uphill climb but it is far from impossible to recover from a Pennsylvania bankruptcy. After your bankruptcy is discharged, you will want to ease your way back into the credit card market then you will want to learn just how they work. You will discover a variety of tactics that credit card companies employ in order to make money off of you. They may offer you a payment holiday that allows you to 'skip' your monthly payment because, in their eyes, you have managed your account in such an ideal manner. So while you may not have to make a payment that month, interest charges will continue to accrue daily. You definitely want to take that fact into consideration when determining if a payment holiday is worth it for you. Sometimes payment holidays will do more harm than good. Always pay special attention to the fine print so that you know exactly what you are getting into. You may have to pay a cost just to enjoy the payment holiday. If you have already set that money aside in your budget then there is no need to take advantage of a payment holiday simply because it is in front of you. That is like eating a full course meal just because you see it even if you are not hungry. That is pointless. Payment holidays may actually come in handy to you if you coincidentally happen to be in the middle of an emergency. Either way you should evaluate all of the facts together before making your final financial decision.