subject: Credit Cards Post Bankruptcy [print this page] Credit Cards Post Bankruptcy Credit Cards Post Bankruptcy
Being able to overcome a personal bankruptcy means permanently adopting a new mindset about how to properly use credit. Pennsylvania bankruptcy services can help teach and instill an entirely new philosophy about the use and principles of credit. Scheduling an appointment to explore all of the many Pennsylvania bankruptcy services that may be available to you is a significant first step. If you do not know of a good company that offers valuable post Pennsylvania bankruptcy services then scan though your local yellow pages or ask your bankruptcy attorney for a referral. When jumping back into the credit card market, you want to make sure that you are reading the small print of your credit card terms and agreement. In the fine print, you may find things like your interest rate will increase significantly if you are even one day late on your payment. Most of the time, this affects any promotional or introductory rates that you have been offered. These relatively lower rates usually last anywhere from six to nine months and sometimes longer. Most people use them to consolidate debt to transfer balances from one credit card to another. There are even fees tacked onto the balance transfer, usually it is a percentage, sometimes about two, of the total amount that you want to transfer. Some credit card companies might cap that amount at $100 or $200 but other credit card companies place no cap on the fee at all and you could easily end up paying upwards of $500 just to transfer a balance. After calculating in the fee, you may not even save enough to justify doing the balance transfer in the first place. Some people do not view it that way and constantly transfer their balances around just for the sake of getting the lower introductory interest rate. In order to be successful at the balance transfer game, the fees must be entered into the equation.
