Just a little over a month since my Bankruptcy was official, and I get something in the mail. It was an offer from MasterCard for a new line of credit. Actually, a credit card all ready to go, and all I had to do was call and get it authorized. I couldn't help but laugh. People, come on. Going through all the harassing phone calls every day, why would I ever go back and take a chance on that again? I have a credit card that my Mother got for me, in both our names if I really need one. Just filed bankruptcy and Mastercard was one of the cards I filed on with a $7,500 balance. These people must think I have some kind of mental problem. That was the first one, but I have since received 2 more from 2 different credit card companies saying the same thing.
That's very strange because if my information is correct it is highly illegal for them to do that. Has been for a very long time. [/quote] I couldn't help but laugh. [/quote]I wouldn't laugh too much. Those cards could very well come preloaded with your old debt. If you accept the offer you could end up having reaffirmed your old debt to them. Maybe you wouldn't but lots of people would jump at such an "opportunity" thinking that they can re-establish their credit that way. That or they are hoping you are just plain stupid. Let me take a wild guess. You filed BK on both of those as well? Right or wrong?
It may be that they got their list a while back, too. It may sound like it's ready to go, but I bet in the fine print it says something about being subject to credit approval when you submit the application. Nothing illegal about that, it's done all the time. Or it could be a subprime bank that knows you filed BK. Now you're "safe" because you can't file again for a number of years, so they don't have to worry that you'll file on them. In that case it will come loaded with a lot of fees. You'll get a low limit and so many fees you probably won't even be able to charge a tank of gas without going over the limit (and guess what--more fees!!!). As to why you'd want to do this--most people are actually anxious to reestablish their credit after a bankruptcy.
