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Secured Credit Cards and Bankruptcy


Secured credit cards are a type of credit card that requires an upfront deposit to use. The amount of the deposit is usually equal to the amount of the credit limit or somewhat less. When used responsibly, secured cards can be a good option for individuals who might not qualify for traditional unsecured cards due to poor credit history or limited income. However, many people don't know that filing for bankruptcy can also impact their ability to get a secured card later on down the line.


When someone files for Chapter 7 or Chapter 13 bankruptcy protection, it will remain on their record for up to 7 and 10 years respectively. During this period, most traditional lenders view bankruptcies as major red flags and may not approve applications from those with such records. This includes applications for secured cards as well.




The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at the 12738 Ramona Blvd Baldwin Park CA 91706







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