The Truth About Credit After Bankruptcy

This article raises the question "Is there life after debt?"

Forget the answer for a minute, and answer me this: How sad it that people have to ask the question?

There are few things that can make you feel as desperate as being hopelessly in debt, but there are solutions to debt trouble and you can have a life after debt, and certainly after fiilng bankruptcy.

People don't realize that the credit industry makes money by lending money. If they don't lend money, they don't make money. It's just that simple. Most people that file bankrutpcy are shocked to find the credit card offers flooding their mailboxes after their discharges arrive. This is a part of bankrutpcy that the credit industry wants to hide.

They have to hide it. Why? If everyone knew about the credit card offers that following filing bankruptcy, it would make filing bankruptcy that much easier!

Think I'm kidding? Why did they change the new bankruptcy law to increase the time between bankruptcy filings? Did you read that correctly? BETWEEN FILINGS!

That's right, the time between filings has increased to eight years (for chapter 7) because the credit card industry wants you to give you credit after you file and then have extra time to chase you around before the next time you file!


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