Ronny g
North hollywood,#2Consumer Comment
Wed, January 13, 2010
Everything you stated is true...
You ask "how do they get away with it?"
Answer: Because they can. As you stated..the "scumbaggery" is abusive and they are crooks in a sense..perhaps not in the eyes of the law, but in the pockets of those unfortunate enough to have no other choice after a bankruptcy.
Unfortunately after a bankruptcy your credit report is shot. So it is difficult, but possible as you did to still find a bank that will give you an unsecured card. As lousy as the terms on your card are..there are even worse ones out there.
The only suggestion I can make based on experience with others I know who have filed bankruptcy, is to use the card and do not make ANY late payments..and in a few years your credit may be golden again.
A friend of mine filed years ago after a divorce..they lost their condo as well..and the car..you name it. Two years later his credit was back in the 800's by doing exactly as I suggested. Now he gets the better cards and terms..but learned his lesson..which is do not get marred to a nut job.