Chapter 7, How to keep CareCredit card?

[shabam]

To others:
I just wanted advice on strategy on how to attempt to keep this CareCredit card that can ONLY be used at the vet so I can ensure that if something happens, I can pay for it, help my Boo Boo, and then pay that card off. So if anyone has advice on strategy for keeping the card, I'd like to hear it. But I really don't want to hear how I shouldn't have a pet if I can't afford it, children are more important, etc. Thanks

To put it frankly, there is no strategy. They either keep it open or they do not. In the majority of cases, they close them.

Once someone is bankrupt, their credit risk changes for the bank, as it means you move into a completely different risk tier. It's a little complicated to explain but it's similar to sub-prime loans. Put simply, someone on the market is usually financing credit debit. If you are of greater risk, such as filing for bk, they may not cover you. As a result, the bank basically drops your account. Now, if you apply for a credit card after being discharged, your new account is opened up using money allocated for high risk customers.