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Chapter 13 and applying for new credit cards

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    #16
    Originally posted by krielly View Post
    I guess my point being the fact that this would be a "secured" credit card, which means they would have no more credit than what they had deposited with the CC company to secure it.

    If the OP has enough deposited to cover the limit you need for "hold funds" with the car rental/hotel, they should be able to cover that same amount to back their debit card..............

    K
    I still agree with this. If you have $1000 to open a secured card then put the $1000 in to your checking account and consider $1k to be your new minimum balance. There is $1k worth of holds which you don't have to worry about.
    Filed CH13 - 06/2009
    Confirmed - 01/2010

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