Several credit card companies will give a recently-bankrupted person a $300 limit on an unsecured, but high-fee, credit card.
It’s actually a good way to re-establish yourself. The companies charge such high fees to start with, they figure they have little to lose issuing the card. Besides that, a person can’t file bankruptcy again for 7 years, so they can’t walk away that easily.
In most cases where a card is required to rent a vehicle I use my Debit card.
I looked at the rates from Visa and Mastercard and nearly fell over.
Congress needs to do something about the high fees and interest rates Creditors are charging.