Can you have a reaffirmation agreement with a credit card company?
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Can you have a reaffirmation agreement with a credit card company?
I have a credit card that I use for vet’s visits for my dog and I don’t want to lose the card if I file bankruptcy. Is there a legal way to keep that one particular card?
Asked on May 24, 2012 under Bankruptcy Law, Oregon
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
You can reaffirm the debt with that creditor. On your bankruptcy schedules (forms), you state which debts you intend to reaffirm.
At the meeting of creditors after you file bankruptcy, creditors might offer to reaffirm debt. You don't have to accept that. Those offers to reaffirm debts are usually on better terms than your current payments.
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