After studying data collected by the Consumer Bankruptcy Project, she found that nearly every debtor receives credit offers shortly after bankruptcy. Most offers are for credit cards, however, some are for mortgages and car loans.
As Professor Porter points out in her article, Bankruptcy Profits: The Credit Industry’s Business Model for Postbankruptcy Lending, borrowing after bankruptcy is not only possible after bankruptcy, such activity is actively encouraged by the credit industry. This suggests that threats to refuse credit after bankruptcy are utterly hollow. The credit industry may tell consumers that they will not lend after bankruptcy and that paying the debt is the only option to maintain their credit access, but such statements are largely untrue.