If you have found yourself in a tough financial situation and are considering filing for bankruptcy, then you are most likely thinking about what this means for your ability to get credit in the future. When you are in debt, bankruptcy should be the option of last resort. When you file for bankruptcy, this seriously damages your credit. This does not, however mean that you will never get a second chance at credit – you should consult with a professional to learn more about the options available to you, but the important thing to know is that there is credit after bankruptcy; the door is not closed to you forever.There are companies which will allow you to open lines of credit, even after filing for bankruptcy; they know that you need it and they also know that filing for bankruptcy again is not an option for you in the event that you default – they thus have a good chance of getting their money back. They are also aware that you are a risk, meaning that credit after bankruptcy will almost invariably come with a higher interest rate attached.You might be a little surprised to learn this, but some companies will be willing to extend credit to you even if you have defaulted on them in the past. Your debt will be discharged after you file and will then no longer be on their books. Many financial services companies are so large that thy do not track old debts that have been written off; meaning that you may have the opportunity to get credit from them – at a higher cost, naturally.Be cautious about using credit after bankruptcy. After all, you filed for bankruptcy in the first place because your credit was bad and you were having trouble paying your debts. You may not be appreciably better of financially after filing then you were before, so if you are not judicious in the use of any credit extended to you after bankruptcy, you may find yourself in a deeper hole than the one you have just emerged from – above all, be careful with credit after bankruptcy.You really are not doing yourself any favors by filing for bankruptcy and then immediately putting yourself back into a bad position financially. Before you apply for credit after bankruptcy, make sure that you are in a better place than before in fiscal terms and make sure that you’ll be able to repay any debts you incur. Seek advice on spending, budgeting and saving money. When seeking credit after bankruptcy, consumer credit counseling may be a good idea.