by Dr. Boyce Watkins
Going bankrupt can be one of the most devastating experiences that someone can endure. For symbolic reasons, it can be seen as a financial death, where you’re throwing in the towel and admitting that you are in over your head. For others, it can be like a financial cleansing, where you’re simply taking all of your financial obligations and getting rid of the struggles that may lie ahead.
Lynette Khalfani-Cox is one of the most respected names in African American finance. I’ve followed Lynette’s career for years, and I’ve been impressed with her dedication to her craft. In the video below, Lynette talks about the nuts and bolts of getting a credit card after filing for bankruptcy. It can be tough to get back on your feet after bankruptcy, but where you’re going matters far more than where you’ve been.
Lynette reads a letter she received from someone who filed bankruptcy in the past. The question is a complex one where the man wants to use his mother’s credit to help him recover from his own mistakes. This video may relate to many of us who’ve had to find a way to make a way when the credit score wasn’t what we hoped that it would be.
Watch the video below: