SCAM ALERT: You've Been Selected For Credit Rehabilitation Program
Debt buyers and debt collectors will tell you the only way you can rebuild your credit is to move the balance due and owing a debt previously discharged in your bankruptcy case to their NEW CREDIT CARD. The letters are enticing you by convincing you that this is a great opportunity to rehabilitate your credit and clean up your credit report which is absolutely FALSE.
What they're attempting to do is take a debt that has been legally discharged in your bankruptcy 
case and reinstate that debt on a new credit card. They do this by telling you, "Your qualified for our credit rehabilitation program! Just sign up for our new credit card and we will give you an additional credit line of $500.00 above what you owe on this other debt." What they're doing is what we call a Back door reaffirmation agreement attempt to reinstate a debt they cannot legally collect.
Over at Credit Slips, article entitled, “How Much Do You Want For That Discharged Debt?” They explain that your bankruptcy discharge permanently prevents any creditor from collecting debts that were discharged in your bankruptcy case through the Discharge Injunction. You would think that your discharged debt no longer has any value to the debt buyers and third party debt collectors. If this is true, then why do they gobble up and keep buying that discharged debt? It’s all in the purchasing agreement for the debts themselves.
The value of your discharged debt increases when the original creditor is prevented from updating or changing the way in which the original debt was reported to the credit bureaus at the time the debt was purchased. For example, say you had a credit card with Snears and you owed $3,000.00 at the time you filed your bankruptcy case. Snears reports that debt as "charged off" to the credit bureaus and then sells that debt to a third party debt buyer like recast. In the agreement between Snears and recast, Snears agrees that they will be locked out from changing how they reported that debt to the credit bureaus.
These scams are illegal attempts to collect debts that violate many federal and state laws, even if you haven't filed for bankruptcy or received a discharge. These are unfair and deceptive tactics that also Violate the Discharge Order that is a permanent injunction from any attempts to collect discharged debts FOREVER.
