When can I apply for credit again after a personal financial setback?

Generally, a financial setback remains on your credit report for 10 years.
The decision whether to grant you credit in the future is strictly up to the lender. There’s no regulation that prevents anyone from extending credit to you immediately after your financial setback. Many individuals receive extensions of credit right after their unsecured debts are discharged through their recovery process. The reality is that this fresh start can allow you to begin rebuilding your credit score right away.