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Creditors are rejecting me even after 9 years of filing bankruptcy

Submitted by RickStaines on Tue, 04/17/2018 - 21:17
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Filed Chapter 7 bankruptcy in 2009. Brought my utilization ratio to 60%, and bought a car recently. My current credit score is 670.

I have been applying for credit cards since the last 1 year. But all the credit card companies are rejecting me. Friends are saying credit cards are thinking I will file bankruptcy soon. Have anyone experienced something like this?


This is probably happening because of your high utilization ratio. Reduce your overall utilization ratio. I think this may help you qualify for a credit card.


Submitted by SC on Wed, 04/18/2018 - 00:27

SC

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Your high credit utilization ratio is creating the issue. You need to pay down your debts first to lower your credit utilization rate. After paying off the cards, don't close the accounts; keep them open. You can also ask for a credit limit increase.


Submitted by Barbara Delinsky on Fri, 04/20/2018 - 00:27

Barbara Delinsky

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Try to show that you can handle debts efficiently. If required, try for a secured credit card or a department store card and manage it well. It will help you have positive things on your credit report.


Submitted by Mabelle Page on Fri, 04/20/2018 - 06:42

Mabelle Page

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