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Debt Consolidation Forums Bankruptcy Chapter 7 and Chapter 13 forums

Creditors are rejecting me even after 9 years of filing bankruptcy

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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.

Sub: #1 posted on Wed, 04/18/2018 - 00:27

(Posts: 3937 | Credits: )

Reduce spending and try to make the monthly payments on time. Don't miss a single payment.

Sub: #2 posted on Thu, 04/19/2018 - 03:46

sanderspatricia29 sanderspatricia29

(Posts: 1234 | Credits: )

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.

Sub: #3 posted on Fri, 04/20/2018 - 00:27

Barbara Delinsky Barbara Delinsky

(Posts: 432 | Credits: )

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.

Sub: #4 posted on Fri, 04/20/2018 - 06:42

Mabelle Page Mabelle Page

(Posts: 265 | Credits: )

Take out a secured credit card, and build a good credit history of a year or so... and you will be good to go!

Sub: #5 posted on Tue, 04/24/2018 - 06:54

Phil Bradford Phil Bradford

(Posts: 166 | Credits: )

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