Regular Contributor
Guyatthebeach
Posts: 218
Registered: ‎09-04-2012
Re: Why is it so hard to get credit after a BK?!

First thing first, I feel 4 cards are enough period. You are almost three years out of bankruptcy and that is a great thing!!!! If I were you, I would let my accounts age and help increase my score. The second thing I would work on is work with Capital One and Wells Fargo to convert those secured cards into unsecured cards. You have a mix of both, and given the time after your bankruptcy you should be done with secured cards. I would also focus on your credit usage and keep balances on them low if possible at least no more than 30%.  It would be best to keep your credit card balances under 10% but that may not be realistic for everyone.  

 

If you don't mind, what is your interest rate with your NavyFed credit card?