Regular Contributor
Posts: 240
Registered: ‎08-13-2011
Re: Why is it so hard to get credit after a BK?!

Totally agree with what everyone has said....your focus now should be letting your cards age, and smartly utilizing the cards in your arsenal to get your credit score as high as possible. It is key to keep your balance under 10% and if you can manage the strategy a lot of people have advised by only letting one of your cards report a balance between 2% and 9% while the rest never report a balance in a few months your credit score will only continue to go upwards. I too am in a similar situation and have gained over 100 points since I started following the advice of people on this forum. 


Starting Score: 500s
Current Score: EQ: 693myFICO(9/7/12), TU: 710myFICO(9/2/12), EX Plus:701(lp,4/16/12)
Goal Score: 700

Wallet: Discover IT $2000, Capital One Platinum $12000, Barclays Rewards $4700, Walmart $2600, Amazon Store Card $1250.
Keep the Hearth of your Thoughts Pure, by so doing you will be Happy and bring Peace!