Nothing But Denials

[Sassy_Taurus]

I just don't get it. It's now been two years since my bankruptcy. I closed on my 1st house in April and went on an app spree. The only one that approved me was Cap1 for their silver card $500 cl. Target, lowes, Home Depot, Barclay discover, Walmart all denied me. I guess I'll never get a decent credit card.

[baller4life]

That's not true. You will have great cards. But it takes time to build up to that. How long have you had your Cap One? Have you looked at joining a CU? They are a great way to rebuild after bk. What are your Fico scores?

[baller4life]

Here is a great guide for rebuilding after bk:

http://ficoforums.myfico.com/t5/Bankruptcy/HOW-TO-From-BK7-discharge-to-700-in-24-months-or-less/td-...

Alot of great threads in the BK section. Members dealing with your same issues and how they are overcoming them.

[Sassy_Taurus]

Before the mortgage app I had a cap1 secured card and a card by total card. I don't know what my current scores are(I canceled credit monitoring after I closed). When I closed the below were my scores

Reg scores
587-Equifax
591-Trans
628-Experian

Mortgage scores
615-Equifax
644-Trans
661-Experian

[Sassy_Taurus]

Thank you baller4life. I will go hangout over there.

[Anonymous]

My bk is just over 2 years since discharge.  I had a family member add me onto a couple of cards right away to start my rebuild.  I opened a Merrick Bank card and a Barclay Rewards card after receiving pre-approval letters.  The Barclay card I was able to PC into the Arrival which I currentlly use religiously for all of my work travel.  That card has grown from $1,800 to $9,800 through auto clis every 6 months.  I later added a Capital One, which is now my highest limit at $10k.  I recently added Discover and the Costco Citi.  Through the whole process I kept my auto loan and have since traded those vehicles in and obtained new loans with better terms.  I was able to get a few store cards using the shoppping cart trick which saved me some inquiries.  I rarely use these, but they have decent limits which helped my utilization.  The process is slow, but there is light at the end of the tunnel.

[Pway]

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@Anonymous wrote:

My bk is just over 2 years since discharge.  I had a family member add me onto a couple of cards right away to start my rebuild.  I opened a Merrick Bank card and a Barclay Rewards card after receiving pre-approval letters.  The Barclay card I was able to PC into the Arrival which I currentlly use religiously for all of my work travel.  That card has grown from $1,800 to $9,800 through auto clis every 6 months.  I later added a Capital One, which is now my highest limit at $10k.  I recently added Discover and the Costco Citi.  Through the whole process I kept my auto loan and have since traded those vehicles in and obtained new loans with better terms.  I was able to get a few store cards using the shoppping cart trick which saved me some inquiries.  I rarely use these, but they have decent limits which helped my utilization.  The process is slow, but there is light at the end of the tunnel.

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Intersting data point, you was approved for the Citi Costco card two years post bk.

[Anonymous]

I didn't include Citi in my bk.  I had a Best Buy card that was included, althought it was picked up by Citi from other lenders.  I did pay off this small balance not long after my bk.  I wasn't expecting to be approved, however, my profile has improved significantly since my bk and I was pleasantly surprised.

[Anonymous]

I'm not trying to sound rude but you really don't get it? or are you frustrated and just saying that? Bankruptcy is probably the worst thing you can do credit wise. You have to look at from the lenders perspective. I doubt you would be jumping up and down looking to loan out money to people with bankruptcies and the lenders aren't real comfortable with doing that either. A bankruptcy is a serious issue and it will take time for the impact of it to go away. 2 years isn't a long time at all. Just hang in there, pay everything on time, NEVER let anything be late, and be patient. This will all get better but it will take time. Get secured cards if you have to. This way you can have something to show later on down the line that you are responsible.

[Sassy_Taurus]

I'm aware of the impact that filing a bankruptcy has on a persons credit. When I say I don't get it I simply mean that I can get approved for thousands of dollars for a loan but declined for a credit card. Kind of just makes me scratch my head. But anywho I'll wait til next year this time and try again.