How long after bankruptcy will it take before I can get a credit card with at least a $2,000 limit?
Posted in Credit on 02/09/2009 07:21 pm by admin
Zachary asked:
I filed bankruptcy in April of 2006 and it was discharged that August– My score has gone from the low 400s to the high 500s, and will flirt with the low 600s. I’ve been trying to reestablish my credit with about 5 credit card, but they all have LOW limits, which is hurting me (although having the multiple cards open is what has increased my score). I can’t get my score any higher because my limits are so low, which is showing that creditors aren’t willing to trust me. I have paid EVERY account I have on-time for more than a year and half (although for some reason my credit report still says I’m deliquent, and I can’t figure out why it says that). I need to get a card with a decent limit so that I can close these accounts that charge $150-175 for annual fees, not to mention show that I can be trusted with credit. Where or WHO can I go to to issue me a card with a decent limit– OR how long will it take before regular creditors will finally look at my applications & approve it?
FEDERICO
I filed bankruptcy in April of 2006 and it was discharged that August– My score has gone from the low 400s to the high 500s, and will flirt with the low 600s. I’ve been trying to reestablish my credit with about 5 credit card, but they all have LOW limits, which is hurting me (although having the multiple cards open is what has increased my score). I can’t get my score any higher because my limits are so low, which is showing that creditors aren’t willing to trust me. I have paid EVERY account I have on-time for more than a year and half (although for some reason my credit report still says I’m deliquent, and I can’t figure out why it says that). I need to get a card with a decent limit so that I can close these accounts that charge $150-175 for annual fees, not to mention show that I can be trusted with credit. Where or WHO can I go to to issue me a card with a decent limit– OR how long will it take before regular creditors will finally look at my applications & approve it?
FEDERICO