Ok Now Im Really Confused

Ok so I just got the letter from CapitalOne as to why they didnt approve me, they said it was because, 1)Too Many Delinquent past or present credit obilgations, 2)Banlance owed on delinquent past or present credit obligations is too high, 3)too many installment accounts. I dont get it, for 1 I am just out of my Chpt. 7 I shouldnt have anything delinquent I have paid everything ontime since Ive been discharged, 2 I understand thats the car I have now that may be too high, but I dont get 3 what is too many installment accounts? I only have 2 recent credit cards one of which has not been activated the other has been paid off every month ONTIME except this month and the amount due is $15, and Im sending them $100. I dont know Im even more confused now than I was before. What is the BEST credit monitoring site??? Please someone help!

www.annualcreditreport.com

CMIYC

get your reports and make sure that everything is reporting correctly, as IIB with a zero balance. That could be the problem!

I agree with coma. When I checked my CR shortly after my discharge, there were quite a number of accounts not reported correctly.

If you have 2 CC's that have no balance or a low balance, that may be looked at as having TOO MUCH credit, meaning that you have money to spend or you could easily increase your debt ratio. You may want to consider closing one of the CC's.

Ok I will do that, but will annual credit report give me access for a monthly fee so that I can monitor my scores? And if in fact I do find that balances are not reported fromt the BK what do I do then? Do i tell my lawyer?

Step 1 - Order your annual free credit report from all three credit reporting bureaus http://www.annualcreditreport.com/
Step 2 - Examine the reports for inaccuracies
Step 3 - Send a dispute to the credit reporting agency detailing what is inaccurate, this can be done online, by phone, or in writing.
Step 4 - The credit reporting agency will let you know the results of your disputes. If they changed anything you will get a new free copy of your credit report from them.
Step 5 - If incorrect information came back as verified. Contact the creditor and request that they correct it.
Step 6 - Examine the new credit report you may have gotten and repeat steps 2 to 5.
Once you have exhausted every free report you can get, then sign up for a credit monitoring service such as true credit https://www.truecredit.com/orderOrigination?op=Improve:Right&product=CreditMonitoring&cb=WalMart
Repeat until your credit report is accurate.
You will not get your FICO credit score from either your free credit report or from true credit or other monitoring services. The only real credit scores that matter are FICO scores and those can be purchased from http://www.myfico.com/12/Home.asp

Jolly thanks as soon as I get home Im going to print this out and start on it, ill let everyone know, you guys/gals sure are wonderful Id be so lost if it wasnt for this site!