Sort of disappointed

[brokejoke]

Well, I've just been declined for a Hooters card, a Capital One card and was only offered a secured card with orchard after trying about 10 times. I don't get it. It's been a year since my filing, I haven't attempted to get any credit until now, and I had 10 years of great credit with no late payments reported on anything up until the month before I filed chapter 7. I went into bk with nearly a 700 FICO and I've checked all 3 bureaus for inaccuracies. Equifax shows me to have a 681 but I don't know about the other 2. I just wanted to get a card to get gas once a month or something to start showing some credit because my credit union says they can't loan me any money for anything until I have some credit established again. Now what?

[Amy26]

Have you gotten the denial letters yet? What do the reasons site?

[frogger]

What's the big hurry to get back into debt again?

[readytofile]

Maybe because your report shows you've got quite a few inquiries? Do you have anything secured that you're still making payments on?

[brokejoke]

Got letter from cap 1 stating that I had too many delinquent accounts. They were the first I tried. No hurry to get into debt but I am probably about to be laid off soon and figured it would be best to apply while I am still at the same job that I've had for nearly 2 years. Nothing secured that I'm making any payments on either.

[readytofile]

Got letter from cap 1 stating that I had too many delinquent accounts. They were the first I tried. No hurry to get into debt but I am probably about to be laid off soon and figured it would be best to apply while I am still at the same job that I've had for nearly 2 years. Nothing secured that I'm making any payments on either.

Have you checked to make sure that all of your old debt is listed as IIB? I'm sure not having anything to make payments on probably doesn't help either

[brokejoke]

Everything shows iib or either closed by consumer- no charge offs. Funny thing is that the credit card that we had the highest balance on doesn't show up at all on mine or my wife's 3 reports.

[JSFleischman]

I'd recommend taking a few steps away from the plastic. Debt got you into trouble once, and without a financial safety net not many of us are far from trouble again.

I gave up my credit cards in 2001 because I'd been counseling my clients that they didn't need a card to live their lives. Since then, I have lived solely on a debit card.

Credit scoring is a way of showing how well you pay debt, not the measure of your value as a person. Concentrate on building up a financial reserve. Once you've got 6 months worth of living expenses, you can think about a small credit card.

[Intoodeep80]

You are probably one of those rare cases where you will have to get a secured credit card first. Then try again in 6 months for unsecured.

Prospective new creditors need new payment histories and to see that somebody else finds you creditworthy. Start off with your local credit union for a secured card, they usually have the lowest fees and after 6-12 months, they will convert it to a secured card.

Good Luck and sorry to hear about your set backs We're all there together...hang in there.