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Posted in Bankruptcy
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Question By
altimasv

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0 People Helped
credit card vs bankruptcy
The bankruptcy has been cleared from my credit records...it was over 11 years ago. But, I still keep getting denials from major credit cards with 0% interest because of the bankruptcy. Why? What can I do?

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Top Contributor
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What have you done to rebuild since? Unless you have had long standing revolving credit with substantial limits, low utilization and all positive reporting, odds are you won't be able to touch a 0% interest card. Regardless of where your scores are post BK, you have to show excellent, long term history with zero negatives on account to even be considered. What are the reasons they're giving for denial? The answer lies there. If it's as noted above, start with a mid level card, take a year or two to build history and try again. If it's not as I've mentioned, you may need to provide a bit more info so someone can try to help. 

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I hope you have read the articles here so you could learn how to rebuild your credit.  When you filed the bankruptcy, your credit score tanked. Likely you will have to start with a secured card and rebuild your credit before you can get a 0% card and, BTW, the 0% is for a specified period such as 12 months, then the regular rate (sometimes 14%) applies.

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Did you happen to apply those cards that the issuers was included in your BK?.

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