Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Bankruptcy
Profile Image

Question By
kiznick

0 Contributions
0 People Helped
Post Bankruptcy Inaccuracies
I did a bankruptcy last year (Ch 7). Since then the only debts I have each month are paid in full including my utilities, rent, cell phone, and tv. I have one credit card that I've made multiple payments on each month. I keep finding that I'm pre approved and then denied for some reason when I apply for any credit. I've also noticed that Credit Karma is presenting me with information that is way outdated, and I check my credit reports they are fine. Something is happening in the credit approval/disapproval process that is making me think that they are getting way out dated information. This is getting so frustrating. I've informed each credit bureau where things are wrong, but even with all of that there should be zero reasons for Credit Karma to say (for example) that I have a bunch of derogatory remarks, or that I have any missed payments on...wth?!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7353 Contributions
3808 People Helped

Nothing is wrong. It's your history.

Helpful to 0 out of 1 people

You filed a bankruptcy because you couldn't get the bills paid and you were over your head in debt.  But those debts are some you had taken on and the credit was granted in good faith.  When you filked a bankruptcy, they didn't get the money they loaned you (and that is really what credit is--a loan) and they weren't going to get it.  So they are not going to write good things on your credit report. They are going to put that you missed payments, were consistently late, whatever happened.

This is part of your credit history and the federal regulation known as the Fair Credit Reporting Act requires that this information be posted on your credit report for at least 7 years.  The bankruptcy will stay for 10 years.  There is nothing that can be done to change what is there.

You can improve your credit from now on by being consistent in making all payments on all accounts and making sure to keep your debt within a realistic level, paying off debts as quickly as possible. Only you can really control your spending.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.