Question : What will my credit limit be after filing for bankruptcy 8 years ago?
My credit limit on my VISA card before bankruptcy was $6000. I have not had any sort of credit card in since that time or taken out any loans. Can anyone guess as to what my credit limit MIGHT start off at when I reapply for a credit card again?
- asked by FisherZ23
All Answers:
Answer #1
Get your credit score. You can find out online butyou'll have to pay, it's not too expensive and youget your answer right then. Try equifax site.
- answered by rockchick
Answer #2
Try getting one from your bank... they know youbetter and can judge you by how you handle yourbank accounts.They also tend to give you a highercredit limit...Don't expect to get the same creditlimit that was standard 8 years ago. Those timesare over and it is back to the basics where youstart out low and slowly get a higher limit overtime.
- answered by Reena
Answer #3
Here's something to do for starters. Go tobankrate.com's FICO score estimator. It's free,you answer about ten questions and you get aresult of what your FICO score might be. But Ialso agree that the credit limits that credit cardissuers used to give have no relevance to thingsas they are today. So don't feel badly if you geta credit card with a smaller limit than what youused to have 8 years ago. It's not so much thatyou went through bankruptcy as it is that no oneis getting much credit these days, even people whohave been paying their bills diligently everymonth are having their limits cut by lenders. Ifyou can apply for a card and get one prettyeasily, that's better than nothing. Good luck.
- answered by paperdoll198
Answer #4
You went from having the worst type of credit tono credit at all. You will have to reestablishyour credit all over again. That means gettingcredit cards and paying them in full every monthfor years in order to get your credit on the goodside again. When your bankruptcy was discharged,your trustee should have instructed you to startyour credit off right away. Now it will take timeto do it.
- answered by Barb G
Answer #5
I would review a website like
http://diylegalinfo.com/bankruptcy_Links.htmlbefore making any descisions
- answered by Pablo
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