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Re: Re-establishing credit

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Posted by pctpuzzle ( on November 11, 2002 at 15:40:47:

In Reply to: Re: Re-establishing credit posted by Cristine on November 11, 2002 at 15:15:20:

YOu may have too much debt or open credit available. Especially with a BK on your report. My husband got denied for a car loan with our credit union because he had too much available credit open to him and he has two state tax liens on his credit report.

A Ford Expedition is one big car with one big price tag. With your mortgage, two credit cards, and a prior BK, the credit union may just be wary of overload. That's how it happened with my husband anyway.

We ended up buying a smaller Ford that we paid for outright.

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