I had a bad credit record five years ago, but I cleared all my debts two years ago. I applied for a new credit card recently, but the bank rejected me. I wonder why I am still on a blacklist and how I can get off it. It is not fair to treat me as a bad credit risk. I paid back every single baht.
_ ChatANSWERED BY...Teera Phutrakul, CFP, Chairman, TFPA Define "bad". Bad as in late payments for a couple months, or being delinquent or declared bankrupt? Different banks have different benchmarks, but most will need to see at least a couple of years of good credit behaviour to feel comfortable in giving you credit again.
But if you have ever been declared bankrupt, most banks will not want to deal with you ever again. It may be worthwhile to get in touch with the National Credit Bureau to find out your current status even though I was told by the bureau that it does not have a blacklist.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.