topic Re: List of bankruptcy friendly creditors? in Bankruptcy

List of bankruptcy friendly creditors?

JenniferinFL — Mon, 26 Mar 2012 18:17:37 GMT

I understand that some creditors are a complete 'no-go' after bankruptcy so long as the bankruptcy is still reporting. Some creditors are only a 'no chance in heck' if you included them in the bankruptcy. Is there a list anywhere of which is which?

For instance, I was approved for a Capital One Journey recently, but never included them in bankruptcy. I was also approved for a couple different store cards administered by WFNNB. I was declined by Barclay's Barnes and Nobles with bankruptcy listed as the only reason. I never had any account with Barclays, so apparently bankruptcy is a no-go even if you didn't include them in bankruptcy.

If there isn't already a list, maybe it would be helpful to have one. Obviously individual credit scores, inquiries, utilization and so on will still have an impact on approval. But, it would be nice to know if a creditor just does not lend to those within 5 years of a bankruptcy discharge. It's easy enough to compare average approved credit scores on a number of sites, but harder to find a breakdown for whether or not bankruptcy was a primary factor.

Capital One: Okay post bankruptcy (perhaps not if IIB)

WFNNB: Okay post bankruptcy (Perhaps not if IIB)

Barclays: Decline, reason bankruptcy (3 years after bankrupty discharge)

Re: List of bankruptcy friendly creditors?

SoulMaster — Mon, 26 Mar 2012 19:04:50 GMT

It's always a YMMV thing.

I included C1 and got an unsecured NHCR 6mo after 7 discharge, included Barlcays(apple card) and got a new Apple card 13mo after discharge. Also, got a Discover More 11 months post discharge (did not incl Disco in BK).

The only one of those things that should be possible is the C1, but in most cases, it's secured.

This game is whack.

-SM

Re: List of bankruptcy friendly creditors?

Comet21 — Mon, 26 Mar 2012 19:35:34 GMT

I did not include Capital One but was able to receive an unsecured a month after filing. I'm afraid to app for the Barclays Apple. We included Barclays Black Card in BK, but it was only in my wifes name so maybe I may have a chance. Do they keep your info as an AU? Does that automatically disqualify me?

Re: List of bankruptcy friendly creditors?

SoulMaster — Mon, 26 Mar 2012 19:38:39 GMT

Comet -

Like I said, I got a Barclays Apple after including a Barclays Apple in my BK. My old dead account even shows under my login online! I have no idea how/why they approved me. Silly rabbits!

-SM

Re: List of bankruptcy friendly creditors?

shorrttyycm1 — Tue, 27 Mar 2012 15:54:54 GMT

COMPANY CREDIT LIMIT TIME SINCE DISCHARGE CHAPTR WAS A CREDITOR PREV INCLUD BK

Orchard 300/now 420 1 month 7 Yes (X2 cards)

Cap One 1000/now 1500 2 months Yes (X2 cards & judgement)

NAV FED 1500/now 3500 10 months No

Hooters 300/still 300 3 months No

Cap one Auto 24000 11 months Yes (incl 2 auto loans in BK) accepted 9,000 for used car

Wells Fargo Auto 20000 11 months No

Chase Auto 22000 11 months No have student loans with them

Barkleys Appl DENIED/BK7 10 months No

BOA Secured DENIED/BK7 7/9 months No

Discover (IK) DENIED/BK7 10 months No Was told by rep that I could be approved with more history since?

*I am right at the 1 year mark from Chptr 7. All balances (except the 9000 car loan) are $0. Scores are FICO TU 646 EQ 642 Exp 649 (from there site, could be fako). Inq approx 7-8 ea.

I hope that this is helpful but, please remember, YMMV.

Re: List of bankruptcy friendly creditors?

jk26978 — Tue, 27 Mar 2012 16:45:37 GMT

shorrttyycm1 wrote:
COMPANY            CREDIT LIMIT      TIME SINCE DISCHARGE          CHAPTR          WAS A CREDITOR PREV INCLUD BK
Discover (IK)         DENIED/BK7           10 months                                                        No     ****Was told by rep that I could be approved with more history since?****

I hope that this is helpful but, please remember, YMMV.

This is helpful....this give me hope that I may stand a chance in a few months with Discover - August will mark my 3 year since BK 7 filing.

Thanks

Re: List of bankruptcy friendly creditors?

Comet21 — Wed, 28 Mar 2012 18:52:11 GMT

Does Hooters have an online app? I cannot find a place to apply anywhere.

Re: List of bankruptcy friendly creditors?

shorrttyycm1 — Wed, 28 Mar 2012 19:03:24 GMT

The app was online, I am not sure when it was taken down, I do not think that they are currently accepting applications and have stopped there rewards program effective at the end of the month I believe.

Hope this is helpful!

Re: List of bankruptcy friendly creditors?

BlovemeRen — Fri, 30 Mar 2012 17:36:44 GMT

I got a Secured Capital One card while my bankruptcy was still in process, and I also received an Unsecured Orchard Bank one during that time as well. I included both of them in my bankruptcy. Today I applied for another Capital One card but this time it was an unsecured one with rewards included, and I was approved for that one as well.

Re: List of bankruptcy friendly creditors?

Stocks1101 — Fri, 30 Mar 2012 19:23:24 GMT

As some others have stated Cap1 seems to be quite BK friendly, our BK7 was discharged 09/09 and my Cap1 cards are at $1750(year old) and $2000(3 months old). I've also had some luck with GECRB cards- CareCredit, Walmart, and Old Navy and I have heard that they are BK friendly. As for Barclays who knows, my hubby and I have pretty much exact credit profiles (BK together, auots together, cc's together, etc.) he got bombarded with "pre-selected" Barclay Reward MC offers for months and finally accepted one this month for $1300 cl. I've been declined due to BK.... lol

Re: List of bankruptcy friendly creditors?

JenniferinFL — Thu, 03 May 2012 00:08:36 GMT

Additionally, found out that not all WFNNB store cards are bankruptcy friendly. Gander Mountain Mastercard was a no go for me. Letter states that my score was not a factor, reason was "bankruptcy on file". Credit score was Equifax, score 655 when they pulled. 3 years post bankruptcy.

Re: List of bankruptcy friendly creditors?

jetsfan2012 — Mon, 28 May 2012 11:42:05 GMT

very good thread and I will follow this one intently. YMMV is true, as Ive read many have been able to get approved for Orchard Bank post BK even when they included them, yet I was denied. lol

Re: List of bankruptcy friendly creditors?

Comet21 — Mon, 28 May 2012 12:28:00 GMT

Did you have any other HSBC accounts included in BK? Our letter stated we were denied because of our delinquent payments from other HSBC cards. Which was Best Buy in our case.

Re: List of bankruptcy friendly creditors?

jetsfan2012 — Mon, 28 May 2012 13:31:37 GMT

I had a prior Orchard Bank card with them that was included, that was all. I called and spoke with the credit analyst, who said they do not do recon on denials now ?

Re: List of bankruptcy friendly creditors?

sewmuchdebt — Fri, 01 Jun 2012 18:31:30 GMT

i had iib hsbc accts but was approved for a 300.00 unsecured orchard bank card immediately after my discharge. (8/09)

that acct now has a 900.00 limit

Re: List of bankruptcy friendly creditors?

homesteader — Mon, 09 Jul 2012 13:46:29 GMT

I thought GE Capital was a bankruptcy friendly bank. I applied for a lowes card and denied. The reason they stated was our bankruptcy. it was discharged 6/22/12. was also denied for a cabalas card and secured capital one card. But applied before the bankruptcy on both. I amgetting of trying anymore

Re: List of bankruptcy friendly creditors?

Comet21 — Tue, 10 Jul 2012 16:25:51 GMT

Don't give up so soon, but you should have done the Capital One Pre-Approval process. It would have told you without affecting your score. If you did not include Credit One, or First Premier in your BK then I suggest going with 1(One) of those. You will get approved but at a cost. You have to start somewhere.

Re: List of bankruptcy friendly creditors?

tboy1977 — Fri, 13 Jul 2012 17:27:06 GMT

CapOne has been my FRIEND so far. When I filed my BK Ch 7 (which I did pro se), my EQ was 479. Jan 2011 it was 420! Yes, folks that hideous number went further south! In February I applied for CapOne and was approved. If you are looking for a secured VISA and live nearby a PNC Bank, apply for their secured card. You cannot apply over the phone, by Internet or mail. You MUST apply in a branch and bring the security deposit with you. This one is NOT advertised, but the approval is GUARANTEED! Unless you ow them. Ask for the branch manager and he will get the forms and you fill it out and they sent it to PNC interoffice mail......APR 18%, $36 annual fee and they treat you GREAT!!! MAX CL $2500. But I digress. Navy Fed Secured is another great product.

I have heard six months after discharge you can get a GE Money product. But Target is supposed to be BK friendly and I was denied after six months. But I applied again Apr 2012 and was approved for a $200 card. It seems your discharge is TOO fresh. Try again say early Spring 2013.

Circumstances can change. Having the one positive credit card may show another that you are responsible. I got approved for Coca-Cola's secured credit card because of my previous payment history. Otherwise, I may well have been denied. Not every financial institution will grant a secured credit card product just in face of having the security deposit. Even though the collateral reduces risk, it doesn't eliminate it entirely. I messed up with a secured credit card in 2005. Trust!

Right now I have five credit cards, four secured (CapOne: $3K, PNC $1300, Navy Federal $800, Coca-Cola $2500, Target $200). I have an installment loan in the amount of $1500 (cash secured)

The hardest part for me is watching how some people manage to get their scores well into the 600s mere months after bankruptcy and I have a 509 currently, almost a year and a half out. But hopefully in time it will get better.

Re: List of bankruptcy friendly creditors?

deadbishop — Wed, 18 Jul 2012 03:06:02 GMT

for what its worth... i was approved for a credit one bank visa unsecured 500 limit 1 week post discharge. i did a lot of clean up while waiting my discharge. made sure all iib accounts reported right, disputed old accounts and even had some CA just delete instead of listing iib. funny thing is i was the biggest pain in the ass and called them a lot as to why they didn't update with the CPA iib. think they got sick of hearing from me so just deleted. i also took 2 secured loans with 2 different CU in my area 1000 each after the 341. then a 300 secured appiedbank (no credit check) but they only report to TU and EX. mistake i know. 700 secured CU visa then i did the pre quality app. with credit one bank. then real app. now i am just gonna sit tight and pay on time and pif the cc's. clean up as i can. my goal is to buy a house 2 years post discharge. hope my post helps i am new to posting.

Re: List of bankruptcy friendly creditors?

patrick74 — Mon, 30 Jul 2012 03:55:55 GMT

Well, just got approved for the Capital One secured mastercard!