A few questions that I can't find answers to...

TryingtoRebuild2 · ‎07-10-2014

Okay, first off, I have asked this before with no response, but its worth another swing. Can anyone recommend a generous CU in Florida and/or has anyone had any experience with MidFlorida CU post BK7? We can't get in to NFCU We filed BK7 in July 13, discharged October 13. Current scores are 610-650 depending on where you look. I only have a Barclay card 2k limit since April, a car loan through Cap One, a Loft card with the shopping cart trick for $250 and I am an AU on some accounts. The more that I have read, the more it looks like those AU accounts aren't really helping much, so I would like to add a CC. I am pretty sure I could get approved for a Cap One (never burned them and have been paying the auto loan ahead of schedule with extra towards principle), but I just went on the discover site and they said to app for the Discover It... So, if someone can reccomend a CU, I can go that route, OR has anyone been approved for the Discover It before 1 year post discharge? When I went to MidFlorida to look at apping for a card, they actually ask what you would like to request for your credit line!?! I don't even know where to start with that! I really appreciate all of the help that these boards have given me, and subscribe and have read the BK to 700 AND BK Friendly CC many many times!

ezdriver · ‎07-10-2014

If you have 10 or more months payment history since your discharge, then there is a good chance that you can get an unsecured card with a credit union here in Florida. I got an unsecured cc with Vystar after having 10 months payment history on a Vystar secured card. Why not just got for the Cap1 card?

0REDSOX7 · ‎07-10-2014

My local CUs here in NC request twelve months of three positive TLs reporting before they will give an unsecured card or refinance a car or anything like that...

BK Discharge 2/11/14

Currently in the garden.

TryingtoRebuild2 · ‎07-10-2014

@ezdriver wrote:
If you have 10 or more months payment history since your discharge, then there is a good chance that you can get an unsecured card with a credit union here in Florida. I got an unsecured cc with Vystar after having 10 months payment history on a Vystar secured card. Why not just got for the Cap1 card?

I am afraid that if I do a Cap One I will be stuck with low limits :/ I have heard that after the first credit steps increase they don't raise your limit again. I would prefer to get a card that will continue to grow after the first CLI!

michaels88369 · ‎07-10-2014

Where are you located? I am also in central Florida and I'm in the process of filing Chapter 7.

Credit conscience!

ezdriver · ‎07-12-2014

@TryingtoRebuild2 wrote:
@ezdriver wrote:
If you have 10 or more months payment history since your discharge, then there is a good chance that you can get an unsecured card with a credit union here in Florida. I got an unsecured cc with Vystar after having 10 months payment history on a Vystar secured card. Why not just got for the Cap1 card?
I am afraid that if I do a Cap One I will be stuck with low limits :/ I have heard that after the first credit steps increase they don't raise your limit again. I would prefer to get a card that will continue to grow after the first CLI!

Sometimes the best solutions are those that are implemented in steps/stages. Forget about the level of the tradeline and focus on constructing a robust credit profile [TL credit limits size matters not!] of having about three tradelines reporting ontime payments and none exceeding 3% of the TL's credit limit. It is that simple. Step #2, a year or so down the road, you will have options to obtain higher credit limits and replacement credit credit cards. I started with two secured cards [$300 each] and now I'm being offered Barclays and Cap1 with several thousand $$ limits. You choose which is more important to you but I do not recommend chasing credit limits when your credit profile don't support them.

TryingtoRebuild2 · ‎07-13-2014

Thanks for the advice! I needed that alternate view point. After going to the CapOne site, I was a little nervous that they didn't match me to an offer, but I applied for the Quicksilver One and was approved for a 3k limit! That is much better than I was expecting to start with them, so I am really happy. Plus I get the 1.5% cashback A much better card overall than I was expecting. There is a $39 annual fee, but I'm hoping to quickly recoup that. I use my Barclays heavy and pay it down to 5-10% before the statement date. No I can spread that over both cards and get rewards without paying interest!!! I may have to look at getting the DH a Quicksilver as his other 2 cards age some. Thanks again, and I will still take advice on Florida CUs if anyone gets any info!!