Credit Card Center Advertiser Disclosure

Valued Contributor
Posts: 1,507
Registered: ‎07-24-2011
0 Kudos

Re: BK Friendly Cards? DECLINED!!

I think you needed to know what type of bankruptcy was filed as well to know why some have gotten immediate results and other's have not.  Also you needed to know how good or bad their credit was prior to bankruptcy and post discharge.


My bk was a chapter 13 that was filed in 2007 so all of my accounts had a very long time to *cool off*.  So I took the biggest hit in scores when I filed and then a few years after that.  At my discharge almost 5 1/2 years later my scores were above 700.  Of course this was due to the cleaning up effort as well.  


One of my creditors even mentioned that its been almost 6 years since my bk so they didn't see an issue granting me credit (DCU).  It was all about the timing of how long after the filing that I sought credit that I beileve worked out in my favor.  If I had just filed a chapter 7 and the date was just in the last couple of months I don't believe that I would have faired well at all.


So I just wanted to point out that there are other circumstances behind why some get the approvals and some don't, and that you're just missing another part of the story that makes all of the difference.  


If I simply told you that within 30 days of my discharge I was approved for a major CC with a $7500 limit, that it is really the truth.  But by leaving out some very important information (all of the above) that will mislead people (which is what I think happened in your case).  Get what I'm saying?  So I hope this helps you understand a little more behind the scenes info that makes the difference.

Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.