09-28-2009 11:38 AM
I filed CH 7 in May 2006. In June 2007 I went to BoA's pre-approvel site, filled in all the info and got approved for a "Gold" Visa with a $2,000 CL. Was BoA included in your BK? They were not in mine & that might be the issue.
09-28-2009 04:24 PM - edited 09-28-2009 04:36 PM
Why are you worried about getting a BofA card? I had 3 BofA cr. cds and with the bank doubling and then tripling my minimums and then eliminating my remaining credit available, well, that just helped me on the way to bankruptcy. I tried talking to them, making payment arrangements, etc. BofA is one of the worst.
Go to a credit union or small town bank that has some integrity left. If you doubt what most people think of BofA (BAD!!), go to ClarkHoward.com and search for Bank of America or just Google "Bank of America, Bad behavior" etc. Try this one: http://www.city-data.com/forum/charlotte/613601-bo
They don't have anything with their credit cards that you can't get elsewhere, with less aggravation down the line.
10-27-2009 07:08 AM
12-05-2009 07:09 AM
I went to a firm, Pacific Law Firm to be exact, that have attorney's yes, but use paralegals to do their work. You do not see the attorney until the last day. You're questioned about your finances from the time you walk in to the time you walk out. I would say this is a mill so to speak. The paralegal is rude and treats you like a child. Has no time for you, will not explain things as to what exactly she is looking for. You almost have to guess and it adds to the stress. You see an attorney at the very last, providing he isn't at his golf game. He once again asks financial questions and explains the procedure. In my case it was a bit different. I only had Bank of America loans. I was on time and not late. So they had to make me late in order to do this bankruptcy. All creditors I had paid off or not sunk along with BOA.
Day of creditor meeting: I watched the procedure saw the person who was the so call "Trustee" he stated he was the FBI agent. Now I watched others with their attorney's walk through this with no problem. They're attorney's or representation spoke for them. Answered a few questions and that was all. When it came to my turn, I was ripped into for having the loans, ripped into for charging and then paying bills ( prior to my decision to go Bankrupted) I was told I had a shopping spree and then decided one day to do this. ( which was not true) I had no support ( meaning my husband was not there, he had to work that day and he was not in the bankruptcy) This Trustee so to speak ripped me apart as if I had committed a crime of sort. When he got through with me, I was so sick to my stomach. I looked at my representation, who was more interested in his blackberry than answering this FBI agent. I was very angry and upset. When he went to shake my hand, I flat out want to knock him on his butt. I ended up getting sick. This wasn't suppose to be this way. I paid $2,500 for what? To push some papers and be belittled by flunkie paralegals that need lessons in etiquette. Plus another $300 bucks to get this into court and never once saw my "own" attorney, only his friend.
I realize bankruptcy isn't a game. It's serious and beleive me a choice I did not want. I tried everything from trying to talk with BOA to going to debt settlement companies. It wasn't my fault that the economy took a nose dive, or I loss my job and my income was decreased. It wasn't my fault I had to choose between paying the outrageous $1,200 a month loan payments or pay my rent to live. It was a hard decision and one I had no choice.
At 62 the stress of losing my nursing job, the treatment I received from these so call ambulance chaser attorneys/ paralegals, that look more like the Grisham book "THE FIRM" rather than a business of caring for their clients.
My question is this...why what this FBI agent in the meeting of creditors and siding in with the BOA instead of listening to what "I" had to say? Or was this how it was suppose to work?
12-05-2009 11:34 AM - edited 12-05-2009 11:40 AM
...I was on time and not late. So they had to make me late in order to do this bankruptcy...
No, they didn't! Technically, I suppose, a person entirely able to pay his single debt COULD file bankruptcy (though it surely wouldn't be smart). It's up to YOU, not your attorney! There is no law/rule that says a filer MUST be behind on his payments in order to file. I wasn't -- in fact, my accounts all had been closed while current for almost a year -- but my credit-counseling, debt-management plan (which was formulated before I became delinquent to ANY creditor) obviously was no longer sustainable. I paid my payment one month (which was distributed to creditors on time), and filed before the next payment was due so I didn't have to pay it. My filing date was PRIOR TO my next payment-due date -- so I was then current (though I hadn't had any discretionary money for several months)! And, it benefited me post-discharge: because I had no 'lates' reporting, the BK public record was my only FICO ding, and so my scores never tanked. I closed a mortgage just 55 days post-bankruptcy.
12-05-2009 04:17 PM
No, they didn't! Technically, I suppose, a person entirely able to pay his single debt COULD file bankruptcy (though it surely wouldn't be smart). It's up to YOU, not your attorney!
No what I meant was that I wasn't behind on payments and yes it was my decision of course to go do bankruptcy. It was the attorney who told me that I had to wait a month so the debt could be deliquent one payment as they processed the case.
I had gone to a debt managment plan "before" I went to an the attorney. The debt management didn't seem to work for me. It was the same problem. I had no idea of what my income would be to state I could give them x amount of dollars. I didn't know where I stood for almost 3 months. Hope I made this clear.
12-06-2009 05:13 AM - edited 12-06-2009 05:17 AM
03-22-2010 06:43 PM
I filed bankruptcy which shows on my credit report as well as all the creditors I included in my bankruptcy. How can I get a double wammy for bankruptcy and my credit history? My bankruptcy was a chapter 13 and although I paid 90% of the money I owed back, It still affects my credit almost as bad as if I would have filed for chapter 7 or chapter 11, at least then I would not have paid any back. So much for trying to do the right thing, I filed in 2005, and I still have a score below 640.
03-23-2010 04:30 AM
"So much for trying to do the right thing, I filed in 2005, and I still have a score below 640."
Yes, it can seem that way with a Chapter 13. I filed in 2005 also. Discharged in May 2009. My credit would be in better shape now if I had filed a Chapter 7 in 2005. I would be 4 years post discharge, rather than less than 1 year post discharge. If you are talking about your mid score, then less than 640 doesn't sound too bad. You only need about a 620 middle score to get a FHA or VA mortgage. Which is all that matters for me, because I pay cash for everything else. My middle score is around 625. I am only guessing though. Since you can't get an Experian FICO, to be on the safe side, I assume that the lowest of the scores I do have available is my middle score. If I am wrong, and my Experian is actually higher than my lowest, then that is all good.
03-23-2010 08:10 AM
With today's credit market it's hard to either keep your score good or begin rebuilding your score after a chapter 7, it's only be a few months. I refuse any credit that is offered in the mail, especially those from car dealers who keep begging me to rebuild etc.
I don't trust the economy still, feel doubtful and never want to go through that humiliation ever again with a chapt 7 and have the creditor glaring at you as if you had a ball charging up a storm and decided to go belly up. No thanks. I'm going to chose carefully who I wish to deal with and limit what I have. It was too painful and I never want to feel like that again.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.