Bankruptcy Friendly Credit Cards Pt.2

[Kb109]

Coney, I burned Capital One for $2800 so your response gives me some hope, LOL. My payment history with them was perfect so I'm hoping they will give me a second chance. I know these situations are very YMMV, though. Thank you for your response.

[Scupra]

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@Kb109 wrote:

Thank you all so much for your helpful advice!! I applied and was denied for a Capital One secured card (I know, I jumped the gun way too quick) due to "recent delinquencies" with them. I was never delinquent with them or any creditor prior to my filing, but I understand. Thankfully it was only a soft inquiry. I'll try again after 4-6 months of positive payment history with my two crappy cards lol.

Regarding USAA, I do not qualify at all even though my father works for the Department of Defense (as a civilian, and he's not a veteran). PenFed I am not sure what their requirements are. I may try for a secured card at my local credit union, but they are so stingy when it comes to lending even when I had 780+ scores. It's my own money I am borrowing against, so I do not understand why lenders are so quick to deny applications for secured cards. I will try with my credit union in a few months. I also found another CU in my area that offers a credit-builder type loan, which is also borrowing against my own savings, but I'll take what I can get at this point lol.

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Gives you the ability to join NFCU They have a great secured card

[J-F168]

Seem that a lot of people are approved for Discover via new Pre-Approval site with BK on file and less than one year post discharged. I personaly know someone who was aproved for a discover it who was D/C this year with fico 620's for 1,200.

[stinastina]

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@Kb109 wrote:

Thank you all so much for your helpful advice!! I applied and was denied for a Capital One secured card (I know, I jumped the gun way too quick) due to "recent delinquencies" with them. I was never delinquent with them or any creditor prior to my filing, but I understand. Thankfully it was only a soft inquiry. I'll try again after 4-6 months of positive payment history with my two crappy cards lol.

Regarding USAA, I do not qualify at all even though my father works for the Department of Defense (as a civilian, and he's not a veteran). PenFed I am not sure what their requirements are. I may try for a secured card at my local credit union, but they are so stingy when it comes to lending even when I had 780+ scores. It's my own money I am borrowing against, so I do not understand why lenders are so quick to deny applications for secured cards. I will try with my credit union in a few months. I also found another CU in my area that offers a credit-builder type loan, which is also borrowing against my own savings, but I'll take what I can get at this point lol.

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You apply online, make a $17 donation to one of their associated groups and $5 to open a share account. As long as your EQ is 650 plus and you don't have a lot of recent inquiries or new accounts, you're golden.

[morgacj2004]

This card is not underwritten by AX. It simply has the logo using their payment processing center. If u r eligible for other NFCU cards u should be able to get this one. Have not heard of any different UW standards applying to this card

[Scupra]

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@morgacj2004 wrote:
This card is not underwritten by AX. It simply has the logo using their payment processing center. If u r eligible for other NFCU cards u should be able to get this one. Have not heard of any different UW standards applying to this card

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I haven't heard anything directly from NFCU but by the looks of it, this card just doesn't seem as easy to get approved for. Just me making assumptions though

[Anonymous]

Keep us posted on your denial or acceptance

[Scupra]

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@swilso58 wrote:

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@Scupra wrote:

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@morgacj2004 wrote:
This card is not underwritten by AX. It simply has the logo using their payment processing center. If u r eligible for other NFCU cards u should be able to get this one. Have not heard of any different UW standards applying to this card

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I haven't heard anything directly from NFCU but by the looks of it, this card just doesn't seem as easy to get approved for. Just me making assumptions though

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I already applied. Assuming I get denied, should I immediatly apply for the cash rewards or wait a year?

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Assuming you are declined, send a message for a reconsideration.

[kingpeter2020]

Thank you for your recent Discover it® Chrome Secured credit card application.

Unfortunately, we are unable to approve your request at this time for the following reason(s):

STATUS OF EXISTING / PRIOR DISCOVER CARD ACCOUNT

If you have any questions, our service specialists are available to assist you, 24 hours a day, 7 days a week, by calling 1-800-347-4736.
 

Thank you for your interest in Discover.
 

Type of credit score FICO
Your credit score 620
Date October 16, 2017
Scores range from a low of 300 to a high of 850
Key factors that affected your credit score were as follows:
SERIOUS DELINQUENCY, AND DEROGATORY PUBLIC RECORD OR COLLECTION FILED
NUMBER OF ACCOUNTS WITH DELINQUENCY
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
TOO FEW ACCOUNTS CURRENTLY PAID AS AGREED
NUMBER OF INQUIRIES ON CREDIT BUREAU

what should i do now? recon? 

i burned discover for 2k, i just been discharged sep 2017 i already have a cap one card 1k and fingerhut $300

[Scupra]

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@kingpeter2020 wrote:

Thank you for your recent Discover it® Chrome Secured credit card application.

Unfortunately, we are unable to approve your request at this time for the following reason(s):

STATUS OF EXISTING / PRIOR DISCOVER CARD ACCOUNT

If you have any questions, our service specialists are available to assist you, 24 hours a day, 7 days a week, by calling 1-800-347-4736.
 

Thank you for your interest in Discover.
 

Type of credit score FICO
Your credit score 620
Date October 16, 2017
Scores range from a low of 300 to a high of 850
Key factors that affected your credit score were as follows:
SERIOUS DELINQUENCY, AND DEROGATORY PUBLIC RECORD OR COLLECTION FILED
NUMBER OF ACCOUNTS WITH DELINQUENCY
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
TOO FEW ACCOUNTS CURRENTLY PAID AS AGREED
NUMBER OF INQUIRIES ON CREDIT BUREAU

what should i do now? recon? 

i burned discover for 2k, i just been discharged sep 2017 i already have a cap one card 1k and fingerhut $300

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I don't think Discover does recon's. I think you pulled the trigger too early on Discover, especially with them being burned. Garden the 2 cards you have for six months and go from there.