06-08-2013 05:17 PM
I Think your best bet is to start with a local credit union. With the credit union I would recommend doing to things:
1. A secured card and make sure you manage this card very well (on time payments is key)
2. A secured loan
These two credit lines will help you build post BK positive credit history.
When you are at the 6 Month Mark, you can try for Barclays since you included Capitalone and GECRB (Walmart) in your BK filing I would give them a year or so before trying to get a card from them.
I am sure others will chime in and provide aditional advice......Just remember, do not apply for credit you do not need and space out your applications and you should be good to go. Do not waste time with the big players (bank of America, Chase, Citi, American Express) they are not BK friendly. Discover is BK friendly in the future you will be able to get a card with them.
06-08-2013 05:20 PM
Why BOA? What other credit cards do you have? also do you have a credit union you belong to? I prefer the credit union option. The reason I question BOA is that they are not BK friendly. I do not know of anyone who has been successfuly in having their BOA secured card changed to an Unsecured card if they have a BK reporting on their credit.
06-08-2013 06:02 PM
I pulled the trigger on the Barclays Applecard and was instantly approved for $2500--they pulled TU. I'm debating on calling to recon and see if they can get me to 3500/4000, though I feel like that'd just be being greedy haha.
I emailed Capital One EO and a rep from Orchard Bank and a rep from Capital One both called me within two hours of the email to discuss CLI. Orchard explained they would have to do a hard pull but Cap One said it would be a soft pull, so I opted to move forward with Cap One and leave Orchard alone for now. The Orchard rep said I can attempt another CLI with the Orchard card once it officially merges with Cap One in about 2-3 months. She said she suspects that at that point they won't have to do a hard pull for the CLI.
06-12-2013 01:49 PM - edited 06-12-2013 01:53 PM
Sorry if I'm wrong about this, I have read other post about the BOA secured card,
and it seems like they may counter offer with this card if you are declined for a unsecured
card, as always, YMMV, good luck
06-12-2013 03:14 PM
06-12-2013 04:46 PM
06-13-2013 10:09 AM
It might. Just really work hard with the medical people to try to keep it off your reports.
06-27-2013 08:45 PM
06-27-2013 08:47 PM
Got instant approval for NavChek today for $2.5k just four months post bk.
Haha this answers my question in another thread!! CONGRATS!!! Especially on the instant!
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