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Bankruptcy friendly credit cards

Valued Contributor

Re: Bankruptcy friendly credit cards

Got a six-month auto cli from Navy Federal on my nRewards.  Only up to $1k but its better than nothing.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 271 of 690
Valued Contributor

Re: Bankruptcy friendly credit cards

Amazon store $700 - 7 months post discharge Walmart store $500 - 7 months post discharge Firestone $1.2k - 8 months post discharge

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 272 of 690
Community Leader
Senior Contributor

Re: Bankruptcy friendly credit cards


starry1 wrote:
Amazon store $700 - 7 months post discharge Walmart store $500 - 7 months post discharge Firestone $1.2k - 8 months post discharge

Hey! What the heck, I thought you were sitting tight in the garden right now! Haha, congrats on the approvals! Free TU score for youuuu! I hope your limits grow quickly like all the stories on here! Congrats again!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 273 of 690
Community Leader
Super Contributor

Re: Bankruptcy friendly credit cards

I got approved last week for Capital One MasterCard- $1,000 CL! I'm only a 45 days post chapter 7 discharge!! Smiley Happy
(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Message 274 of 690
Valued Contributor

Re: Bankruptcy friendly credit cards


Scupra wrote:

starry1 wrote:
Amazon store $700 - 7 months post discharge Walmart store $500 - 7 months post discharge Firestone $1.2k - 8 months post discharge

Hey! What the heck, I thought you were sitting tight in the garden right now! Haha, congrats on the approvals! Free TU score for youuuu! I hope your limits grow quickly like all the stories on here! Congrats again!


I was supposed to be, but I've been bad.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 275 of 690
Community Leader
Senior Contributor

Re: Bankruptcy friendly credit cards

Today was my 12th statement on my secured nfcu card. Trying to stay in the garden until it unsecures, hopefully, on the 13th statement!! All but one inquiry are 1 yr old now Smiley Happy
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 276 of 690
New Member

Re: Bankruptcy friendly credit cards

I had posted on here a while back under a different name, during the sign up for my credit scores I accidentally opened a new account :/  My husband and I were just discharged from Ch7 on 10/01/13.  My Exp score is 658 and I have some open TL thanks to being an AU on my Mom's accounts: BoA $500 US opened 04/2012, Chase $12,500 US opened 09/2003, and Target $5,000 US opened 07/2009. We burned Chase Babies R Us, Express, BoA, and the biggies were mortgage and medical.

 

My husband has 654 score and I just opened him a Capitol One acct. This is his only TL right now. They gave him instant approval for $300, but I was hoping for more. Any advice on getting them to CLI at the start? Wait for 6 months?

 

Okay, Now for the questions, PLEASE PLEASE give me advice, I have read these boards (important posts 3-4 times) through my whole process. Should I have my husband apply for one more card now? Maybe something with a more generous limit? He makes good money, so $300 seems shallow. Do I need anymore TL? I was thinking of doing a secured loan through our credit union, but he or I may need a new car soon (both were bought with cash and are pretty old, we've been lucky). Is it better to try the secured loan for SOME installment reporting, or should we hold off in the event that we may need a car loan before that is paid out?  If we do a car loan we would be able to put 30-50% of the loan amount down in a cash payment? Also, is the reporting on for me as an AU as good as having my own CC? If I did open another, would having to many negatively impact me?

 

Any other advice from the masters?!? I feel like our situation is a little odd and may not fit the exact mold set forth in the discharge to 700 post...

 

Message 277 of 690
Established Member

Re: Bankruptcy friendly credit cards

You can actually call and they will unsecure it right away for you. They did it for me, anyway.
Message 278 of 690
Regular Contributor

Re: Bankruptcy friendly credit cards

Both of you should try for Barclays.  They are very bk friendly.  But I would not do the secured loan.  Installment loans are not nearly as good for your credit as a revolving card.  



Starting Score: 601
Current Score: 739 TU
Goal Score: 800


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Message 279 of 690
Community Leader
Senior Contributor

Re: Bankruptcy friendly credit cards

Mrsjr: a loan will help with credit mixture which does make a difference though. I would recommend the loan for that. If need be pay it off early Smiley Happy
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 280 of 690