Reply
Community Leader
Valued Contributor
Posts: 2,351
Registered: ‎11-29-2012
0

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 Goal Score:
 625 for now– New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $10k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $500 / Target $400 / PPSC $800 / Texaco $400 (last app 09/29/14)
Community Leader
Valued Contributor
Posts: 2,351
Registered: ‎11-29-2012
0

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 Goal Score:
 625 for now– New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $10k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $500 / Target $400 / PPSC $800 / Texaco $400 (last app 09/29/14)
Valued Contributor
Posts: 1,766
Registered: ‎07-12-2012
0

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
696 EQ FICO 01/2015
686 TU FICO 01/2015
678 EX FICO 01/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $6k Barclay Arrival WEMC | $5k Cap1 Quicksilver | $5k Amazon Store | $10k Cap1 VentureOne | $5k Barclay US Airways
Valued Contributor
Posts: 2,076
Registered: ‎07-17-2013
0

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!! :smileyhappy:
(BK7 d/c:08/19/13~FICO-400's)---> EQ 640,EX 666,TU 657
3 major cc/ 8 retail cc= $47,300 avail credit; plus a $15k LOC
Total revolving credit reporting is 1%
Community Leader
Valued Contributor
Posts: 2,351
Registered: ‎11-29-2012
0

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 Goal Score:
 625 for now– New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $10k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $500 / Target $400 / PPSC $800 / Texaco $400 (last app 09/29/14)
Valued Contributor
Posts: 1,766
Registered: ‎07-12-2012
0

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 :smileyhappy:
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
696 EQ FICO 01/2015
686 TU FICO 01/2015
678 EX FICO 01/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $6k Barclay Arrival WEMC | $5k Cap1 Quicksilver | $5k Amazon Store | $10k Cap1 VentureOne | $5k Barclay US Airways
New Member
Posts: 4
Registered: ‎10-16-2013
0

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...

 

Established Member
Posts: 21
Registered: ‎08-09-2013
0

Re: Bankruptcy friendly credit cards

You can actually call and they will unsecure it right away for you. They did it for me, anyway.
Regular Contributor
Posts: 142
Registered: ‎02-24-2013
0

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.  

Capital One VentureOne 10K | Capital One Platinum Prestige 7.5K | Capital One Quicksilver 4.5K | Discover IT 1.3K | Barclay Rewards MC 5.6K | Walmart 4.5K | Kay Jewelers 5.1K | Overstock 4.3K | Target 500

Starting Score: 601
Current Score: 735 TU
Goal Score: 800


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,766
Registered: ‎07-12-2012
0

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 :smileyhappy:
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
696 EQ FICO 01/2015
686 TU FICO 01/2015
678 EX FICO 01/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $6k Barclay Arrival WEMC | $5k Cap1 Quicksilver | $5k Amazon Store | $10k Cap1 VentureOne | $5k Barclay US Airways

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

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.