Hampton08 wrote:I donot know how you got approved for a chase card or a discover card with a BK still on your credit report. When you apply on-line, one of the first questions they ask is if you have ever filed for BK. This is an automatic denial.
Also I have NEVER, had a creditor call me at home to review my denied application or give it a second review, and then approve it over the phone and ask me if thats enough credit or do you need more, I mean come-on.
I have also never seen a credit score in the 700's with a BK on it. If you were able to achieve these things I think that is wonderful.
When I applied for my Disco, it certainly did not ask if I had a BK reporting. I wouldn't have applied for it if it had.
I don't think anyone is saying that a creditor will call you at home (unless you have your reports frozen/they need to verify), they're saying you can call and have a live person reconsider your application... the computers are sometimes wrong in denials.
Finally, I'll have a 700+ somewhere between 18 and 24 months after discharge... you can count on it. I have 31points to go and still climbing.
For IronTek - When I applied/approved I was nearly done with a 1K credit builder loan, had my Orchard for 11 months and my C1 for exactly 6. You might have pulled the trigger on the Disco a bit too soon. Also, it NEVER hurts to call for a recon (on denial), the worst they can do is say "No" and you are exactly where you are.
-SM
Starting Score: ~470 preBK(8/2010)
Hampton08 wrote:
I have also never seen a credit score in the 700's with a BK on it. If you were able to achieve these things I think that is wonderful.
It's admittedly hard to have a 700+ FICO with a brand spanking new fresh BK, but my scores have been in the 700's for a few years with a CH 13 reporting. My highest has been 741, and you can reportedly get up to 760 with a BK. Just sayin' 
I have also never seen a credit score in the 700's with a BK on it. If you were able to achieve these things I think that is wonderful.
The newest member of the 700 club has to chime in. I have a 713 TU FICO with an almost 4 year old Chapter 7 reporting. I think my EQ score is probably higher but I'm too cheap to pay for an updated score.
beamMEup wrote:
arlibguy wrote:I filed for BK in 6/2002 (almost at the 10 year mark!). My scores are in my siggy.
OOooohhhhh! It's going to be fun to see what happens in a few months! Please keep us posted!!
party-party-party
No kidding! If history is any lesson, you'll skyrocket past your 750 goal and be in the low 8's (or high 7's)! It looks like an overnight pop of +90 when BK's fall off. (empirical evidence from this board and others).
Good luck!
-SM
Starting Score: 501
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