12-17-2012 08:19 PM - edited 12-17-2012 08:20 PM
After my discharge in Feb 2012, around April 2012 I was very disorganized and scattered in my credit inquiries, so I was very lucky after reading up and getting the Barclays, I am not even thinking about any card that pulls Transunion
Just wanted to say I noticed something odd from Barclays. They softed me last month on EXP even though on application they did a hp on TU.
I was scratching my head on that because I figured they would only do TU, but nope, they surely did an sp on EXP. So yea they are definitely looking at other CB's.
01-11-2013 07:45 AM
Bk filed April 2011
captial one secured card June 2012
capital one platinum card June 2012
barclay apple credit card December 2012
01-11-2013 08:01 AM - edited 01-11-2013 08:02 AM
BK 7 filed 2/2012 Discharged 7/2012
1/9/2013: Barclay Apple Finance Visa instant approval $2200.00
Asked how much I wanted to spend on the app: I clicked 1500-2000 range, instant approval at 2200.00
First unsecured line since discharge. Have 1 NFCU Nrewards Secured Visa (opened 7/2012), and Apple FCU Secured Visa (opened 9/2012) both at 1000.00 each.
Also on Halloween, 3 months post discharge: Toyota Finance approved me for 0% for 60 months on a brand new car. I opted to lease at 0.0008 Money Factor. Which is basically nothing, Out of my monthly payment, only $3.00 goes to interest and taxes combined
01-16-2013 01:28 PM
that is AMAZING news! To be approved for 0% for 60 months on a new car! That really just makes me feel better about my decision and give me confidence that I will still be able to get some credit offers after chapt 7 discharge. I already have a car through Toyota financial that is paid off but and one with Capital one that is current and never late. But hey I may need another is the far future once I get everything back on track, so this is good information. Congrats to u!
01-16-2013 01:32 PM
Thanks KTR - from my understanding, if you did well with Toyota - they will always finance you at Tier 1 no matter your future situations, so it is good to have them in your pocket for the future. Good luck to you.
01-16-2013 02:41 PM
I was just approved for an auto loan of at least $26k through Wells Fargo. Helps that I have $15k to put as a down payment - rate was 10.99% which I am OK with as I'll have it paid off in a year and if not, I should be able to refy by then anyway.
Pretty happy with that as I was just discharged on Oct 31 and have just one $500 secured line open with my local credit union.
Gotta start somewhere.....
01-16-2013 08:23 PM
01-16-2013 08:42 PM
Thanks everyone. Believe me - I had my mouth hanging open when the analyst called and said I was approved, go back to the dealership and take delivery (had went home because they were waiting to get approval to fund me since I had a fraud alert), but once the analyst verified it was me, I was all done.
And it is worthwhile to note that I have no previous history with Toyota Financial, so I was very impressed coming from always financing with Honda. So for those of you who are discouraged or just unsure, give Toyota a try. I see these advertising specials where Tier 3 (III) are getting the same rates as Tier 1+, you have to read the fine print to see if the that is stated. I do know from the Finance Manager, you just need a 650 to make Tier 3, and if you are close a volume dealer can get Toyota Finance to bump you up.
Those BK'ers who have low scores, but perfect auto history, will have auto-enhanced ficos that are good. For instance, when I went, my normal TU Fico was 600 when the CU pulled my credt the same day (I tried them first before going to Toyota that same day), and even they approved me with a TU Fico of 600 @ 10.74%. But when Toyota ran my auto-enhanced fico I came in right at 650 TU auto-enhanced.
11-27-2013 06:23 PM
Thanks to this forum I went ahead and made my first move. I was scared to apply for a credit card thinking I was going to get rejected, but thank God and to this Forum I was able to get good orientation and got my first unsecured credit card approval.
Filed for Chapter 7 BK: 7/24/2013
Official Discharge Date: 10/30/2013
Applied at Capital One which I included in my past BK and got Denied
Right at that same moment I jumped over to another tab and applied at Credit One and got approved for $300.00
I am very happy that I was able to get approved, I know is not much but it is enough to start working my way up to excellent credit.
Thank You Guys for all your posts and advises.
My Experian FICO score Progress
Feb. 2013 - 508
Nov 2013 - 642
11-28-2013 08:43 PM
not put something cheap like netflix on the credit one card, throw it in the sock drawer and pay it off in full every month.
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