08-22-2012 01:09 PM
This is crazy. I have been working on rebuilding my credit since I filed a Chapter 13 over a year ago. I was approved for one credit card last year and I have paid it on time every month. I'm getting a little frustrated though because when I spoke to a broker I was informed that I need more credit. How can I get new credit when I can't even get approved and if I have too many inquiries hit my credit report it will drop my score.
08-24-2012 11:34 AM
I didn't try any secured credit cards. My question with those is, will they really help me rebuild my credit. My credit score has jumped over 100 points since I filed Chapter 13 last August. I'm only about 30 points away from 620. I really want to purchase a house within the next six months and I need to re-establish credit but I only have one credit card. I'm still paying my car note through my Chapter 13 but they aren't reporting it on my credit report anymore.
Do you think I can still use them as a tradeline even though they're not reporting on my credit report?
08-25-2012 06:30 AM
If you are going to buy a home while you are in a Ch 13, you do have to have permission of the trustee handling your BK. Naturally you would go through your attorney for the court's approval.
It is possible to get a mortgage loan in a Ch 13, but you would need to speak to a lender to find out their requirements.
08-27-2012 09:18 AM
I've heard of people getting a house in a Chapter 13 with their trustee's permission. Hopefully he won't give me a hard time. Why can't you pull your own credit report while you're in a Chapter 13? That doesn't make sense to me. I need to know what's on my report to make sure everything is reporting correctly. I'm not trying to wait until five years go by and then I see a ton of stuff reporting wrong on my credit report and then it takes me another two years to fix it.
08-27-2012 09:21 AM
My BK7 was discharged on 8/21/2012 and i recieved a capital one visa 2,000 and credit one visa 1,500. Just try rebuilding and apply to sub prime lender i know from experience ($4 Million BK7) Good Luck
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