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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.
Have you tried getting secured cards?
Is your case discharged?
How long is your credit history
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?
Talk to your attorney. Mine didnt even let me get a car to make it to work. I doubt if you can get a home while under chpt 13
Here in Illinois, you are not supposed to touch your credit reports without speaking with your attorney while under chpt 13
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.
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.
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