cancel
Showing results for 
Search instead for 
Did you mean: 

Chap 7

Established Member

Chap 7

Just filed yesterday. I am happy to have the weight lifted off. I have one final question. I currently bank with Chase. I included their freedom card in my BK. My question is will they take my direct deposits from my employer? Should I find a different bank until my BK is discharged? My CC is just 2 days past due at this point, but I know they will get notice of my bk filing within the next few business days.

 

Thanks in advance.

BK discharged 06/13 Eq 585, Trans - 564 (May '14 648,632)
Barclay Rewards card - $2500 CL (Opened Dec 2013)
NFCU Cash rewards - $5000 CL (Opened Dec 2013)
NFCU secured - $500 CL (Opened June 2013)
Fingerhut $400 CL (Opened Oct 2013)
Victoria Secret $500 CL (Opened Nov 2013)
Message 1 of 7
6 REPLIES
Regular Contributor

Re: Chap 7

I moved my money just in case because I included my bank as a creditor when I filed but nothing ever happened so I just moved everything back over after discharge.


Starting Score: TU 477 EQ 533 BK 1/27/2012
Current Score: EX 702 TU 681 EQ 652 1/10/2014
Goal Score: 700


Take the FICO Fitness Challenge
Message 2 of 7
Established Contributor

Re: Chap 7

Agree with Comet. I had the same issue with BOA since I included one of their cards and they had my checking/savings account. I didn't change banks. BOA just closed my credit card account and everything was fine. I'm almost pretty sure they would be breaking some pretty big laws if they just took your direct deposit while you are under bankruptcy protection.

BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 3 of 7
Established Member

Re: Chap 7

Thanks for the info! On a side note, just got my checking acct setup at NFCU. I am planning on using them as a secondary checking account to start building a relationship with them. That way when my bk is discharged, it is already est.

 

Thanks again for the info!

BK discharged 06/13 Eq 585, Trans - 564 (May '14 648,632)
Barclay Rewards card - $2500 CL (Opened Dec 2013)
NFCU Cash rewards - $5000 CL (Opened Dec 2013)
NFCU secured - $500 CL (Opened June 2013)
Fingerhut $400 CL (Opened Oct 2013)
Victoria Secret $500 CL (Opened Nov 2013)
Message 4 of 7
Established Contributor

Re: Chap 7

I've heard wonderful things about NFCU. Personally, if I were you, I wouldn't even bother with a different credit card company. It seems like they would let you start off with a secured card and then convert to an unsecured with good use. They are also generous with their credit lines and they have so many different credit products that you can establish multiple credit accounts with them.

 

Good luck OP!


BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 5 of 7
Community Leader
Senior Contributor

Re: Chap 7

I would say to make NFCU your PRIMARY banking institution! They are wonderful and will be willing to give you a chance post BK. I have no complaints about them and didnt think twice about dropping Chase for them.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 6 of 7
Valued Contributor

Re: Chap 7

Yeah, I ended up moving all my money there yesterday and will be starting my direct deposit on my next paycheck.  I haven't apped with them yet, but I plan on doing it either May/June or around November.  I haven't decided yet.  I don't need them reporting yet because I managed to get three TLs this last week, so I may just sit baak and let those report for 6/7 months.


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 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 7 of 7