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New Member
Earn_and_Learn
Posts: 2
Registered: ‎04-16-2012
0

Credit Cards After Chapter 7

I consulted with a BK Atty today. I told him I wanted to reaff on one of my cards he told me that not only shouldn't I do it the judge doesn't allow reaffs. He said it didn't matter anyway because within 60 days of the discharge every one of my current credit cards would send me an application to get a new card. I think he was full of it. Has anyone here gone through a chapter 7 and what did your credit card lenders do after the discharge?

Valued Contributor
Scupra
Posts: 1,381
Registered: ‎07-12-2012
0

Re: Credit Cards After Chapter 7

I tried to keep a Cap1 open that had a $0 bal and they closed it a month after I filed. No new apps in mail though.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
692 EQ FICO 09/2014
680 TU FICO 09/2014
671 EX FICO 09/2014
$14k NFCU Flagship Sig - $14k NFCU cashRewards Sig - $15k NavChek - $6k Barclay Arrival + - $5k Cap1 Quicksilver
New Member
Earn_and_Learn
Posts: 2
Registered: ‎04-16-2012
0

Re: Credit Cards After Chapter 7

I thought what he said was too goog to be true. When he told me that in the consultation I said how would they want to lend me money again after I just wrote them all off. He was all you gave them a free tax writeoff and you'll have no debt to income ratio plus you can't file for another 8 years so your no risk at all. I am going to worry mysef sick about getting credit after this. Years of a perfect record and then a divorce tanks my finances an straps me with most of the debt. This is going to hurt.

Valued Contributor
ezdriver
Posts: 1,672
Registered: ‎08-24-2013
0

Re: Credit Cards After Chapter 7

My cards were cancelled by the banks shortly after filing Ch 7. Both banks told me that its was their policy to cancel credit cards once their card holder filed for bankruptcy. I got over it pretty fast and am doing just fine rebuilding my credit with new credit cards and a small installment loan. You can do it so stop driving yourself crazy over it.



Starting Score: 618
Scores on 10/9/13: EFX 652, XPN 669, TUC 662
Scores on 3/17/14: EFX 649, XPN 677, TUC 681
Goal Score: 720 ALL


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Valued Contributor
Scupra
Posts: 1,381
Registered: ‎07-12-2012
0

Re: Credit Cards After Chapter 7

I instantly applied for another cap1 and was approved instant.
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
692 EQ FICO 09/2014
680 TU FICO 09/2014
671 EX FICO 09/2014
$14k NFCU Flagship Sig - $14k NFCU cashRewards Sig - $15k NavChek - $6k Barclay Arrival + - $5k Cap1 Quicksilver

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