Discharged and rebuildimg

[mexley]

We filed chapter 7 on September 24 and Pacer updated our case as discharged and closed on 1/21! Our credit reports are not showing the discharge yet. Hoping that will update pretty soon. I tried the prequal site for capital one and it said I had no offers so we tried in my wifes name and she got a Capital One Platinum and a Quicksilver both with $1000 limits. We added me as an authorized user on both cards. We also tried the prequal on the capital one auto loan but we were not pre approved. We went to a dealer to see what kind of financing we could get since we didnt reaffirm either of our vehicles. Capital One approved us but with 17.99% interest. I think we are going to just borrow a vehicle from my parents and wait a few months for the credit cards to help our scores.

[Pway]

Congrats on the discharge. I would wait until your reports reflect the discharge. Financing a car after a bk your interest rate is going to be high. Borrowing a car from your parents would be the smart move currently. At least until you get your rebuild going.  

[mexley]

Thanks and i agree. Any idea on how long it should take for the discharge to show up on the credit reports? Fikig showed up same day.

[Anonymous]

Congrats on the discharge! Give it a few months if you can and you will be able to find a better auto loan.