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@Chilli wrote:According to the plan, 12-13 months for Discover It and Barclays Card. Why are you waiting 24 months? Did you previously apply according to the timeframe listed in the plan?
24 months is my own thing....as you can see i've been successful gaining solid credit lines and I want to make sure I'm at least 6 momnths clear of any past apps for credit.
@grassfeeder
Yes, you did well...how long did it take you to obtain your cl with nfcu? did you start out at a lower limit...? If so, what is the process?
+1 grassfeeder! I agree and am doing the same
Just got approved for my credit one card. Now I gotta find a CU that offers credit builder loans.
@pizza1 wrote:
I wouldn't apply for discover till 2 yrs post discharge. Barclays wants to see a minimum of 6 months of payments with someone else first before they will approve. Don't waste your time or HP on discover till your scores are high 600's or higher.
I would have to agree. Upon reading various forums, usually it's 2-3 years before they are approved for Discover with a bankruptcy.
@scarzy wrote:
@pizza1 wrote:
I wouldn't apply for discover till 2 yrs post discharge. Barclays wants to see a minimum of 6 months of payments with someone else first before they will approve. Don't waste your time or HP on discover till your scores are high 600's or higher.
I would have to agree. Upon reading various forums, usually it's 2-3 years before they are approved for Discover with a bankruptcy.
2 years is just playing it safer. I do not doubt that multiple people have been approved in under two years though
Great information thank you!
Now here is my question- My husband and I were discharged 4/28/2014 so we are pretty fresh still. We have/had been receiving pre approvals from Capital One almost immediately after discharge. So we decided to give it a shot. We were approved for $1000.00! What in your opinion should be out next step? We make 90,000+ a year which is why I think we were able to get such a high limit right out of BK.
I have been to a credit union that has a credit builder type loan I believe they called it a shared secure loan. We would deposit $1200. into an account and they "lend us back $1200. at 2% interest for 12 months. So monthly payment would be $102.00
thank you in advance
Thank you so much for this!!!