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Frequent Contributor
Posts: 448
Registered: ‎07-17-2013
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Re: How to rebuild your score after a ch7 BK

You should apply IF all of the accounts in your credit report are showing $0 and IIB, I will also prefer if the discharge shows on my credit report first. Which cards do you want to apply for?


DDixon wrote:

How soon after a discharge, should I apply for a credit card?


 

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Frequent Contributor
Posts: 448
Registered: ‎07-17-2013
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Re: HOW TO: From BK7 discharge to 700 in 24 months or less!

You for sure should apply for OpenSky secured card (no hard pulls), maybe also Primor, overstock or J Crew.

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
New Member
Posts: 10
Registered: ‎02-22-2016
0

Re: How to rebuild your score after a ch7 BK

I called CreditOne last week - after quite a bit of run around and upsells, I was told that my account was canceled. I am still able to log in online though and my latest statement ($0.00) has cut and I have a new payment date. 

I'm just wondering if that's normal? After all the back and forth on the phone, I wanted some way to actually confirm the account was closed, but I can't seem to?


Thanks! Have my renewal comming up (as does my wife) in a few weeks, and wanted to make sure we didn't get stiffed with it again. 

New Visitor
Posts: 1
Registered: ‎02-07-2017
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Re: HOW TO: From BK7 discharge to 700 in 24 months or less!

I burned several credit cards in my bankruptcy it was a serious credit overload. I got discharged from my 7 in Sept 17 and looking to rebuild. I got added as an authorized user on my fiances credit card and my score jumped up about 20 points. I think it also helped since his credit card has been open for 5 years and is only utilized at 10%. However I want to build my own credit again. I applied for the Self Lender Loan and pay $97 a month and will get the $1000 back in September once paid off. Great way to add an installment loan to your account.
One issue is that I can't get approved for any unsecured credit cards. Cap one - burned, Discover- burned, First Premier- burned, Credit One- burned. Today I was finally approved for a Surge MC with $500 cl. However the fees are ridiculous. On my way to rebuilding. Whatever it takes!
Trans Union : 583. Equifax: 620
Member
Posts: 8
Registered: ‎05-07-2007
0

Re: HOW TO: From BK7 discharge to 700 in 24 months or less!

So my understanding is that if I have an auto loan I do not need the Credit Builder loan?

Community Leader
Senior Contributor
Posts: 5,185
Registered: ‎07-12-2012
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Re: HOW TO: From BK7 discharge to 700 in 24 months or less!


creditclueless wrote:

So my understanding is that if I have an auto loan I do not need the Credit Builder loan?


As long as you have an auto loan that is in good standing and reports, you do not need another installment TL.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
732 EQ FICO 06/2017
740 TU FICO 06/2017
735 EX FICO 06/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $6.6k Cap1 Quicksilver | $10k Amazon Store | $14k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa
Member
Posts: 8
Registered: ‎05-07-2007

Re: HOW TO: From BK7 discharge to 700 in 24 months or less!

Great thank you!

Member
Posts: 8
Registered: ‎05-07-2007
0

Re: HOW TO: From BK7 discharge to 700 in 24 months or less!

I have a question about getting a second card, my discharge was Nov 16 and I didn't see this post until a few months ago. I started with an auto loan at discharge and got a credit card a month ago. So do I apply for capital one 5 months post discharge or 5 months after my first card?
Established Contributor
Posts: 972
Registered: ‎04-14-2016
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Re: HOW TO: From BK7 discharge to 700 in 24 months or less!


creditclueless wrote:
I have a question about getting a second card, my discharge was Nov 16 and I didn't see this post until a few months ago. I started with an auto loan at discharge and got a credit card a month ago. So do I apply for capital one 5 months post discharge or 5 months after my first card?

I'd treat the day you got your first card as day zero for the purposes of the plan  Smiley Happy






BK7 Discharged 4/27/2016 - Fico 8 as of 05/18/2017: EX 655 / TU 660 / EQ 676 - Follow my Journey Here
New Member
Posts: 3
Registered: ‎11-13-2014
0

Re: HOW TO: From BK7 discharge to 700 in 24 months or less!

I had the same problem I burned Captial One & Credit One. I was approved for two unsecured cards with Total Visa (300.00) and Cerulean Mastercard (750.00) both are with Mid America Bank & Trust. They both have decent interest rates 18.99.

Discharged 12/16
Fico 8
EQ 652
EXP 634
TU 638

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