So I filed ch7 in April, 2016 and discharged in July, 2016. I had hundreds of thousands in medical debts that were discharged, as well as two car loans, and credit cards I ran up while trying to stay afloat with the hospitals.
In hindsight, I should have filed sooner than later, but it is what it is.
My scores from the 3b here at myFICO are all currently 640-650. In the 8 months since discharge, I've got the following rebuild-
1-car loan the day after discharge. 2008 chevy impala, 22% rate $185x72. I've been paying $200 a month.
2-car lease in November for my wife. 2017 chevy traverse lt. $360x36 with just a $750 trade from her old vehicle. It's a lease so I'm not paying extra.
3-USAA secured Amex. $1000 limit, currently at $0
4-discover secured. $1000 limit, currently at $930, but I pay it down to about $50 before statement date every month
5-PenFed thrifty credit line. $500 limit, currently at $0. I use it as my student loan payment account. Some months I use the thrifty account, some I don't.
6-fifth third secured MasterCard. $500 limit, $0 currently. It pays the monthly $7.95 for my daughters abcmouse.com account. That's it.
7-kohls $300 limit, $0 balance
8-jcrew $250 limit $0 balance
9-ocerstock $500 limit $0 balance
I've managed to build my savings account back to $5,000 and I'm putting 6% into my 401k to get the full match. I do all of this as the sole income in my house and with a wife and six kids. I think it's pretty good progress. Is there anything else I should be doing or not doing?
In hindsight, I should have filed sooner than later, but it is what it is.
My scores from the 3b here at myFICO are all currently 640-650. In the 8 months since discharge, I've got the following rebuild-
1-car loan the day after discharge. 2008 chevy impala, 22% rate $185x72. I've been paying $200 a month.
2-car lease in November for my wife. 2017 chevy traverse lt. $360x36 with just a $750 trade from her old vehicle. It's a lease so I'm not paying extra.
3-USAA secured Amex. $1000 limit, currently at $0
4-discover secured. $1000 limit, currently at $930, but I pay it down to about $50 before statement date every month
5-PenFed thrifty credit line. $500 limit, currently at $0. I use it as my student loan payment account. Some months I use the thrifty account, some I don't.
6-fifth third secured MasterCard. $500 limit, $0 currently. It pays the monthly $7.95 for my daughters abcmouse.com account. That's it.
7-kohls $300 limit, $0 balance
8-jcrew $250 limit $0 balance
9-ocerstock $500 limit $0 balance
I've managed to build my savings account back to $5,000 and I'm putting 6% into my 401k to get the full match. I do all of this as the sole income in my house and with a wife and six kids. I think it's pretty good progress. Is there anything else I should be doing or not doing?
