@heavenli wrote:
Hello ALL!!!!!
I have my discharge! I got it on 2/3/14!!! I am soooo excited! I sent off the my letters to the Credit Bureaus and now I am just waiting for them to update all of the balances. I have a question though, did any of you have a Credit Score in the 520's after discharge? Can I start rebuilding my credit even though my score is that low? I see a lot of you that have scores in the 600's even though you went through bankruptcy.
If there are any of you who were in the low 500's when you discharged and were still able to secure new credit and rebuild, can you chime in? And what does gardening mean?
check out my stat line in my signature. I was even below that. Your schoreswill see their quickest increases earlier on in the process from what I've seen. I secured a "secured card" from my local credit union a month after my discharge and saw a significant increase with the new line of credit and the bureaus reporting correctly. Give them time, once all looking good - start the process.
I highly suggest you read the thread about building to 700 24 months post discharge. there is a world of information in all those pages.
"gardening" means that you're laying low and letting your cards build time and tenure with the lenders and you're not out applying for new credit with anyone during that time. Once people like us go from not being able to secure anything to being free and clear, applying for credit can get addicting. trust me, i know. however, with the right plan, dedication and patience - you can optimize your portfolio and build yourself a nice little baseline for the future.
Fico 8 Scores 5/1/22 :
799 EQ | 793 TU | 809 EX
Thank you so much!!!! YES I read the post by Soulmaster and have begun to follow his advice I WISH I could get in with NFCU!!!! OH well.. I will just have to settle for USAA although I NEVER see posts about them...
