Is there life after BK?

[holhat]

Filed BK 7 last week. I know I wait for discharge next month but what then? Who gives credit to rebuild credit? So overwhelmed

[TRC2k13]

http://ficoforums.myfico.com/t5/Bankruptcy/HOW-TO-From-BK7-discharge-to-700-in-24-months-or-less/td-...

Yes there is life after BR.  Look at my sig to see what I've done in the 9 months since my Ch 13 discharge.

Good luck.

[holhat]

Thank you

[ezdriver]

Keep reading the stuff that have been posted in this forum. Good luck with your rebuild.

[juggalo9er]

read the 700 in 24 months thread ....at least the first post and yes there is life after bk! one of the cards in my signature below has a 10 k limit and a 9.9% fixed apr so i would say absolutely yes

[ezdriver]

I just had a funny thought [yeah I try to do that occasionally!] that most of us won't be here posting if there were no "life" after bankruptcy. lol

[Tricky3]

Oh yes there is!  

I filed BK in 2006 and I have not been late on a thing since (and never carry a balance).  I have Chase Marriott & SWA (10k), CaptialOne Venture (10k), Barclaycard (10k), Amex Platinum, minor cards are Target, Kohl's, NewEgg, PayPal BillMe Later, GE Medical.  My two chase cards I got a little over a year ago but had to call in to them when I got the online decline (since then they have been GREAT to me on my CL). CaptialOne was my first subprime card (World Card I think it was) but was upgraded to Venture after 4 years ago after calling into them.  They also raised my limit from 4k to 10k on a call too - it took a few phone transfers but they did it on my history only and did not even hard pull my scores!  Oh, I have a HSBC Card (10k) but I pretty much hate that card (along with my Barclaycard) - but I guess it is really a CaptialOne card now.

Just last Saturday I was approved for my Amex Platinum card - after many tries.  This was my "gold ring" to get back into the Amex door (since I burned them for ~4k on my BK).  They even backdated my membership to 1996 - which I find amazing.

TU (from Barclaycard site): 731, EX: 738, EQ: 701

[holhat]

Lol, good one ezdriver. I am just so overwhelmed and worried about rebuilding. Seems like it will be forever before we get credit again, ugh After some reading here, I have hope, thank you

[SoulMaster]

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@holhat wrote:

Lol, good one ezdriver. I am just so overwhelmed and worried about rebuilding. Seems like it will be forever before we get credit again, ugh After some reading here, I have hope, thank you

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If you follow the 7 to 700 plan you have credit again a month-or-so after filing!  Then more 30 days after that!  How is that "forever"?  ;-)

Yeah, you're going to get some lousy interest rates, but interest rates don't matter at all because you already know that you're never, ever, going to carry a balance on a credit-card again. ;-)  

-SM

Note: I'm 40mo post filing and just got approved for a $5K Chase Freedom.... 40 mo isn't that long at all for a card that's considered "prime".

[the_jan_b]

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@holhat wrote:
Filed BK 7 last week. I know I wait for discharge next month but what then? Who gives credit to rebuild credit? So overwhelmed

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There is life after BK.  I haven't filed BK, but I helped my fiance file (with the help of this awesome forum); and before he filed, he was an emotional wreck - wasn't getting hardly any sleep, not eating much, became frustrated and angry at the smallest things...the only reason he filed was because of Ford (he used to be a robot programmer there).  But to make a long story short, he filed this past August (I believe), and almost immediately, he became a totally different person; one that I could actually live with and didn't have to worry about what's bothering him.  He received his DC papers this past December, and couldn't be more happier!  He knows that there's going to be work involved in rebuilding his credit, but he says it's a small price to pay for the piece of mind that he's regained.