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01-13-2013 04:51 PM
I can't believe it! I got approved for the NFL Barclays credit card with a $500 CL. My credit is bad and I am filing BK next week. My question is - I know they are probably going to close it after they learn of BK, but can I hold on to this credit card somehow? I literally haven't been approved for any new credit in like 3-4 years after many late payments and a foreclosure. Any advice?
525 FICO/EQ - 548 TU - 500 EX - Over 50 deliquent accounts (mostly medical to 250K)
01-13-2013 05:13 PM
Yes, Chapter 7 next Monday. I guess my question would also be how and when to use it so it does reflect positively upon my credit if it does survive the BK. Is it possible to reach out to them and see if I can keep it or get it back. You know, be proactive - or am I done either way?
01-13-2013 05:54 PM
01-14-2013 05:22 AM
01-14-2013 08:46 AM
Your reaffirmed debts can still report on your CR. I reaffirmed my Home & Auto and they both still report on all 3 but I will say getting there I had to make phone calls and send emails to ensure that they would report correctly.
01-14-2013 09:11 AM
01-14-2013 09:44 AM
01-14-2013 11:26 AM
Thank you for the advice on my secured card and the others. I guess I will just close them and wait for the new offers post-BK. What kind of offers would you normally get for new cards and how soon/when in the BK process?
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