Credit Card Center Advertiser Disclosure

New Visitor
Posts: 1
Registered: ‎10-13-2007
0 Kudos

Last ch 13 pmt in December...Questions

I am so glad to have found these boards. My husband and I are making our last ch 13 payment in December. I think we finally have our life back on track. I started a new job as a temp, busted my butt and now I have been hired and have been there almost two years. It is the highest paying job I have ever had and I feel very lucky to have it. If I had it 5 years ago we wouldn't have had these problems. I actually have started a savings and also put 11% in 401k. What are our best options for rebuilding our credit? We are looking to move in about 2 years and buy a house we can fix up ourselves. We have a mortgage now and do pay it on time. Well we might have been late once in the first year of ch 13 when I was trying to find a job. Any information would greatly be appreciated. I feel like I have a second chance at life and I won't screw it up again. One thing that it has done, it has made us really think about our future and where we want to be. My son is 17 and he has learned from our experience and looking forward to when he can start building and keep his credit good. Life in general is so much happier in our household and it feels great. Sorry for rambling so much.
Valued Member
Posts: 46
Registered: ‎07-27-2007
0 Kudos

Re: Last ch 13 pmt in December...Questions

[ Edited ]
Hi Wintersnow,
Welcome to forums! Smiley Happy
It sounds like you guys are just about in the same position that I am.
I just made my last payment on my plan last month and am now waiting (patiently) for my discharge papers to arrive.
Firs thing I would do (if you haven't already) is pull you credit reports for you and DH and make sure they are correct. I have several accounts that aren't reported correctly for being IIB. I have been working on mine and it takes a little bit of time to get them all in sync.
Once you have that done, then you can start looking at your overall picture of balance of different credit. Sounds like you have the mortgage part down (Maybe try a GW letter for the one late you had), so now you should look into the CC's.
Once you have been discharged, know you scores, and make sure all info is correct on credit reports then you can start finding the right cards to start to rebuild credit for those. Check out the CC forum and the sticky for BK friendly cards.

Congrats on making to the end of you repayment plan!! You are one of the few people who actually complete a plan!! Smiley Happy Keep up the good work and post back any questions, successes, or just a woohoo message to let everyone know how its going!


TU - 598
EX - 663
EQ - 664

p.s. myfico scores are the only real ficos available, but other sites like TC are good for monitoring (just not the scores).

Message Edited by creditrecovery on 10-13-2007 02:55 PM
Regular Contributor
Posts: 112
Registered: ‎05-16-2007
0 Kudos

Re: Last ch 13 pmt in December...Questions

When you do get ready to rehab a house for yourselves be sure and have some general contractors in to bid on the work-even if you plan to do it yourselves. They will find extra jobs that even home inspectors usually miss. Knowing what has to be done will help you lower the purchase price.I rehab houses full time and I still miss things when I buy them.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.