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I just want to share my story after file bankruptcy !!
05/05/2015 : talk with my attorney about got some summons from debt collector . And he told me I need to file a bankrutcy because after he check my anual credit report , there was alot of debt and collection. And I agreed to do a BK Chap 7 . Total for fee was $1800 and split to 6 payment ( $300 / months ).
08/05/2015 : went to bankruptcy court to do 341 meeting , in n out within 5 mins with some simple question . Went home after that .
09/15/2015 : discharged paper come to my mailbox. Finally discharged . Check with FICO report + creditkarma and saw my colledtion got mark : INCLUED IN BANKRUPTCY
After spend 2 days in this forums , now time for rebulilt ....
09/16 : apply with Cap1 and got denied right away . I thought maybe I burn them in my bk , around $3k5 with my Journey card.
10/02 : went to Wells Fargo to open checking and saving account only . Because my attorney told me need to close all my checking . Done .
As of 02/10 , my EX was 502 , TU 449 , EQ 515
10/15 : now time to re-apply for Cap 1 . App for QuickSilver1 and approved for $300 , after 2 mins , apply for Plantium and approved for $300 . SHOCKED .
10/23 : apply for DISCOVER and denied , call backdoor and they told me BK on my report .
10/24 : apply for BARCLAY and denied , call backdoor and still the same , they told me re-app after 6 months with good payment with Cap 1 .
10/27 : went to T-Mobile to open account and approved with $100 deposit.
Now , I need vehicle for go to work because my car was about got some check engine light and need alot of cash for fix . EX 520 , TU 480 , EQ 540. With this score , I'm sure will very hard to get auto loans. Went to Toyota dealer ship to buy a car I want ( total 22k out the door ) and they said approved if put down $13k because low score and BK after do credit check. And I left a dealer , dont have $13k to put down. Google was my friend and .....
11/13 : apply with roadloans and get approved amount up to $17,442 with $2000 down and apr 20.42% for 72 months . God , crazy apr but I need a vehicle and plan will re-finance after 1 years, so accepted and print out blank check and some document required . At this time , I just got a new job with $3500 / month and I dont have paystub or W2 yet , so roadloans ( Santander ) said will be ok with employment letter from my boss with type , not hand written . And I got it with me .
11/15 : went to carmax to buy a Huyndai Elentra ( 2013 , 32k miles ) and agreed with the price . I gave a saleman my roadloans approved packet , after he saw 20.42 apr , he told me let's try credit app with carmax and they will help me beat the APR . So I said yes , let see what will happen .
11/15 again : After fill out and he click submit , my heart was like dancing . He show on on his computer was 7 banks responded my app . After he clicked view decision button , only 2 bank approved me was Ally Auto and Santander .
++Santander required $5000 down and same apr , I dont know why more down with them .Paystub required , checking account required and down payment
++ And this time I was shocked again , Ally approved me with only $500 down and 12.02 APR . Required only checking account ( for $500 down , can use with debit card or checkbook ) , and proof of insurance only. They didn't ask for income or anything else. So I went with Ally and left the dealer after 1 hour.
As of today , after 2 months of discharged . I got 2 credit card with Cap 1 , and 1 auto loan with Ally Auto . And my score today EQ 589 , TU 539 , EX 588 . All my collection now 0 . I havent dispute or call anything or anyone about my score or collection , just let it go and everything will back to 0. I didnt apply for any sercue card.
Will re-finance after 1 year to get low APR. Hopefully will be ok with my plan ...
Just want to share my story , and English is my second language , sorry about mistake of typing .
good job man, thanks for sharing...congrats
Congrats and keep up the good work. Good luck
Congrats! Take care of those and things will only get better from here.
Sounds good! It *WILL* get better down the road for you
Thanks for sharing. I was discharged in 9/15 from CH13. I got a Cap 1 quicksilver right away and two months later I got a Cap 1 Platinum and Venture 1. I am looking to build some better scores and purchase a car in April-June time frame so I hope to have some success with auto loans then. I appreciate hearing your experience with Carmax and Roadloans.