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 .
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.