To cetch everyone up to speed I had 19 personal credit cards with 105k total limit. I had 0 balance on all cards.
My company failed which I personally guarenteed an business Amex and and a merchant account.
Thus my reason to file chapter 7 bk strictly due to business debt. No chance to pay it off.
I had had 3yrs of paying off all monthly balances on my personal cards every single month.
Citi 3 cards (1 Shell gas) Thank you + America airlines)
USbank 3 credit cards (1 still secured) Platinum + Flex rewards)
Bank of America 2 cards (Platinum Plus + Alaska Airlines)
Chase 2 cards (Sapphire + BP visa)
Barclays 2 cards (Platinum Rewards and Fronteir Airlines Rewards)
Capitol one Platinum
I filed BK with a credit score of 730 in June. Dischage came in Dec 2013.
Today I started some credit apps and only capital one came back with anything. $2k My credit is 685 after BK and thats the worst of the top 3 reporters.
Tried Amazon, Barclays apple and frontier, Citi thank you.
Other then Amex I didnt have any other credit card on my BK
Anyone have any ideas on more cards. My score of 685 is pretty good after BK right?
Unfortunately, shooting out all those apps (And therefore taking a bunch of INQ's) just sort of hosed up your rebuild.
It doesn't really matter (to the banks) why you filed BK or what was included/not. You're lumped into the same bucket as the rest of us... so, what I'd recommend is to go read the 7 to 700 guide.
It looks like you got approved for the CapitalOne, so I'd go get the CreditOne to put yourself back on plan. Then you have an 11-12 mo wait before you get anything else. In the meantime, you've got to stop apping. The key to a successful BK rebuild is patience.
$2k was the Capitol One today. Where do I find the 7-700 guide?
What is CreditOne? Is that also by Capitol One?
Yeah, I re-read and found the CapOne (and edited my post).
The guide is here:
It's been used by hundreds of people and works every time.
CreditOne is a different bank. Link is in the guide.
Fixed the link