02-12-2014 02:45 PM
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?
02-12-2014 03:06 PM - edited 02-12-2014 03:07 PM
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.
02-12-2014 03:07 PM - edited 02-12-2014 03:08 PM
$2k was the Capitol One today. Where do I find the 7-700 guide?
What is CreditOne? Is that also by Capitol One?
02-12-2014 03:10 PM - edited 02-12-2014 03:11 PM
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
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