12-15-2010 01:36 AM
Join Stephen Snyders life after bankruptcy weekly new letters.. he is very imformative and I have used his advice and it works. of course he has things that you can purchase to help you along the way but they are all good tools.. ... he also answers questions that you need answers to ..
01-03-2011 04:17 PM - edited 01-03-2011 04:20 PM
I certainly didn't find this (card even if you burned them) to be the case for me--with Cap1 that is. They sent me three different pre-approvals post BK--one in my maiden name and two in my married name, and both times I tried to get the actual card they denied me after I went online and applied. The good news with that was the letters that they sent advised that the denial was based on them just running my name, not my SSN, so the inquiries don't count. I was a bit teed off because I really want a second post BK cc to continue to raise my score, but don't want to suffer the inquiry hit it might cost me to get one.
I know there are a TON of horror stories out there about them but First Premier Bank offered me a cc with a $700 limit, post-bankruptcy, unsecured. I've treated it well and they are now---8 months later, extending me a second card, but....I don't wanna suffer that inquiry hit! I suck. LOL.
Anyway, I wish you all the best. I'm not too far removed from where you are now. Been there for sure.
*Edited for clarity.
05-10-2013 12:04 PM - edited 05-10-2013 12:06 PM
My BK 7 discharged Nov, 2009. I want to get a mortgage. I have nad no late payments, bought and paid off 3 cars, have 1 secured credit card and a credit score of 680 TU and 668 EQ. What banks are BK friendly mortgage banks and is FHA my best bet? p.s. My score dropped from 700 to 660 when I closed a credit card that charged a yearly fee. My score should go up since I obtained a secured credit card and have a 0 balance on a $1000 credit limit. Also, my debt to income is onl 10%
thanks, great forum
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO