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Secured Card Before Ch. 7 Discharge

Regular Contributor

Secured Card Before Ch. 7 Discharge

Is there such a thing?  I'm in a sticky situation where I will need to be travelling soon for work and then possibly moving in a couple months.  I need to rent a car when I am there, so I don't know what to do.  I was supposed to be discharged on 8/5/13, but the trustee extended it until November.

 

Any help would be appreciated!

04/01/10 - TU: 659 / EX: 648 / EQ: 601 (LO Scores)
2/25/10 - EQ 588 / EX 660 (LO) / TU 633
2/9/10 - EQ 567 / EX 585 / TU 601
1/12/09 - EQ 544 / EX 570 / TU 593
12/12/09 - EQ 536 / EX 555 / TU 582
11/13/09 - EQ 536 / EX 586 / TU 566
11/03/09 - EQ 540 / EX 544 / TU 574
07/18/06 - EQ 478
Message 1 of 13
12 REPLIES
Moderator Emerita

Re: Secured Card Before Ch. 7 Discharge

You might get a better response if you post this in the BK Forum.
Message 2 of 13
Regular Contributor

Secured Card Before Ch. 7 Discharge

I had this in the CC forum, but was told it would be better here.  

 

Is there such a thing?  I'm in a sticky situation where I will need to be travelling soon for work and then possibly moving in a couple months.  I need to rent a car when I am there, so I don't know what to do.  I was supposed to be discharged on 8/5/13, but the trustee extended it until November.

 

Any help would be appreciated!

04/01/10 - TU: 659 / EX: 648 / EQ: 601 (LO Scores)
2/25/10 - EQ 588 / EX 660 (LO) / TU 633
2/9/10 - EQ 567 / EX 585 / TU 601
1/12/09 - EQ 544 / EX 570 / TU 593
12/12/09 - EQ 536 / EX 555 / TU 582
11/13/09 - EQ 536 / EX 586 / TU 566
11/03/09 - EQ 540 / EX 544 / TU 574
07/18/06 - EQ 478
Message 3 of 13
Frequent Contributor

Re: Secured Card Before Ch. 7 Discharge


movinonup79 wrote:

Is there such a thing?  I'm in a sticky situation where I will need to be travelling soon for work and then possibly moving in a couple months.  I need to rent a car when I am there, so I don't know what to do.  I was supposed to be discharged on 8/5/13, but the trustee extended it until November.

 

Any help would be appreciated!


No. Wait till your discharge is complete before applying for any credit. Getting approved is nearly impossible without discharge and you don't want your trustee potentially finding out you opened new credit pre-discharge. Thrifty will alllow you rent a car with a debit card. Try that instead. At discharge. you should read soulmaster's thread in the BK forum 700 fico in 24 months. 


Starting Score: 501
Current Score: 754 EQ,TU 745,EX 750
Goal Score: 800

Message 4 of 13
Regular Contributor

Re: Secured Card Before Ch. 7 Discharge

I moved it, but now I can't figure out how to delete.  Maybe if a mod sees this, please delete!  Thank you!

04/01/10 - TU: 659 / EX: 648 / EQ: 601 (LO Scores)
2/25/10 - EQ 588 / EX 660 (LO) / TU 633
2/9/10 - EQ 567 / EX 585 / TU 601
1/12/09 - EQ 544 / EX 570 / TU 593
12/12/09 - EQ 536 / EX 555 / TU 582
11/13/09 - EQ 536 / EX 586 / TU 566
11/03/09 - EQ 540 / EX 544 / TU 574
07/18/06 - EQ 478
Message 5 of 13
Established Contributor

Re: Secured Card Before Ch. 7 Discharge

No.  You cannot apply or use credit in any way between filing and discharge of a ch7.  At a minimum, you'll get your case thrown out... At max, they hit you with bankruptcy and/or bank fraud.

 

You can rent a car with a debit card.  I lived on debit for years before I finally filed.  Officially, there is nothing you "need" a credit card for.

 

-SM

I am not an attorney and none of what I write should be construed as legal advice. For legal advice please consult an attorney.

Starting Score: ~470 preBK(8/2010)
Current Scores as of Late January 2016 All 700+. Last CR pull from a lender(housing) was mid-score 749.
Goal Score: 700+ - reached.
Message 6 of 13
Moderator Emerita

Re: Secured Card Before Ch. 7 Discharge

I requested the move for you. I would say do nothing until you receive your discharge. If you must, get a pre-paid card. Amex has a nice one.

Good luck
Message 7 of 13
Regular Contributor

Re: Secured Card Before Ch. 7 Discharge

Thank you Lexie!  I never thought of the prepaid option.  

04/01/10 - TU: 659 / EX: 648 / EQ: 601 (LO Scores)
2/25/10 - EQ 588 / EX 660 (LO) / TU 633
2/9/10 - EQ 567 / EX 585 / TU 601
1/12/09 - EQ 544 / EX 570 / TU 593
12/12/09 - EQ 536 / EX 555 / TU 582
11/13/09 - EQ 536 / EX 586 / TU 566
11/03/09 - EQ 540 / EX 544 / TU 574
07/18/06 - EQ 478
Message 8 of 13
Frequent Contributor

Re: Secured Card Before Ch. 7 Discharge

I answered you in the CC forum. 


Starting Score: 501
Current Score: 754 EQ,TU 745,EX 750
Goal Score: 800

Message 9 of 13
Frequent Contributor

Re: Secured Card Before Ch. 7 Discharge

movingonup79 just a piece of advice on my situation that I had. I filled out all my paper work to enter bk7 on dec 2011 and in January of 2012 the very next month I applied for and was approved for a cap 1 secured card. I haven't had my discharge or even my 341 meeting yet. So it is possible to get a credit card prior to to discharge  would I recommend it probably not. I was even able to secure a car loan but that was after the 341 meeting.

 

From what  I read you shouldn't get any type of credit until after the 341 meeting. In my case I hadn't even found this site yet so I didn't know.

Message 10 of 13