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Synchrony approvals post-BK?

Regular Contributor

Re: Synchrony approvals post-BK?

6 months opened them up for me.
6/15 DC BK7, starting EQ FICO score 563

2/16 FICO EQ 661. TU 653, EX 660
Current CC Accounts: Capital One QS1 500; Overstock 1300; Care Credit 5000; Barclay Rewards MC 1300; JCPenney 3500; Amazon 3500; WalMart 3500; Target 500; PenFed Promise Visa 2000; PenFed CLOC 500; NFCU Flagship 12500; NFCU Platinum 8500; Credit One 1000.
Message 11 of 45
Member

Re: Synchrony approvals post-BK?

Hi, i was approved last week when i apply Amazon and Walmart (Same Day) 30 minutes interval.Discharged August 10 last year BK7 and include them in my petition,i burn Walmart,Amazon,B Republic,and Paypal.So that's like less than 6 months post DC when they let me back in.I only have 3 inquiries(TU)and 669 Credit Karma score when i apply

Message 12 of 45
Community Leader
Valued Contributor

Re: Synchrony approvals post-BK?

I am two years post discharge.  I have been able to obtain Walmart, Amazon and some others.  They would not touch me before then.  Each time it was a denial.  It's a YMMV thing.  I did burn them for JC Penney for a balance of around 300. 

Barclay Reward MC 750|Cabela's 1k|Capital One QS1 3.4k|
|Sony Card 3.5k|
Message 13 of 45
Valued Member

Re: Synchrony approvals post-BK?

I have been approved for Walmart, Amazon, chevron gas card but got the we will email you or decision for Lowes and Old Navy.  With that being said do you usually get approved?  Very nervous. We really need a new fridge ours is dying

Message 14 of 45
Regular Contributor

Re: Synchrony approvals post-BK?

I'm just shy of 2 1/2 years post discharge. I applied for three credit cards during my first 28 months post discharge. My credit card applications were each spaced out by 6 month intervals. Capital One was obtained a week after discharge, NFCU Cash Rewards was acquired 6 months after discharge, and Barclay Rewards was acquired approximately 1 year post discharge. After closing on my mortgage last month (29 months post discharge) I decided to go on a mini application spree. I applied online and was instantly approved for the Cap One Venture, NFCU Platinum, Neiman Marcus, and Lowes CC's (Synchrony Bank). The Lowes card was approved via my online application with a $1k starting CL. I immediately contacted the customer service representative and was approved for a $12k limit. I did not burn Synchrony nor any of the other banks through which I've applied and been approved for credit. I did have a Lowes card prior to discharge that was closed and paid as agreed. The information on this forum has provided me with a road map for rebuilding. I haven't nor plan to apply for credit without a reasonable idea that I will be approved. I've yet to be declined for credit as a result of being armed with the knowledge provided on this forum. 

Chapter 7 Discharge Aug 2013 Starting Score: Oct. 2013 EQ FICO 651
February 2016 EQ FICO 699 Mortgage 716
February 2016 TU FICO 688 Mortgage 738
February 2016 EX FICO 693 Mortgage 742
Cap One QS World MC $11k; Cap One Venture Sign VS $15k; NFCU VS Sign Cash Rwds $16.1k; NFCU Plat VS $11k; Barclay Rwds MC $2000; Lowes $12k; Neiman Marcus $2k; Barclaycard (AU) $24K; Discover (AU) $15.5k New Mortgage January 2016
GOAL 715 FICOs on ALL 3 CRs by OCTOBER 2016
Message 15 of 45
Established Contributor

Re: Synchrony approvals post-BK?

was approved first time i applied which was about 1 year.

 

amazon, lowes, wal-mart, paypal = around 10,000 total

credit rebuild started 01/01/14
$100k credit card goal achieved 10/01/17
now in the garden with $127k in credit cards
--------------------------------------------------------------------------------------------------
  $ 30,000          $ 25,500          $ 23,750              $ 9,000            $ 3,300            $ 1,800     

 
  $ 17,000          $ 10,000              $ 4,000            $ 2,300     
Message 16 of 45
Frequent Contributor

Re: Synchrony approvals post-BK?


tussking wrote:
I am 72 days post discharge. I have 5 bank credit cards (all unsecured). I applied for Amazon at day 61 - declined & Walmart day 68 - declined...Hope that helps !

 

Did you get your Venture with low scores, and did you get your QS1 with low scores?

 

I'm wondering how Capital One determines who gets the credit steps $300 limits, and who gets the nice starting limits.

Ch7 Discharge: 5/14/2016 | 8/15/2016 scores: EQ 631 | TU 624 | EX 641
Message 17 of 45
Frequent Contributor

Re: Synchrony approvals post-BK?

Got 2 Cap One cards days after discharge - $300 each. 4 months later got a $500 CLI on each. Yes once every bad dropped off my reports in Jan I was approved for Venture and QS. 

Discharged BK7 - 10.16.15
Current Fico8 - (7.15.17) EX - 659/EQ - 672/TU - 660
Total CL - $124,000.
Message 18 of 45
Valued Member

Re: Synchrony approvals post-BK?

For me, I was at 5 months post 7 discharge and after some success with Cap 1 and  Barclays ( heck , even a pre-approved SCT pop-up from Eddie Bauer)  I tried for the Amazon Store card and got the 'gong'.  Reason cited in email was "BANKRUPTCY PROCEEDING, CREDIT COUNSELING OR CREDITOR SETTLEMENT"  - FYI they Pulled from TU. I pulled the trigger too soon I suspect.

 BK7 Disc 9/15 10/15 Starting Scores EQ-571 | TU-528 | EX-572 ---> 12/17EQ-668 | TU-665 | EX-668


Amazon Store 5,000 * BarclayAppleRewards 5,200 * CapOne 4,750 * Discover 5,300 * Eddie Bauer 1,250 * HSN 2,450 * Kohls 2,500 * NFCU 15,000 * Walmart 5,000 * Wayfair 3,700 * Wells Fargo 2,100 Total CL 52,250 Util% 6%

Message 19 of 45
Established Contributor

Re: Synchrony approvals post-BK?

I got 3000 plat after discarge then another  i was up to getting 10,000 QS within a yea. 

 

I was spending and paying off 5000 per month on cap one cards.

credit rebuild started 01/01/14
$100k credit card goal achieved 10/01/17
now in the garden with $127k in credit cards
--------------------------------------------------------------------------------------------------
  $ 30,000          $ 25,500          $ 23,750              $ 9,000            $ 3,300            $ 1,800     

 
  $ 17,000          $ 10,000              $ 4,000            $ 2,300     
Message 20 of 45