12-11-2012 06:45 PM
My very first post!
I filed for Chapter 7 in 3/12 and it was discharged at the end of June. I got approved for an orchard bank card ($300) a few weeks before BK. I went app crazy but was denied so many times. After a few months of just being nervous with all the denials I tried for a Captial one and got approved for $300 credit limit and was automatically approved for the steps programs.Customer service rep said after using and paying the card for five straight months by 7th statment it will reflect a $500 cl. I did not have a checking account due to being reported to Chex Systems but did manage to open one up in October. I have never been late on my Orchard but have utilized close to limit many times. Finally putting my effort to get back on track in order to purchase a home by 2015.
Before bk my credit score was about 526 (transunion) and 516 (equifax) and 503 (experian) I work for the accounting/collections dept at my job and we use Equifax so my boss pulled my report for me.
Now Im 576 (trans) and 566 (eq)...
Should I just work these two cards for the next few months or try for a secure card as well? I dont want to keep applying for stuff and getting denied.My student loans are deferred but starting in March my deferment ends so hoping that moves the points upward. What can I do to keep the momentum going or should I just garden for now?
12-11-2012 08:21 PM
Welcome to the forums first off! This place will help you a lot. I think right now you should garden for a bit, maybe a year.. Just make sure to keep at or below 9% util and always be on time. Is everything reporting correctly from the BK? Now would also be a good time to make sure it is Take a look at the how to 700 etc thread it will be great info.
12-12-2012 07:03 AM
If you want to clear your checksystems record you need to fax them a copy of your discharge papers. They wiped out my whole report, PM Me.
12-12-2012 09:19 AM - edited 12-12-2012 09:22 AM
I'd like that information too if you don't mind. Will that work on Telecheck as well?
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.