Reply
Established Member
crazyatthebeach
Posts: 10
Registered: ‎02-09-2008

Re: BK Friendly Credit Cards Listed

My BK was discharged on 11/07, Since then I have 3 credit cards. They are.
1.HSBC- $500.00 CL  39AF  APR IS 14.99%
2.HOOTERS-$1000.00 $0 AF  APR IS 18.99%
3.ADDISON AVENUE  CREDIT UNION
 (SECURED) $500.00 $0 AF APR IS 10.9%
This is all one needs to help rebuild their credit after bk. You have 3 new lines $2000 cl. Keep the utilization around 30% thats $600.00 and pay in full each month, and watch the credit scores sore. Please watch out for those helper fee credit cards, dont bother or get sucked in, just ignore them please....  and limit your credit inq. 
 
Member
liz28
Posts: 17
Registered: ‎01-22-2008

Re: BK Friendly Credit Cards Listed

THAT'S what I'm talking about...less is more when it comes to the number of cards. :smileyvery-happy:
Liz
Established Member
mrcnyce
Posts: 10
Registered: ‎08-05-2007

Re: BK Friendly Credit Cards Listed

Hey All,
 
Does anyone know if BOA is BK friendly? I was looking to apply for their Secured Visa Card. My BK has been discharged since 12/2003. What's my chances are getting approved?
 
Thanks,
CNyyce 
Regular Contributor
ash4557
Posts: 196
Registered: ‎07-25-2007

Re: BK Friendly Credit Cards Listed

It depends on a number of factors. Go to their pre-app website and see if they offer you anything. It will not show up on your credit reports. Just a soft pull. Use this link...
 
 
If you are really lucky you'll end up with the 99/500 card. Thats hot...
 
 
 
Established Member
mrcnyce
Posts: 10
Registered: ‎08-05-2007

Re: BK Friendly Credit Cards Listed

Thanks for the information Ash4557. i will do that....:smileyvery-happy:
Established Member
crazyatthebeach
Posts: 10
Registered: ‎02-09-2008

Re: BK Friendly Credit Cards Listed

I would go to a credit union like Addison Avenue, better rates...  Boa I would stay away from.
New Member
pennygirlal
Posts: 4
Registered: ‎02-28-2008

Re: BK Friendly Credit Cards Listed

I'm not sure where to post this information, but I filed BK in 2002. I started trying to repair my credit. Got a letter in the mail for a seminar in Bham, went to the seminar and bought the book, think it was about $30 for the book, seminar was free. The seminar is hosted by a guy named Stephen Snyder and it literally changed my life. I am going to sound like an ad for the guy but I swear, I was already kicking myself when I started reading the book.
 I filed because I had gotten hit with a judgement for my ex-spouse's car/ nasty divorce and and I found out the HARD WAY that you can't divorce and joint obligations and he left town with the car...I got the collection calls & bills.
 
I tried for a couple of years to salvage my credit during the divorce, was in an accident & coudn't work for several months. What I found out from reading the book is that I should NOT have waited, I should have filed immediately before my scores went way down & I had collections.
If you are considering bankruptcy, get any books you can find by the guy, they have them on ebay now. He has one book titled Life After Bankruptcy and a new one I haven't gotten yet called Improve Your Credit Scores, Improve your life" or something like that.
I subscribe to his email newsletters at www.lifeafterbankruptcy.com/subscribe
and the information there is invaluable for people who are considering or who have filed bk and also for anyone who wants to improve their score. My scores are in the 685 range, trying to break the 700 mark. .  My husband who had no credit history when we met (bad divorce and hadn't used credit in like 8 years) has GREAT credit and scores in the 720-730's or more.
Thanks to Stephen we've got each got a mortgage in our name, both with low rates, credit cards & our credit union financed our cars at a low rate. We each get cc offers, loan offers, etc galore and our scores just keep edging up.  Read anything you can get your hands on by this guy, get his emails and go through his archived emails, it is the real deal. If I had gone to the seminar immediately after filing I'm sure my scores would be close to 750 by now. If he has a seminar in your area, GO.
Yes, he obviously makes money on his knowledge, but without the knowledge I rec'd from him, my life would be a lot harder!
Frequent Contributor
bott6698
Posts: 491
Registered: ‎06-26-2007

Re: BK Friendly Credit Cards Listed

thanks for this post. i have no bkty but i had bad credit and today after using myfico help i increased my ex from 502 to 578 in 45 days!  today i was approved for orchard with 300.00 line...
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice
Senior Contributor
Sylviatob
Posts: 4,596
Registered: ‎09-14-2007

Re: BK Friendly Credit Cards Listed

Congrats bott! A good card to start building your credit. But IMO it should be considered a "temporary" card, as it will not grow with you as you continue your success .

But through always paying on time, every time, keeping your utilization low, it WILL lead to better cards, better cl's etc. :smileyhappy:
"Never ever, ever be late. Never" (FUTR)
Frequent Contributor
bott6698
Posts: 491
Registered: ‎06-26-2007

Re: BK Friendly Credit Cards Listed

Thanks Silvia I plan not to use it more than 10% utl and paying in full every month so I can JUST use this card to rebuild my credit. I really want to hit the 600 mark by summer so I can go car shopping and I think besides getting a few more baddies off my report which I will be dispuiting still  this is my option to get thst goal.
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice

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
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+