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Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008

Can we start a new BK Friendly List of CC?

Honestly the ones posted on this forum are outdated and many of them are non exhistent in 2012 such as Tribute, Orchard, and HSBC. I currently have one cc with Capitol One, and I am having the hardest time getting any other cc approval. My BK was dishcharged last July so that is the only thing holding me back. I'm not sure where else to apply? Maybe I need to wait until my BK is older. I checked my equifax score today and it stands at 628.

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Starting Score: 472
Current Score: 628
Goal Score: 680


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Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Can we start a new BK Friendly List of CC?

Probably should sticky this after it compiles some.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008

Re: Can we start a new BK Friendly List of CC?

I agree because the current llist we have is from 5 YEARS AGO! Very outdated.

-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Regular Contributor
Weights
Posts: 154
Registered: ‎09-20-2012

Re: Can we start a new BK Friendly List of CC?

Unfortnately, I'm not really sure.  I've heard of Barclays sometimes approving someone a year or two post BK through the backdoor number, given that they've established a good history after the BK via secured credit card, no new collections, etc. The only ones I know of which are ok with bankruptices, unfortunately, are Crap One, HSBC, and Orchard's. You might try Fifth-Third as well; a good friend of mine obtained a secured account with them 2 months after chapter 7 BK, and was promised a conversion to an unsecured account if he builds a good year of history with them.  One I can tell you to avoid for sure is US Bank; they pretty much told him that even with their secured card, they almost never approve someone w/a bankruptcy on record. Makes you wonder why they even offer it.....Good luck to you! 

Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: Can we start a new BK Friendly List of CC?

A BK from last July is pretty fresh. You need to let that BK age.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008

Re: Can we start a new BK Friendly List of CC?

That was what I was afraid to hear. I just talked to NFCU and they say they offer a sceured cc and a secured loan. I may try that option.

-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012

Re: Can we start a new BK Friendly List of CC?

For me, BK discharged 2/10.  

 

Received Cap1 secured 9/10

 

Unsecured Cap 1 and Orchard (now Cap 1) 9/11

 

8/12 - Target, Barclays, Merrick, Walmart

 

9/12 - JCP

 

My score in 9/11 was 520, now has been in the mid-high 600s. Don't know what it was in 2010. Probably lower than 500. 

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: Can we start a new BK Friendly List of CC?


shalane85 wrote:

That was what I was afraid to hear. I just talked to NFCU and they say they offer a sceured cc and a secured loan. I may try that option.


Take it. A secured CC and loan from CU is an excellent way of rebuilding credit.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Established Contributor
aussiesareforever
Posts: 739
Registered: ‎10-04-2010

Re: Can we start a new BK Friendly List of CC?

There is a thread currently running in the BK section. I think it is titled BK friendly creditors.

 

Barclay is BK friendly. They like to see at least one positive tradeline that is six months ago. Be prepared to call to recon. I doubt that you will be automatically approved. Discover is also BK friendly. They also like to see positive tradelines on your reports post BK but they've been known to issue cards as early as a year post BK. GE bank also tends to be BK friendly. My favorite recommendation is your local credit union. Definitely take the NFCU offer!

 

As always, YMMV

BK in 2008, after making very stupid financial decisions.

Barclay's Apple Financing Card ($6400) --- Capital One Quicksilver ($10,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)

FICO Scores: TU 735 EQ 709 EX 740 (Feb 2013, all pulled by lender)

Established Contributor
compassion101
Posts: 559
Registered: ‎06-06-2012

Re: Can we start a new BK Friendly List of CC?

[ Edited ]

From my experience:

 

Friendly:

CapOne

GE

Barclays

Discover

 

Unfriendly:

AMEX

Chase

BOA

 

I got approvals from barclays and discover recently, both were 8 years post-BK. Pretty sure I burned discover in the BK too.

 

Had denials from chase and AMEX a year ago listing the BK as reasons. Had burned chase but not AMEX, fortunately got into chase through a backdoor. Also denied 8 years post BK from BOA who I had burned.

 

 

 


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