06-14-2013 09:52 AM
06-14-2013 10:09 AM
Curious if anyone knows chances of getting these cards again after burning in chapter 7 bk :
Wal mart (ge capitol)
Home Depot (citi)
Comenity bank cards
GE is BK friendly.
Citi varies a lot, but probably a couple years after BK is discharged at least. If you have burned them in your BK, then don't bother applying with them.
No idea about newegg.
Comenity from what I heard, isn't BK friendly. Not entirely sure.
And it is entirely possible to get unsecured cards after BK. CapOne seems to be a good place to start.
I'm not too sure about the rest. Hopefully someone else can help.
06-14-2013 10:11 AM
Ok it might be possible to get unsecured cards but i guess they have the worst terms high annual fees and APR..
Again, not true. Sounds more like you are speculating on this without having a real understanding of what can actually be accomplished after bk.
OP, I say that YMMV with getting credit with those after you have burned them. Some people have been successful and others haven't. I burned Citi but they still gave me a Sears card but declined me for a Simplicity. As Lexie said, GE is forgiving and so is Cap1 but you should give it about 6 months out of bk before applying. The best place for you to start rebuilding is a CU that reports to all 3. My first card out of bk was from DCU with a $7500 limit, 8.99% and unsecured. That was in September just a few months after discharge. Since then I have gotten SDFCU with a $8k CL and my local CU with a $5K CL. I also have Discover, Chase (burned them as well), NFCU, Barclays, etc.
My point is that you CAN rebuild your credit, but not necessarily with those that you have burned in the bk for some years and that's why I say that YMMV. I couldn't believe I got a card from Chase but I did. Work on cleaning up your reports to the best of your ability. Get some GE cards and go from there.
06-14-2013 10:31 AM
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