Hi all,
I just wanted to give you an update on my situation. I filed CH 7 in March 2009 and it was discharged in July 2009. I had really good credit before the filing, I just did not have the income to keep making $800 per month payments on card balances that were not decreasing and even though I tried to work with the creditors to get interest reductions, I was not successful. So, I had to do what I had to do.
Prior to filing, I already had a Chadwicks and Dress Barn account before with $1100/$600 CL's but 0 balances so I did not have to include in my CH 7. I use these cards for about $50 at a time. Since that time, I have begun the rebuilding process with a NFCU secured card $500 limit obtained in 9/09, Orchard Bank $500 limit unsecured obtained in 10/09, and a Credit One card $300 limit obtained in 9/09. My husband has me on his Walmart card as an AU for $500 limit and I use it to grocery shop but pay if off immediately when I get home.
Today, I checked my Credit One account and see that I was given a $150 increase in my limit to $450 without me even having to ask. I was pleasantly surprised. Though it is not much, it is a BIG deal for someone in the rebuilding process. I have used up to $250 of the previous $300 limit twice but paid it off immediately after the purchase. Otherwise, I use $20-$40 each time I use the card and I pay it off immediately.
Credit One may not be the best card in the world and I absolutely hate that $5.75/mth fee, but they are giving me a chance. Just wanted to provide some encouragement for others.
Be blessed!
The only reason I keep my CO is because they don't charge any fees for out of country purchases.
