Credit Card Center Advertiser Disclosure†
12-13-2011 08:54 AM
12-13-2011 09:12 AM
I am guessing that your scores are lower then you think with your BK discharged 11/2011, you could do the free trial perioed here at MyFico to get your score.
12-13-2011 10:06 AM
Walmart pulls TU, I would suggest going over to Transunion and getting a free report based on a recent denial (Do not buy the score) Go through that report and make sure accounts are reporting correctly and that accounts in BK do not show balances and lates after filing etc. If all accounts are reporting correctly then I would come back to MyFico.com and order your TU report here and get score also. I say go to TU first and get free report without score is in my experience when I came out of BK it took several months for me to get accounts reporting correctly.
Did you have GE backed cards in your BK?
When you got approved for Cap1 did they send you scores for the credit reports they pulled?
12-13-2011 10:07 AM
While I understand your frustration,I think you need to realize that with a big negative so fresh on your reports your options for new credit are very small right now and will remain slim for quite some time. In that regard, it doesn't matter whether Cap. One reports now or in a few weeks. It takes them a bit. You have nothing to lose at this point. I'd just wait and get a few months' payment history on the card before you apply for the next.
12-13-2011 12:57 PM
so I ordered my fico score- yuck . I have a lot of work to do. After reviewing my TU report I see I have some collections that will be falling off in the next 3 years so I guess I will just focus on my Cap One card and paying down my student loans for now and hope and pray that once these baddies start falling up my score will improve. No more credit apps for me for a long time!!! Thanks everyone for your replies!
12-13-2011 12:58 PM
I don't think I had any GE based accounts on my BK. I had Orchard and Target- all other stuff was not credit cards.
12-13-2011 01:26 PM
12-13-2011 01:48 PM
yes and if they were included in BK they will effect some prime banks but as they get closer to falling off they are not doing that much to your score.
I would pull Fico TU and if above 600 apply for Barclay Apple card and if denied call backdoor number and recon, they are excellent for that and many of us have had recent approvals with them!
12-13-2011 02:04 PM
With the BK being so new, I would let that age for a year or so. You can get a secured card with your local bank and it would only be 1 HP...Cap 1 could hit you up with 3 HPs and it would not make your CRs look any better. Banks going to see, new BK lots of new inquiries so you are going to get alot of doors slammed in your face.
Let the fire subside, wait 1 yr than hit up for a store card and most of those don't have AF. Than slowly hit up another app 6 months after that. Let your inquiries age at least 6 months between apps for any new cards down the road imo. It would look alot better in the eyes of these banks and you will eventually get your foot back in the door. Just be patience. You want 1 app = 1 new card and only way to do that is have patience and read up on myfico to stay focus.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.