Reply
Frequent Contributor
Posts: 316
Registered: ‎04-07-2012
0

Is Discover BK friendly??

I have a relative with a discharged BK from 2005 looking to do a balance transfer. Has anyone had success obtaining a Discover card with a BK reporting?

Established Contributor
Posts: 839
Registered: ‎10-28-2011
0

Re: Is Discover BK friendly??


PrettyNPink wrote:

I have a relative with a discharged BK from 2005 looking to do a balance transfer. Has anyone had success obtaining a Discover card with a BK reporting?


I apped in April 2012....No due to BK..........I called for a recon and no dice....they were not included in the BK.....I am going to try at the 8 yr mark......

 

Good luck and let us know


Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Is Discover BK friendly??


PrettyNPink wrote:

I have a relative with a discharged BK from 2005 looking to do a balance transfer. Has anyone had success obtaining a Discover card with a BK reporting?


AFAIK they are not. YMMV of course, but its best to have BK 8+ yrs old with good TL's reporting.

 




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
Posts: 270
Registered: ‎10-04-2009
0

Re: Is Discover BK friendly??

They are, at least for many people.

 

Not quite 3 years post discharge, and I have a $3,000 line and they've been very good to me.

Established Contributor
Posts: 759
Registered: ‎10-04-2010
0

Re: Is Discover BK friendly??

I wouldn't call them "friendly", in the sense of Capital One, who will approve most everybody with a BK reporting.

 

Discover won't say no just based on the BK alone. At least that was what I was told by their customer service rep. They look at your whole credit picture. If you search these forums, there are many people that have gotten a discover card post BK. As early as 1 year after BK. I decided to go the Barclay route cause I wanted a decent credit line and I wasn't sure how much Discover was going to offer me.

 

YMMV as always but you (or your relative) won't know unless you apply.

BK in 2008, after making very stupid financial. decisions.

Barclay's Apple Financing Card ($8400) --- Capital One Quicksilver ($13,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)--- Discover IT ($5000)

Valued Contributor
Posts: 2,512
Registered: ‎11-11-2010
0

Re: Is Discover BK friendly??

[ Edited ]

amercnchopz34 wrote:

I apped in April 2012....No due to BK..........I called for a recon and no dice....they were not included in the BK.....I am going to try at the 8 yr mark......


Generally, you want a BK that is at least 3 years old. Discover wants a very old BK.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (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
Posts: 316
Registered: ‎04-07-2012
0

Re: Is Discover BK friendly??

It's been 8 years since the BK occurred. She has a new car loan in her name through Nissan and a credit card accounts in good standing. Does it matter which card she applies for? 

Regular Contributor
Posts: 209
Registered: ‎02-08-2013
0

Re: Is Discover BK friendly??

aussiesareforever. I realize this is an old thread, but can you tell me exactly what Barclays card you applied for or which you believe would provide the highest CL ( Barclaycard, NFL, etc.). I am 6 years post BK with a TU 696 and EX 659. My highest CC now is CapOne = $1500 (9 mo's), so I would like somehing much higher if possible. I have good income and zero utilization. I also have 3 other smaller CL cards, but all recent over the past 6 months. No inquires last 4 months.

 

THANKS


Current Score: EX: 718, EQ: 715, TU: 720
Goal Score: EX: 750, EQ: 750, TU: 750

Take the myFICO Fitness Challenge
Established Contributor
Posts: 635
Registered: ‎07-29-2010
0

Re: Is Discover BK friendly??

[ Edited ]

My mom got approved with Discover right before Christmas with a BK7 from 2004 reporting. Approved for $5500 CL.

 

All her IIB accounts are gone and she has many good TL's with no lates. Her score is in the low 700's now.

 

Also important to note that she burned Discover in that BK. So she apparently wasn't blacklisted with them.

Discover IT $30K | FNBO Visa $25K | Citi Forward (grandfathered 5x Restaurants!) $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $15K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Southwest Premier $7.8K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity AMEX $7K | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Younkers/Comenity $2.4K | AMEX BCE $3K | Target $1K | EX FICO (from AMEX): 762, TU08 FICO (from Discover): 763, AAoA: 4.3 years
Established Contributor
Posts: 569
Registered: ‎02-11-2013
0

Re: Is Discover BK friendly??


aussiesareforever wrote:

I wouldn't call them "friendly", in the sense of Capital One, who will approve most everybody with a BK reporting.

 

Discover won't say no just based on the BK alone. At least that was what I was told by their customer service rep. They look at your whole credit picture. If you search these forums, there are many people that have gotten a discover card post BK. As early as 1 year after BK. I decided to go the Barclay route cause I wanted a decent credit line and I wasn't sure how much Discover was going to offer me.

 

YMMV as always but you (or your relative) won't know unless you apply.


Wow.. you've found Cap One to be friendly?? 

 

I've had 2 CC with them for 13 years, one with a 500.00 CL and the other with a 300.00 CL.. I've NEVER EVER been late with them.. My Fico is 703 and I can't get them to increase my CL.. In fact I even have a $30,000.00 brokerage account with them that i've had for 7 years, and still they won't do anything because they say the cards I have are cards that they don't accept customer requested CLIs.. So I said fine, issue me a brand new card, they did a hard pull only to come back and tell me that you can't have more than 2 credit cards under them... Seriously.... I know it's crazy..  I sent a letter today to the CEO telling him i'm pulling my 30k brokerage account from them and they won't get my 115k I have in TRowe Price.. Waiting to hear back.. But I have found them to be completey crazy..  BTW, I just got approved for a Discover IT card this week with a 5k limit... Cap One not soo good..

 

$30,500$18,500NPSL$15,000$10,000$25,000$32,000
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.