04-30-2013 12:26 PM
04-30-2013 01:29 PM
I'd do a secured card somewhere else for a second tradeline.
Better to establish a diversity of lenders honestly; not sure how BK friendly BOFA is (probably not at all but I don't know specifically), but you may want to look into something like SDFCU which has an excellent secured card and doesn't do a credit check either for membership or for the secured card application.
There's other lenders which would be likely too, but right now I'd recommend just picking up any 2-3 tradelines and start building positive history post-BK.
04-30-2013 02:01 PM
04-30-2013 02:03 PM - edited 04-30-2013 02:10 PM
04-30-2013 02:05 PM - edited 04-30-2013 02:05 PM
Yeah I'd love to do that but cap one is the only oneI that I know of that will do lower deposits for a Secured card....
We are ecstatic that they approved unsecured but just want to get a few good TL's reporting
Good point, most deposits run in the $250-300 range minimum. If you only have $50 to work with, get the Cap One secured and go on with life. Then maybe add another lender when your finances support it.
It will do everything you actually need in your current situation: namely, another tradeline that you can demonstrate credit-worthiness post-BK. Multiple lenders is desirous, but not required honestly.
04-30-2013 02:06 PM
04-30-2013 02:15 PM
I've always heard BOFA is extremely unfriendly towards BKs. Might I recommend a store card? Walmart has been really successful for some people, but really, wherever you shop frequently.
04-30-2013 02:56 PM
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.