Re: What is your post Chap 7 BK Fico?[ Edited ]
01-27-2012 03:04 PM - edited 01-27-2012 03:58 PM
My scores are now in my signature.
As you can see I've come a long way and am real happy with where I'm at. I've really been diligent and worked hard to get my scores back to a good place considering the BK. So let me be a support and hope for anyone in the early stages or even considering BK that there is life and CREDIT CARDS after BK. I started about 6 months or so out of BK with a couple of low profile, low credit limit and annual fee cards from HSBC. They were at least unsecured though! I caught a huge break in 2007 and got a no annual fee WAMU MC with a remarkable $12000 limit. I believe it was because they were not a bank I owed anything in my BK with and I had just opened up a checkings and savings account with them. Now I did get scared to death when CHASE bought them as I actually had a couple of Chase cards in my BK but they honored the card (they did lower my limit to $9400 but that's still plenty). Used those cards super dilgently always paying on time and then "gardened" mostly out of fear that I was going to press my luck too much. Then I came to this board again and read and got educated on BK friendly cards/banks and in the last month took the plunge and applied for the Target Red Card and the Barclay's Travelocity AMEX. I'm happy and proud to report I got approved for both INSTANTLY! That 10 seconds waiting at the Target check out was excruciating but got approved with a $1000 limit! From what I hear, that's a very good starting credit limit for a Target Red Card. Confidence running high, badly wanted an AMEX to purchase items at COSTCO and you can't deny there's a little extra status when it comes to AMEX. Read here that bank branded AMEX cards like the Barclay's Travelocity were a little easier to get, plus I had no Barclay's accounts in my BK but had like 3 AMEX cards. So went to the Barclay's website and applied. Instant approval for $4000! I even got the NO ANNUAL FEE one! I'm sky high right now! I'm back in the AMEX world! I'm going to garden for a while but that's purely by choice and strategy this time!
My next big day is going to be October of this year when it will have been 7 years since my BK. That should mean that minus the BK showing on the "Public Records" page on my CC reports, all the other late payments, negatives and "derogatory descriptions" from the BK should fall off. We'll see and I'm as curious as all of you to see what kind of boost that gives my scores. Can I dream all of them in the 710 to 720 range maybe? I'm hoping 2012 is going to be magical!
Anyways, in my first attempt to offer support, I can share with you that the Barclay AMEX pulled my TU report. That hard pull dropped me from 697 to 693.
My next tidbit is that I'm able to get my Experian Fico score because I bank with Chase/WAMU and at least when I signed up they ran a offer that allowed you to get your Experian FICO score free every month or so BUT it only gives you a 10 point range and it is from 2 or 3 months behind. So my Experian fico score was for/from November 2011.
My last piece of info today is that obviously I had very good success with credit cards from banks that I had no history with in my BK.
HSBC no accounts from my BK - Approved for 2 cards - (1) Best Buy branded MC $1700 CL and (2) standard HSBC platinum MC $2K CL
WAMU no accounts from my BK - Approved for Platinum Rewards MC with $12K CL (Now converted to a Chase Rewards MC with a $9,400 CL)
BARCLAY no accounts from my BK - Approved for Travelocity AMEX with $4K CL
TARGET RED CARD no account from my BK - Approved for $1000
I'm not sure it's a rule but it was a formula that worked well for me.
If I could be of any help to you in the BK/Credit Card world, PM me or post, I owe this website and forum a lot so it's the least I can do. I don't post a lot, but I've read and researched a ton. My stats are like 5 post and 1000 posts read!
Current Score: EQUIFAX 706
Current Score: EXPERIAN 712
Current Score: TRANS UNION 722
BK in 10/2005