I understand that some creditors are a complete 'no-go' after bankruptcy so long as the bankruptcy is still reporting. Some creditors are only a 'no chance in heck' if you included them in the bankruptcy. Is there a list anywhere of which is which?
For instance, I was approved for a Capital One Journey recently, but never included them in bankruptcy. I was also approved for a couple different store cards administered by WFNNB. I was declined by Barclay's Barnes and Nobles with bankruptcy listed as the only reason. I never had any account with Barclays, so apparently bankruptcy is a no-go even if you didn't include them in bankruptcy.
If there isn't already a list, maybe it would be helpful to have one. Obviously individual credit scores, inquiries, utilization and so on will still have an impact on approval. But, it would be nice to know if a creditor just does not lend to those within 5 years of a bankruptcy discharge. It's easy enough to compare average approved credit scores on a number of sites, but harder to find a breakdown for whether or not bankruptcy was a primary factor.
Capital One: Okay post bankruptcy (perhaps not if IIB)
WFNNB: Okay post bankruptcy (Perhaps not if IIB)
Barclays: Decline, reason bankruptcy (3 years after bankrupty discharge)
Starting Score: 615 EQ (03-15-2012) 600 TU (03-21-2012 Barclays app) USAA Fako 598 Vantage 639 (03-15-2012) Transrisk 616 (03-15-2012) Ch.7 discharged 5/2009
It's always a YMMV thing.
I included C1 and got an unsecured NHCR 6mo after 7 discharge, included Barlcays(apple card) and got a new Apple card 13mo after discharge. Also, got a Discover More 11 months post discharge (did not incl Disco in BK).
The only one of those things that should be possible is the C1, but in most cases, it's secured.
This game is whack.
-SM
I did not include Capital One but was able to receive an unsecured a month after filing. I'm afraid to app for the Barclays Apple. We included Barclays Black Card in BK, but it was only in my wifes name so maybe I may have a chance. Do they keep your info as an AU? Does that automatically disqualify me?
COMPANY CREDIT LIMIT TIME SINCE DISCHARGE CHAPTR WAS A CREDITOR PREV INCLUD BK
Orchard 300/now 420 1 month 7
Cap One 1000/now 1500 2 months
NAV FED 1500/now 3500 10 months
Hooters 300/still 300 3 months
Cap one Auto 24000 11 months
Wells Fargo Auto 20000 11 months
Chase Auto 22000 11 months
Barkleys Appl DENIED/BK7 10 months
BOA Secured DENIED/BK7 7/9 months
Discover (IK) DENIED/BK7 10 months
*I am right at the 1 year mark from Chptr 7. All balances (except the 9000 car loan) are $0. Scores are FICO TU 646 EQ 642 Exp 649 (from there site, could be fako). Inq approx 7-8 ea.
I hope that this is helpful but, please remember, YMMV.
shorrttyycm1 wrote:COMPANY CREDIT LIMIT TIME SINCE DISCHARGE CHAPTR WAS A CREDITOR PREV INCLUD BK
Discover (IK) DENIED/BK7 10 months
No ****Was told by rep that I could be approved with more history since?****
I hope that this is helpful but, please remember, YMMV.
This is helpful....this give me hope that I may stand a chance in a few months with Discover - August will mark my 3 year since BK 7 filing.
Thanks
K
