Re: what doors will open 5 years out of bk?
04-24-2012 03:59 PM
No I don't need another credit card.....well technically..lol...I just want a major credit card wih a higher limit.. When you go to a hotel for vacation for instance you have to give your credit card to pay for the room of course but they also hold a per night charge and sometimes that can get high. I also like to have it for a buffer in case I go low on cash.
I don't really need a car loan yet. My car is probably good for a couple more years. My car loan is still on my credit reports but is paid off though and shows paid.. I got the car loan of course before my bankruptcy.
I want the personal loan for some household projects. I also thought it would add to my "credit mix" is the phrase think they use.
I didn't check with a credit union.. I have to join one..I already have a checking and savings account so I am just going to open another savins account with them just to get in the door. I was told however by a friend that the loans you can get from a credit union is based on how much money you have in with them .."Which kind of would defeat my purpose of taking out a loan if I had that much money in my account....I mean I wouldn't need a loan if I already had that much..
Do you know if that is so?
My scores are around 660
Also you asked in an earlier reply what cards I claimed in my bankruptcy. I included 3 Chase cards 2 Citibanks and 1 Discover card and some store cards. Some of which were GEMB..so I am kind of reluctant to apply for a GEMB card .
thanks for your info too!