Re: List of bankruptcy friendly creditors?
08-03-2012 12:17 PM
Filed Jan 2011, discharged Jun 2011. Lost job and stopped paying August 2008.
Discover Card $10,000 (judgement Dec 2010. Stopped reporting judgement Jan 2012 (EX, EQ) TU currently reporting. All 3 CBs reporting T/L.)
Chase Bank CC: $20,000 (charge off Dec 2009)
BoA: $25,000 (Charge off Jan 2010)
Simmons (ARK): $5,000 (Judgement Dec 2010, stopped reporting the judgement and T/L Nov 2011.)
WFHM (primary house): $130,000 first mortgage, $30,000 2nd Mortgage NOT reaffirmed
WFHM (vacation house): $95,000 first mortgage, $10,000 2nd mortgage NOT reaffirmed but foreclosure. Foreclosure did not report
Citi: (personal loan): $10,000 (Charged off Jul2010)
1) Apped Cap1 Jul 2011 (one month after discharge) Approved C/L $500 unsecured. Increased to $750 after 9 monthly payments.
Pulled Credit Nov 2011 Low 500s. Began clean-up. I had deliquent S/Ls, Tax Lein, 2 judgements, 1 foreclosure (Foreclosure did not show up at anytime)
2) Applied Orchard Bank APR 2012 Approved $1500 Unsecured
3) Applied for new car APR 2012 with Cap1 Auto Finance. Approved for $25,000 @ 8.9%. Ally Financial came in at 6.9% so I took that.
Cap1 called me May 2012 with another offer $30,000 @ 6.9% but I did not take. I told her that if she could go down to 5.9%, I would take it. They declined.
4) Apped Walmart Jul 2012 (myFICO EQ 671) Denied due to "Bankruptcy on file". I called for a recon, and the Indian speaking woman said, "whatever the letter says"
I'm thinking because I put Discover IIB, I get penalized
4) Apped Barclays Apple Financing Jul 2012 approved $2000 C/L unsecured.
So 13 months after discharge: $4250 in unsecured credit and $21,000 car loan.
Ex-wife was joint on all accounts. She filed the same day as we used the same attorney.
She did not have any deliquent S/L. Nor did she have a tax Lein. Otherwise she has the same credit file as mine.
I handled her re-building process and duplicated what I did. I make $85K and she makes $30K
Apped Cap1 Jul11 (denied due to BK on file)
I put her as AU on my approved Cap1. Cap1 is reporting this T/L on her report.
Apped Orchard Bank (Cap1) Feb12 (denied due to BK on file)
Apped Cap1 Apr12 approved $500 C/L
Apped Cap1 Rewards Jul2012 approved $3000 C/L unsecured
Apped Barclays Apple Jul 2012 approved $2000 unsecured
MyFICO: EQ 679, TU 659 (Jul 2012). Her myFICO EQ jumped to 689 due to approved Cap1 Account
Her story 14 months after discharge: $5700 unsecured C/L. Im trying to get her to co-sign my auto loan so she will get the T/L on her report.
So far, BK7 was the single best event I ever did to help myself. It took me about 3.2 seconds to "get over" the shame but I did. The Ex wife is having a little more difficult time with the shame.
MyFICO May2013: EQ=701, TU=708, EX=705 (Lender Pull).
MyFICO March13: EQ=680; TU=677
MyFICO 09JAN13: EQ & TU = 677) 2 years after filing BK7, 18 months after discharge in Jun2011
MyFICO (09SEP12: EQ 677; TU: 670) 16 months after discharge BK7.
Myfico (JUL12: EQ 671) 13 months after BK7.