topic Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside in Credit Card Approvals

Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

sphinx313 — Sun, 28 Apr 2024 22:07:31 GMT

Hey All,

Exactly 5 years to the day that I FILED for BK7, not discharged, I received the approval below after checking the pre-approval link. Burned them for $5,000. FICO 8's via MyFICO are: EQ: 684 TU: 679 EX: 678. Less than 10% util currently and technically ~4% once payments hit the bureau's. I have had the most structured rebuild possible, and my scores feel kinda low given all the details, but I think it will change drastically at the end of this year because all of the lates from before the BK will fall off entirely due to 7 years. Hoping I can hover around 740-760 until my BK goes away but still have 5 more years for that.

Hope this info helps someone!

Edit: Sorry, some more info: Income: $130k. Have mortgage ($180k remaining), car loan ($30k remaining), and about 10 CC's but most unused and the 4-10% util is all 0% interest cards.

Screenshot 2024-04-28 at 5.37.34 PM.png

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

coreyb80 — Sun, 28 Apr 2024 22:30:24 GMT

Congrats on the approval!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

Zoostation1 — Sun, 28 Apr 2024 22:32:55 GMT

Congrats on the approval! I burned Discover for roughly $3k and also got back in, but it was 9yrs after DOFD and 4yrs after filing. Since it was my first card in the rebuild I had to start with a secured card.

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

JoeRockhead — Sun, 28 Apr 2024 22:41:05 GMT

Nice SL, congratulations on your approval!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

keekers — Sun, 28 Apr 2024 23:46:59 GMT

Congrats; thanks for the DPs.

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

NoMoreDebt — Mon, 29 Apr 2024 10:17:34 GMT

Congrats

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

user979797 — Mon, 29 Apr 2024 12:44:22 GMT

Congrats to you on being able to gain approval again with Discover. Thank you for the data points as well. I have been discharged over 6 years now I burned them for 12K and still can't even get a secured card due to "prior account status" so i continue to wait but it is strange how it varies so greatly for each person when it comes to getting back in with Discover.

Glad you did and Congrats again

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

sphinx313 — Mon, 29 Apr 2024 13:14:15 GMT

Thank you! That is why I share/think the DP's are very important. I can tell you I applied even without the pre-approval a few months back and was declined. The more data we collect, the more we can understand....maybe $10K is their "you're dead to us." amount? We can only know if we share! I am happy to be back in with them as it is somewhat of a staple card - and I am going to BURN UP that 100% cash back match, lol.

I didn't burn AMEX, but they still won't have me. Chase will not either. Those are the painful ones but I have over $100K in credit without them.

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

Rdbeetle — Mon, 29 Apr 2024 16:39:08 GMT

Congrats on getting back in with Discover!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

cashorcharge — Mon, 29 Apr 2024 17:57:47 GMT

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

BigBS — Tue, 30 Apr 2024 02:16:36 GMT

Congrats on the approval!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

CorpCrMgr1 — Wed, 01 May 2024 00:39:18 GMT

Congratulations on your approval!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

Zoostation1 — Wed, 01 May 2024 01:45:13 GMT

@sphinx313Amex is 5yr1mo post BK before they will consider you if you didn't burn them. I was approved for $5k on a BCP just under 5yr3mo from filing BK7. 15mo in they won't give me a CLI though, which is typical (there have been very few DPs of CLI success before a BK falls out, it's rare).

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

FicoMike0 — Wed, 01 May 2024 02:09:42 GMT

Congratulations, nice c l !

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

CreditAggie — Fri, 03 May 2024 04:03:03 GMT

Congratulations on your Discover approval!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

GetBackInTheGarden — Fri, 03 May 2024 13:08:23 GMT

Noice!! The comeback continues.

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

sphinx313 — Fri, 03 May 2024 14:33:39 GMT

Well, I screwed up, lol! Since the Amex DP, I decided to try my luck and was approved for Gold with the 80,000 points, so I backed out and tried the platinum but the points were low, so tried to get gold but now it auto declined because I "rejected an offer in the last 30 days." Maybe next month!

Re: Discover IT Approval - 5yr post Ch.7 - Burned - DP Inside

ScenicRouteTo850 — Fri, 03 May 2024 15:13:33 GMT

Congrats on getting back in with Disco and a nice SL!