topic Re: 2 years discharged... BK13 in Bankruptcy

I'm back... 3 years post Ch 13 discharge

TRC_WA — Tue, 29 Mar 2016 15:55:33 GMT

In other news, today marks 2 years since I was discharged from my Ch 13 plan after 4 years. Seems like yesterday. I sent my $1900 payoff to the trustee in mid-Feb 2013 and got the discharge 5/7/13.

Rebuilding hasn't been all that difficult... I started the next day with my first CC and it went like this...

new accounts opened May - December 2013

CapOne Plat $1000 - now a $4000 QS1

Paypal Credit $300 - now $4500

CapOne QS1 $500 - now $2750

Best Buy $1800 - now $3500

Care Credit $7500 - same (I've never asked for a HP CLI)

BECU VISA $7000 - now $10,000

Walmart $600 - closed December 2014

Barclays Apple $2200 - closed December 2014

Chevon $600 - closed December 2014

76 $600 - closed December 2014

new accounts opened December 2014 - March 2015 after gardening from December 2013 til December 2014

AmEx Delta - $5000

Sallie Mae - $6700

Discover - $1500 now $2000

Nordstrom - $2500

CapOne Venture - $10,000

Sam's Club MC - $2500

All were instant approval other than Discover which required identity verification... Gardening does work.

I also bought a used car in May 2013 which I traded for a new car in January 2015. I'm currently carrying some 0% 12-18 month thru 2016 CC debt which has my UTI around 20%. I should have most of it paid off by the end of 2015...

April 2016 is the target date when everything falls off. Early Exclusion pushes those dates to October 2015 for TU and January 2016 for EX and EQ. There have been reports of +/- 1 month with the EE removal so I'm gonna definitely give it a try.

FICO scores on 5/7/13 were 630's across the 3 CRA's.

5/7/15

EQ: 674

EX: 687

TU: 666

These scores are still being weighted down by the BK13 public record and a dozen IIB accounts and to a lesser extent my 20% CC UTI. I am expecting a boost to 750+ across the board when everything falls off.

I will update this thread in another 5-8 months and we'll see how close I was with my score predictions. I'm gardening with no plans to app for anything other than an auto refi until everything falls off my reports.

Re: 2 years discharged... BK13

Scupra — Thu, 07 May 2015 20:40:39 GMT

Great job rebuilding TRC, you have some nice cards on the mix! I will be here waiting to see what happens to your scores when your IIBK accounts fall off! Thanks for putting your journey into a thread for people to learn from

Re: 2 years discharged... BK13

Anonymous — Thu, 07 May 2015 23:08:00 GMT

Good job!! It is time to celebrate in the speed lane with that sweet ride of yours. Don't get a speeding ticket though

Re: 2 years discharged... BK13

TRC_WA — Fri, 08 May 2015 03:55:47 GMT

@Anonymous wrote:
Good job!! It is time to celebrate in the speed lane with that sweet ride of yours. Don't get a speeding ticket though

Don't worry I won't.

Re: 2 years discharged... BK13

Anonymous — Fri, 08 May 2015 06:25:44 GMT

Awesome job. Thanks for all your contribution to this site. It definitely helps us just starting out.

Re: 2 years discharged... BK13

04Cobra — Fri, 08 May 2015 09:56:14 GMT

Great job on the rebuild! It's a great feeling isn't it?

Re: 2 years discharged... BK13

TRC_WA — Fri, 08 May 2015 12:56:39 GMT

@Anonymous wrote:
Awesome job. Thanks for all your contribution to this site. It definitely helps us just starting out.

You're welcome.

Back when I filed I didn't know anything about how the system worked... and just researching it over the years led me to this site so I try to pass on what I've learned.

@04Cobra wrote:
Great job on the rebuild! It's a great feeling isn't it?

Yeah it is. Feels pretty good but I'm only rounding 3rd base right now... got a few more months to go till I reach the summit.

Re: 2 years discharged... BK13

Anonymous — Fri, 08 May 2015 13:10:14 GMT

@TRC_WA wrote:
@Anonymous wrote:
Good job!! It is time to celebrate in the speed lane with that sweet ride of yours. Don't get a speeding ticket though

Don't worry I won't.

Oh good!!

Re: 2 years discharged... BK13

Anonymous — Mon, 11 May 2015 17:05:47 GMT

What is gardening?

Re: 2 years discharged... BK13

Scupra — Mon, 11 May 2015 17:09:41 GMT

@Anonymous wrote:
What is gardening?

Gardening is simply not applying for anything and letting your acocunts/inquiries age.

Re: 2 years discharged... BK13

TRC_WA — Mon, 11 May 2015 17:48:38 GMT

@Scupra wrote:
@Anonymous wrote:
What is gardening?
Gardening is simply not applying for anything and letting your acocunts/inquiries age.

Yep... and is a pretty good test of patience.

Lot of people claim it's difficult, but it really isn't for me. My 2014 gardening session led to the CC approvals (all instant other than a Discover identify verification) in December 2014 and new car in January 2015... and after opening new accounts in March I'm officially back in the garden for a minimum of 6 months.

I plan to refi my car this fall once my TU report is clear... which if all goes according to plan will be Oct 1st... 6 months to the day since I jumped back into the garden.

Re: 2 years discharged... BK13

silverbimmer04 — Mon, 11 May 2015 17:55:56 GMT

Good Job TRC_WA on your rebuilding ! I'm in the process as well in restoring my credit profile and improving my scores.. You're right, it does take time and diligence, plus patience

Re: 2 years discharged... BK13

silverbimmer04 — Mon, 11 May 2015 18:18:18 GMT

Thanks for the kudos.. I sent you a private message ..

Re: 2 years discharged... BK13

pizza1 — Sat, 16 May 2015 14:10:18 GMT

@TRC_WA wrote:
In other news, today marks 2 years since I was discharged from my Ch 13 plan after 4 years. Seems like yesterday. I sent my $1900 payoff to the trustee in mid-Feb 2013 and got the discharge 5/7/13.

Rebuilding hasn't been all that difficult... I started the next day with my first CC and it went like this...

new accounts opened May - December 2013

CapOne Plat $1000 - now a $4000 QS1
Paypal Credit $300 - now $4500
CapOne QS1 $500 - now $2750
Best Buy $1800 - now $3500
Care Credit $7500 - same (I've never asked for a HP CLI)
BECU VISA $7000 - now $10,000
Walmart $600 - closed December 2014
Barclays Apple $2200 - closed December 2014
Chevon $600 - closed December 2014
76 $600 - closed December 2014

new accounts opened December 2014 - March 2015 after gardening from December 2013 til December 2014

AmEx Delta - $5000
Sallie Mae - $6700
Discover - $1500 now $2000
Nordstrom - $2500
CapOne Venture - $10,000
Sam's Club MC - $2500

All were instant approval other than Discover which required identity verification... Gardening does work.

I also bought a used car in May 2013 which I traded for a new car in January 2015. I'm currently carrying some 0% 12-18 month thru 2016 CC debt which has my UTI around 20%. I should have most of it paid off by the end of 2015...

April 2016 is the target date when everything falls off. Early Exclusion pushes those dates to October 2015 for TU and January 2016 for EX and EQ. There have been reports of +/- 1 month with the EE removal so I'm gonna definitely give it a try.

FICO scores on 5/7/13 were 630's across the 3 CRA's.

5/7/15

EQ: 674
EX: 687
TU: 666

These scores are still being weighted down by the BK13 public record and a dozen IIB accounts and to a lesser extent my 20% CC UTI. I am expecting a boost to 750+ across the board when everything falls off.

I will update this thread in another 5-8 months and we'll see how close I was with my score predictions. I'm gardening with no plans to app for anything other than an auto refi until everything falls off my reports.

Youve done very well, and it will be interesting to see the score change later when this happens. I would guess 760+

Re: 2 years discharged... BK13

TRC_WA — Tue, 07 Jul 2015 14:31:29 GMT

@TRC_WA wrote:

AmEx Delta - $5000
Sallie Mae - $6700 with hopefully an auto CLI coming at statement #7 in a couple weeks
Discover - $1500 now $2000
Nordstrom - $2500 now $4500 with hopefully a VISA conversion coming soon
CapOne Venture - $10,000 now $13,000
Sam's Club MC - $2500

FICO scores on 5/7/13 were 630's across the 3 CRA's.

5/7/15

EQ: 674
EX: 687
TU: 666

These scores are still being weighted down by the BK13 public record and a dozen IIB accounts and to a lesser extent my 20% CC UTI. I am expecting a boost to 750+ across the board when everything falls off.

I will update this thread in another 5-8 months and we'll see how close I was with my score predictions. I'm gardening with no plans to app for anything other than an auto refi until everything falls off my reports.

Still rolling along on my way to deletion... I've picked up a couple CLI's and am waiting to see what happens with Barclays Sallie Mae in a couple weeks.

Synchony still hates me as always... refuses to give a CLI on my Sam's MC.

Updated scores with a few more months to go until EE has everything falling off my reports:

Re: 2 years discharged... BK13

savingmoney87 — Tue, 07 Jul 2015 15:01:01 GMT

Wow, It seems we have had the same bad month! I'm in the same boat! Our scores are very similar. I feel what's bringing my scores down is that some of my IIB accounts are reporting incorrectly. It's to the point I just got fed up and said I'll wait until they just fall off. Such as Past Due Amounts, Late Payment 90+ throughout the entire BK from file date to Discharge date. A lot of them mysteriously appeared with the 90 day lates at the time of discharged. Somehow some of my accounts that were IIB became reported as charge offs. I've tried disputing it and they just keep coming back verified. I hope that our scores go up by then. My util is only 3% currently. So I think that is wayyyy lesser extent. I'm sometimes kind of jealous of chapter 7 rebuilders because the tend to rebound quicker; however, Im dreading the 7 years let alone 10! So envy shuts down real quick. Great Job on your Rebuild and I look forward to hearing your report in 5-6 months!

Re: 2 years discharged... BK13

TRC_WA — Tue, 07 Jul 2015 15:08:12 GMT

@savingmoney87 wrote:
Wow, It seems we have had the same bad month! I'm in the same boat! Our scores are very similar. I feel what's bringing my scores down is that some of my IIB accounts are reporting incorrectly. It's to the point I just got fed up and said I'll wait until they just fall off. Such as Past Due Amounts, Late Payment 90+ throughout the entire BK from file date to Discharge date. A lot of them mysteriously appeared with the 90 day lates at the time of discharged. Somehow some of my accounts that were IIB became reported as charge offs. I've tried disputing it and they just keep coming back verified. I hope that our scores go up by then. My util is only 3% currently. So I think that is wayyyy lesser extent. I'm sometimes kind of jealous of chapter 7 rebuilders because the tend to rebound quicker; however, Im dreading the 7 years let alone 10! So envy shuts down real quick. Great Job on your Rebuild and I look forward to hearing your report in 5-6 months!

Oh I do too... but the consolation prize is I don't have to look at the PR on my reports for 3 extra years. My UTI is around 20%... I'm carrying 0% balances so don't mind sacrificing a few points for that interest rate. I wouldn't worry about the IIB accounts... I've given up trying to figure it out. EX is my highest score but yet it's the only CRA that has continued to report payment history. All my reports are the same other than number of INQs on each... and TU is my lowest score. EQ actually has more INQs than TU though. Doesn't make a lot of sense but it is what it is.

Nice opening line of the sig BTW... you are the 2nd person that has copied mine.

... and thanks. Good luck to you too.

Re: 2 years discharged... BK13

savingmoney87 — Tue, 07 Jul 2015 16:12:53 GMT

@TRC_WA wrote:
@savingmoney87 wrote:
Wow, It seems we have had the same bad month! I'm in the same boat! Our scores are very similar. I feel what's bringing my scores down is that some of my IIB accounts are reporting incorrectly. It's to the point I just got fed up and said I'll wait until they just fall off. Such as Past Due Amounts, Late Payment 90+ throughout the entire BK from file date to Discharge date. A lot of them mysteriously appeared with the 90 day lates at the time of discharged. Somehow some of my accounts that were IIB became reported as charge offs. I've tried disputing it and they just keep coming back verified. I hope that our scores go up by then. My util is only 3% currently. So I think that is wayyyy lesser extent. I'm sometimes kind of jealous of chapter 7 rebuilders because the tend to rebound quicker; however, Im dreading the 7 years let alone 10! So envy shuts down real quick. Great Job on your Rebuild and I look forward to hearing your report in 5-6 months!
Oh I do too... but the consolation prize is I don't have to look at the PR on my reports for 3 extra years. My UTI is around 20%... I'm carrying 0% balances so don't mind sacrificing a few points for that interest rate. I wouldn't worry about the IIB accounts... I've given up trying to figure it out. EX is my highest score but yet it's the only CRA that has continued to report payment history. All my reports are the same other than number of INQs on each... and TU is my lowest score. EQ actually has more INQs than TU though. Doesn't make a lot of sense but it is what it is.

Nice opening line of the sig BTW... you are the 2nd person that has copied mine.

... and thanks. Good luck to you too.

Yeah, it's weird what makes one CRA freak doesn't even budge for another. I think I got the Siggy idea from you TBH! You Done started a Trend!!!

Re: 2 years discharged... BK13

TRC_WA — Tue, 07 Jul 2015 16:26:47 GMT

@savingmoney87 wrote:

Yeah, it's weird what makes one CRA freak doesn't even budge for another. I think I got the Siggy idea from you TBH! You Done started a Trend!!!

I know you did.

It's pretty easy after creating something yourself to spot it on someone else's profile. Not a huge deal though... I just went for something neat and easy to read.

Re: 2 years discharged... BK13

TRC_WA — Tue, 07 Jul 2015 16:57:57 GMT

Another update:

I decided to request a SP CLI on my QS1 cards... last CLI was 6 months ago on the older one...

Approved for a $1500 increase to $5500.

Of course, the other QS1 card that hasn't had a CLI in 11 months was denied. Guess I can't complain though... $21,250 in credit with CapOne.