topic Re: My rebuilding story in Bankruptcy

My rebuilding story

Anonymous — Thu, 30 Jun 2016 13:56:59 GMT

Hi everyone! I've posted before but wanted to give my story/update.

Filed BK Sept 2015 and took a while to come up with the money for the BK7. Finally filed Jan 2016, 341 creditor meeting was 2/13/2016 and discharged on 4/13/2016.

We were going to keep two vehicles we financed originally but ended up surrendering them. Was able to get 2 car loans. We now own a 2013 Passat and a 2012 Nissan Maxima. Beautiful cars, low miles and fully loaded. Had to put some money down on both but this helped my credit score boost. The interest is a little high but I work at CU so I will be refinancing after I"ve made a few payments.

Applied for a Credit One card and was approved for a CL of $400. Last week after making a payment, I got an email saying I got a CL increase of $200.00 so now my CL is $600.

Not sure what my next steps are but as of today, my EX is 561 and my EQ is 661- not sure how or why both scores have a 100 pt difference but I'll take it!

So for anyone discouraged, there is hope after filing a CH 7, just be patience and monitor your scores closely.

Melissa

Re: My rebuilding story

armymom — Thu, 30 Jun 2016 15:10:02 GMT

Did you include Capital One in your BK? If not try their prequalifier. The are very BK friendly. If they were included wait about six months and try.

Re: My rebuilding story

Anonymous — Thu, 30 Jun 2016 15:21:09 GMT

Yes we did burn them pretty badly. I haven't tried them yet though.

Re: My rebuilding story

Anonymous — Thu, 30 Jun 2016 22:16:05 GMT

Congrats on the approval and thanks for sharing.

Re: My rebuilding story

Vegas4Play — Fri, 01 Jul 2016 10:07:30 GMT

Congrats to you in getting through the process and good luck with your rebuild.

Re: My rebuilding story

Anonymous — Sun, 03 Jul 2016 15:19:48 GMT

melbueno wrote:
Hi everyone! I've posted before but wanted to give my story/update.

Filed BK Sept 2015 and took a while to come up with the money for the BK7. Finally filed Jan 2016, 341 creditor meeting was 2/13/2016 and discharged on 4/13/2016.

We were going to keep two vehicles we financed originally but ended up surrendering them. Was able to get 2 car loans. We now own a 2013 Passat and a 2012 Nissan Maxima. Beautiful cars, low miles and fully loaded. Had to put some money down on both but this helped my credit score boost. The interest is a little high but I work at CU so I will be refinancing after I"ve made a few payments.

Applied for a Credit One card and was approved for a CL of $400. Last week after making a payment, I got an email saying I got a CL increase of $200.00 so now my CL is $600.

Not sure what my next steps are but as of today, my EX is 561 and my EQ is 661- not sure how or why both scores have a 100 pt difference but I'll take it!

So for anyone discouraged, there is hope after filing a CH 7, just be patience and monitor your scores closely.

Melissa

Congratz

and wonderful achievement with your Patience!

Re: My rebuilding story

Guyatthebeach — Sun, 03 Jul 2016 17:08:00 GMT

@Anonymous wrote:
Hi everyone! I've posted before but wanted to give my story/update.

Filed BK Sept 2015 and took a while to come up with the money for the BK7. Finally filed Jan 2016, 341 creditor meeting was 2/13/2016 and discharged on 4/13/2016.

We were going to keep two vehicles we financed originally but ended up surrendering them. Was able to get 2 car loans. We now own a 2013 Passat and a 2012 Nissan Maxima. Beautiful cars, low miles and fully loaded. Had to put some money down on both but this helped my credit score boost. The interest is a little high but I work at CU so I will be refinancing after I"ve made a few payments.

Applied for a Credit One card and was approved for a CL of $400. Last week after making a payment, I got an email saying I got a CL increase of $200.00 so now my CL is $600.

Not sure what my next steps are but as of today, my EX is 561 and my EQ is 661- not sure how or why both scores have a 100 pt difference but I'll take it!

So for anyone discouraged, there is hope after filing a CH 7, just be patience and monitor your scores closely.

Melissa

Congratulaions on your CLI.

Have you tried joining Navy Federal or PENFED yet? I posted a way to join you aren't military that is 100% legal.

Don't worry about your EX score because I had the same issue. A year or so after my discharge, my scores increased nicely.

Guyatthebeach