topic Are they BK friendly credit unions? in Bankruptcy

Are they BK friendly credit unions?

ShiningDown — Sat, 10 Dec 2016 01:54:38 GMT

Please comment on the credit unions I have listed here. On fico I have heard that they are BK friendly. If you can share your experience with any of them I would like to hear about it! Unify/Western, Nasa, Penfed, Affinity federal credit union, Apple federal credit union, Langley federal credit union

Re: Are they BK friendly credit unions?

Anonymous — Sat, 10 Dec 2016 04:07:57 GMT

I didn't have any joy with NASA. They didn't like the BK on my report so they declined a CC.

I had luck with NFCU though...

Re: Are they BK friendly credit unions?

ShiningDown — Sat, 10 Dec 2016 04:25:35 GMT

To DriverMacGyver How long after Bk did they decline you and if you don't mind asking what was your score and utilization?

Re: Are they BK friendly credit unions?

Anonymous — Sat, 10 Dec 2016 05:05:13 GMT

@ShiningDown wrote:
To DriverMacGyver How long after Bk did they decline you and if you don't mind asking what was your score and utilization?

Last month! My scores are low 600s and utilization is <1%. I'm sure it was a timeline thing. Like they don't extent credit until 24 months or something.

Re: Are they BK friendly credit unions?

ShiningDown — Sat, 10 Dec 2016 06:36:22 GMT

Thanks for the info. I had BK discharge 3/2016 I am right behind you. Good luck!

Re: Are they BK friendly credit unions?

holmesnmanny — Sat, 10 Dec 2016 13:03:20 GMT

sdfcu will unsecure yours in 1 year and they have a 6 percent secured card, same apr as their regular card,

first national bank will send you a check at 11 months or so with no lates,

cabela's will likely give you an unsecured visa at 7 months post bk

YES, there are many BK friendly credit unions ! ! ! !

Anonymous — Sat, 10 Dec 2016 17:59:08 GMT

* included is a post I made in October to Baller's Credit Union Thread, whose link is included below.

There is MUCH info on the Credit Union thread, but because the focus wasn't about BK's, many who had them didn't annotate it in their posts. However, the Thread is RICH in info on CU's and individual situations, to include many CU's across the 48 continental united states.

Also, I specifically used the Search Function box to do much research on specific cc vendors, and BK info.

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Official-Credit-Unions-Guide/td-p/4768788/page/4

* * * * * * * * * * * * * * * * * * * *

As you can see I joined this site in March 2016, and in seven months have made some forward progress.

After extensive research of this site and note taking, I developed a strategy & plan for a rebuild from a Ch 13 Bk. I joined all four of these credit unions before my Discharge Order in May 2016, and patiently moved forward. The only change to my plan was to make Pen Fed my first CC application. It was automatically denied, but approved immediately after a Recon. My experience with all of the vendors I have listed, have been both easy & positive, no complaints.

1) Navy - unsecured CC

2) Pen Fed - unsecured CC

3) Alliant - checking, secured loan

6) State Department - secured CC

* B of A - unsecured CC

* Wells Fargo - secured CC

Currently I am standing pat on applications, but might app Alliant for a CC if offered their legendary bonus points offer. However I will wait on them. Additionally, Capital One is on my list, but am in no rush to apply, as I am allowing both Pen Fed & Navy to offer CLI opportunities. I will also app for an unsecured SDFCU once my score is 700+, which his within striking distance. Then move on Wells for an unsecured card, at that point as well.

I made a plan, and am sticking with it.

Thanks Baller !!!

* * * * * * * * * * * *

I have since received an $8,000 CLI from Navy on a soft pull post AR (internal account reveiw)

Re: Are they BK friendly credit unions?

baller4life — Sat, 10 Dec 2016 20:18:01 GMT

Thanks Sebastian! 😉

Re: YES, there are many BK friendly credit unions ! ! ! !

Anonymous — Sat, 10 Dec 2016 23:16:50 GMT

@Anonymous wrote:

* included is a post I made in October to Baller's Credit Union Thread, whose link is included below.

There is MUCH info on the Credit Union thread, but because the focus wasn't about BK's, many who had them didn't annotate it in their posts. However, the Thread is RICH in info on CU's and individual situations, to include many CU's across the 48 continental united states.

Also, I specifically used the Search Function box to do much research on specific cc vendors, and BK info.

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Official-Credit-Unions-Guide/td-p/4768788/page/4

NICE! I typically avoid the Credit Card Applications area because it inspires me to get a little click-happy Great thread though. Going to binge read now...

Re: Are they BK friendly credit unions?

Scupra — Mon, 12 Dec 2016 19:47:24 GMT

NASA requires you to be 2 years post d/c with new revolving history to look at - don't bother though, just run

Re: Are they BK friendly credit unions?

baller4life — Tue, 13 Dec 2016 14:10:33 GMT

Yup! 😃

Re: Are they BK friendly credit unions?

bk510 — Sat, 24 Dec 2016 11:05:41 GMT

@Anonymous wrote:
I didn't have any joy with NASA. They didn't like the BK on my report so they declined a CC.

I had luck with NFCU though...

NASA approved me for 8K with BK7 reporting.

Re: Are they BK friendly credit unions?

sjt — Mon, 26 Dec 2016 17:27:19 GMT

Most credit unions are BK friendly.

Re: Are they BK friendly credit unions?

Taoron — Mon, 26 Dec 2016 22:09:43 GMT

Baxter Credit Union / BCU

If you live in Chicagoland area (or work for one of the below companies) or even have a family member who is part of this credit union, give them a try. They are great. The best part (my favorite part) is no fees to have accounts with them AND direct deposit 2 days early-- and very generous as well. They are very kind and having a good relationship with them would be a good key to your financial future.

Allergan Medical Optics
Althoff Industries
Archdiocese of Chicago
Astellas
Baxalta
Baxter Healthcare
Baxter Credit Union
Beckman Coulter
Boston Scientific
Bowe Bell & Howell
Brunswick Corporation
Cardinal Health
Carefusion
CVS Health
Catalent Pharma Solutions
Catamaran
CDW
Centegra Health Care
Coopervision
Corsolutions Medical
Curran Group, Inc.
Deloitte & Touche
Edwards Lifesciences
Ellman International
Encompass Group
Faulding
Fenwal, Inc.
Fresinius (FMC)
GFX International
GGP
Global Healthcare Exchange
HMS Capital, Inc.
Hospital La Concepcion
Hospital Menonita
Hospital UPR
Infac India Group
Integra Neurosciences
Intralase Corp.
IPA Omega
ITW
Knaack, LLC
Komatsu
Lake Forest Graduate School of Management (Staff, Faculty, Current Students)
Lifewatch
LSI
Marshall Reddick Seminars, Inc.
Medassets, Inc.
Medline Industries, Inc.
Migrant Healthcare Center
Navilyst Medical
Neoforma
Neurosource
Nexell Therapeutics
Palliative Carecenter & Hospice of the North Shore
Physiotherapy Associates
Prime Coat
Quill Corporation
Rexam Medical Packaging
Reyes Holdings
Rust-Oleum Corporation
Sage Products
Scotsman Ice Systems
Seguros Multiples
Segway
Signode Industrial Group, LLC
Snap on Incorporated
Stryker Corporation
Sunrise Medical, Inc.
Target (Team Member or Contractor)
Thermometrics
Trammell Crow
Trustmark
Verizon California, Inc.
Watlow Company
Zimmer Caribe, Inc.