topic Re: My Rebuild thread in Bankruptcy

My Rebuild thread

Anonymous — Tue, 21 Feb 2017 18:16:06 GMT

I thought I would add my story to this board. I think it helps to have community during this process. I moved from the Midwest to a Northwest resort town for work, and to get closer to family. I wasn't prepared for the huge increase in living expenses, though. Starting out with debt from the move, it spiraled until I was using student loans to make minimum payments on my CC's and I decided something had to give. Tried to cash out my 401k (ill-advised!), but they wouldn't let me, so I filed Ch7 in Nov 14. One of the worst days of my life. I have still never missed a payment on any card; I always took good care of my credit. We took a year off credit cards after discharge (Feb '15) to make sure we had our finances in order. I was approved one year post-DC for a QS1. I gardened that and my wife's $14k Venture (she apped a few months later, she only has one derog and the PR on her CR) for a year, then I read this board and realized I need a bit more RC for my score to increase. I also realized our utilization has been too high, which I'm working on fixing.

Last week, I got approved for DiscoverIT at $7500. I used online chat (and Discover as leverage) to get my QS1 transferred into a QS at $6500. I apped for a secured card from BoA (we really want the AK siggy), but was denied. I reconned and was told it was being sent to the manager, but she said it should go through since I'm 2 years post DC and it's fully secured. I'll know in 3-5 days. Either way, I'm planning on gardening for a while after this app spree.

Burned in my BK:

WF, Citi, local CU, Barclays Frontier card, AMEX (costco)

Goals: We are working on our scores so we can buy a new house if we decide to (we currently own, kept it in the BK). We also want the AK siggy so we can save up for a vacation together. Currently, we are sitting just under 700 with all three, hers are higher than mine, she might even be 700+ with an agency or two.

Anyways, that's me! Pleasure to read all your stories, as well.

Re: My Rebuild thread

Scupra — Tue, 21 Feb 2017 18:38:41 GMT

Thank you for sharing! I really love these "rebuild threads" as it gives everyone motivation. It really does help to see what others have gone through.

Re: My Rebuild thread

AkiraTakamedo — Wed, 22 Feb 2017 03:18:54 GMT

I'm jealous of you guys with your large limits, my two CapOne cards (QS1 and Platinum) are only $1600 and $2000 respectively.

Re: My Rebuild thread

Scupra — Wed, 22 Feb 2017 04:05:55 GMT

You will get there! My first two cards had lower limits than that

Re: My Rebuild thread

Anonymous — Wed, 22 Feb 2017 05:49:19 GMT

I had two CLI on the QS1. I think it started at 3k. DW and I couldn't believe it when she was approved for 14k...But I guess that's Cap One for you!

Re: My Rebuild thread

Anonymous — Thu, 23 Feb 2017 16:50:52 GMT

Another thing is that my Citi Sears card is on zero of my CB reports. I wonder how that happened (not that I'm complaining!).

Re: My Rebuild thread

Anonymous — Tue, 28 Feb 2017 18:23:48 GMT

Approved for BoA secured! Now to the garden for a year!

Re: My Rebuild thread

AverageJoesCredit — Sat, 04 Mar 2017 01:23:45 GMT

Akira, no need to be jelly, im sure somewhere someone's lovin your 1600 and 2000 , Like Scupra says in time those limits will rise

Sass, great story, congrats on the Boa, see ya in the garden