topic Re: Rebuilding After BK - Deserve Credit Card in Bankruptcy

Rebuilding After BK - Deserve Credit Card

Anonymous — Fri, 12 Jan 2018 19:35:56 GMT

Hi all! Just over one year post filing here, D/C was in April 2017. I’ve been mostly focusing on correcting my spending habits, but recently have been starting to work on my credit rebuild. I just got a personal loan from a local credit union I belong to, but would like to add a credit card to the mix. I’ve received a couple prequalified offers from the predatory lenders. My credit union has offered a secured card that can graduate with good history. I’m still blacklisted from Capital One (have been checking prequalifier and also applying at random, no credit hits and always cites past delinquent accounts). I also burned Credit One so no dice there... however Credit Karma recently suggested a Deserve credit card. I’ve never heard of this company and they seem fairly new. I can barely even find reviews from others which seems odd. Anyone have any experience with them, or should I go with the credit union secured route?

Re: Rebuilding After BK - Deserve Credit Card

shadanat — Sat, 13 Jan 2018 01:36:52 GMT

I applied with them four months after discharge based on Credit Karma and the sole reason they gave was Public record or collection filed. I was able to get a secured card with NFCU and it's been a wonderful experience.

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Sat, 13 Jan 2018 19:13:10 GMT

Ahhh good to know! Maybe I’ll save the HP and just go secured for now... thank you for the feedback!

Re: Rebuilding After BK - Deserve Credit Card

pizza1 — Sun, 14 Jan 2018 00:21:23 GMT

Don't got with a lender no-one has ever heard of before. Ive been in the credit game for 25 yrs and never heard of them. I would check the Discover pre-qual and see if it offers you a set apr, and a congrats.

If so, Id go for it. They like thinner files with not a lot of credit, and folks have been getting approved post BK.

Re: Rebuilding After BK - Deserve Credit Card

shadanat — Sun, 14 Jan 2018 16:05:36 GMT

The were originally SelfScore, a company who focused on giving credit to international students who lacked access to traditional banking. They rebranded themselves as Deserve to focus on getting credit to millennials and Gen Zers.

I would compare them to the Ollo and Petal cards who target a specific group of people with a perk. There edu card pays for a Amazon Prime membership

Re: Rebuilding After BK - Deserve Credit Card

mannamay — Sun, 14 Jan 2018 17:06:13 GMT

Congrats on rebuiding. I am doing the same. The Discover secured card is good and you don't have to press one to talk to anyone. It's nice and has been wonderful to have.

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Mon, 15 Jan 2018 16:00:54 GMT

Thanks for the suggestions on checking with Discover - I’ll check their prequal page!

Re: Rebuilding After BK - Deserve Credit Card

totallymytravis — Fri, 04 May 2018 23:22:29 GMT

I applied today and got a 6-10 day message. Saw the ping on my EX report and called the number. They were not able to give me a decision but said they would send the reposne email- it was a dennial.

They pulled Experian 665. I may call back on Monday to see if I am successful with a recon.

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Sat, 05 May 2018 03:43:55 GMT

How far past filing are you? After the one year + one month file date it seemed like a few doors finally opened for me.

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Sat, 05 May 2018 03:52:58 GMT

Pizza, I wanted to thank you for your advice - I didn’t end up applying to the lender I was originally asking about in this post. Capital One finally let me back in a couple weeks after I posted this with a small unsecured card ($1k), and I took your advice and checked Discover’s prequal page and found I had an offer with an interest rate - applied and got approved for $1.4k (also unsecured)! I’m really excited about this card especially, hoping it grows with my profile like I’ve heard it can... but off to the garden for now, haha. Thanks again

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Sat, 05 May 2018 16:19:17 GMT

Congrats on both approvals @Anonymous!

Re: Rebuilding After BK - Deserve Credit Card

Guyatthebeach — Sun, 06 May 2018 12:43:09 GMT

Congratulations on your approvals and good luck on your rebuilding efforts.

By the way, the Deserve card is owned by Celtic Bank, a bank does a lot of SBA loans. The card is a solid sub prime card, but if you pay in full when the bill arrives, you don’t pay any interest.

Guyatthebeach

Re: Rebuilding After BK - Deserve Credit Card

nykos5000 — Wed, 09 May 2018 05:27:29 GMT

@Anonymous wrote:
Pizza, I wanted to thank you for your advice - I didn’t end up applying to the lender I was originally asking about in this post. Capital One finally let me back in a couple weeks after I posted this with a small unsecured card ($1k), and I took your advice and checked Discover’s prequal page and found I had an offer with an interest rate - applied and got approved for $1.4k (also unsecured)! I’m really excited about this card especially, hoping it grows with my profile like I’ve heard it can... but off to the garden for now, haha. Thanks again

Congrats on the approavls! Both cards will grow and don't forget that you can do a PC to a better card with higher limits after good history over time.

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Tue, 29 May 2018 03:28:40 GMT

Thanks all! These forums are so great. 🙂

Also to Nykos: Thank you for the reminder about trying for a PC! I contacted Capital One via online chat to see if I had any offers, and I was able to convert my Platinum into a Quicksilver (no fees!) after a little over 3 months of having the card. They also said I would still get the automatic CLI after the fifth statement too... I’m so excited! 😁

Re: Rebuilding After BK - Deserve Credit Card

nykos5000 — Tue, 29 May 2018 17:55:14 GMT

@Anonymous wrote:
Thanks all! These forums are so great. 🙂

Also to Nykos: Thank you for the reminder about trying for a PC! I contacted Capital One via online chat to see if I had any offers, and I was able to convert my Platinum into a Quicksilver (no fees!) after a little over 3 months of having the card. They also said I would still get the automatic CLI after the fifth statement too... I’m so excited! 😁

Congrats! Cap1 is awesome IMHO

Re: Rebuilding After BK - Deserve Credit Card

Anonymous — Thu, 31 May 2018 03:03:00 GMT

Congratulations, PNWGirl360! That is awesome! Much better to start with Cap1 and Disco.