topic Target - Approved 2.5 years post chapter 7 discharge in Bankruptcy

Target - Approved 2.5 years post chapter 7 discharge

Anonymous — Wed, 28 Aug 2019 04:43:45 GMT

Approved for the store card exactly 2.5 years post chapter 7 discharge. Was a hard pull on Equifax.

Macy's also let me back in (same timeframe), I had a separate post on this approval.

I did burn Target in my chapter 7 for about $300

I was really surprised they let me back in so soon, same $300 credit limit. Very happy they let me back in.

Hope this is helpful to anyone in a similar situation.

Re: Target - Approved 2.5 years post chapter 7 discharge

M_Smart007 — Wed, 28 Aug 2019 04:47:49 GMT

@Anonymous wrote:
Approved for the store card exactly 2.5 years post chapter 7 discharge. Was a hard pull on Equifax.
Macy's also let me back in (same timeframe), I had a separate post on this approval.
I did burn Target in my chapter 7 for about $300
I was really surprised they let me back in so soon, same $300 credit limit. Very happy they let me back in.

Hope this is helpful to anyone in a similar situation.

Congrats on your approval & Rebuild

Re: Target - Approved 2.5 years post chapter 7 discharge

Anonymous — Wed, 28 Aug 2019 16:38:57 GMT

@Anonymous wrote:
Approved for the store card exactly 2.5 years post chapter 7 discharge. Was a hard pull on Equifax.
Macy's also let me back in (same timeframe), I had a separate post on this approval.
I did burn Target in my chapter 7 for about $300
I was really surprised they let me back in so soon, same $300 credit limit. Very happy they let me back in.

Hope this is helpful to anyone in a similar situation.

Congrats! I burned so many wonderful stores/accounts in chapter 7 and I still feel bad over it. I'm going on 2 years post BK and always wonder if they will ever let me back in at some point. ALTHOUGH, I would like to add I learned my lesson and no longer see the "need" for having so many cards, but still. Worst part was that I was making every single payment on time for all accounts, I just no longer had any $ left over to actually "live off" once all bills were paid. It was either pay bills on time and make no progress with minimum payments and STARVE, or file BK and basically start all over. Don't regret filing, but I regret getting to the point where I even needed to file. I wonder if they let you back in because the amount you burned them over was so low? I think I owed about $2k.

Re: Target - Approved 2.5 years post chapter 7 discharge

Anonymous — Wed, 28 Aug 2019 17:47:38 GMT

that could be, the dollar amount may have a lot to do with it. I have to tell you, so far the only bank I think I’m truly blacklisted with is Barclays, I burned them for $1000.00, I tried reapplying for a card since my scores are good, but was an automatic denial with no credit check. I don’t think Barclays is as forgiving as other banks

Re: Target - Approved 2.5 years post chapter 7 discharge

FireMedic1 — Wed, 28 Aug 2019 18:25:16 GMT

Congrats!

Re: Target - Approved 2.5 years post chapter 7 discharge

recoveringfrombk7 — Thu, 29 Aug 2019 23:32:26 GMT

I burned Target for ~2500 and 10 (almost 11) mos post-discharge (ch7) they took me back with a 2k limit (hard pull/equifax). Very shocked, but not complaining!

Re: Target - Approved 2.5 years post chapter 7 discharge

Anonymous — Thu, 29 Aug 2019 23:43:17 GMT

How about Macy’s? They let me back in too, retail seems to be easier to get back then the regular banks v,mc,d, Amex

Re: Target - Approved 2.5 years post chapter 7 discharge

kerinmiami — Mon, 02 Sep 2019 13:13:51 GMT

@Anonymous wrote:
@Anonymous wrote:
Approved for the store card exactly 2.5 years post chapter 7 discharge. Was a hard pull on Equifax.
Macy's also let me back in (same timeframe), I had a separate post on this approval.
I did burn Target in my chapter 7 for about $300
I was really surprised they let me back in so soon, same $300 credit limit. Very happy they let me back in.

Hope this is helpful to anyone in a similar situation.
Congrats! I burned so many wonderful stores/accounts in chapter 7 and I still feel bad over it. I'm going on 2 years post BK and always wonder if they will ever let me back in at some point. ALTHOUGH, I would like to add I learned my lesson and no longer see the "need" for having so many cards, but still. Worst part was that I was making every single payment on time for all accounts, I just no longer had any $ left over to actually "live off" once all bills were paid. It was either pay bills on time and make no progress with minimum payments and STARVE, or file BK and basically start all over. Don't regret filing, but I regret getting to the point where I even needed to file. I wonder if they let you back in because the amount you burned them over was so low? I think I owed about $2k.

WOW! You're story is just like mine. I always paid every bill on time, but nothing left over. So much goes to interest. Yeap, no progress with the min pay at all. I can't cherry pick the Creditors, and yes Target is one that I will have to burn. But, remember it is the card issuer. For example, I will have to burn Wal-Mart, it is under Synchrony bank; however, Cap 1 come Oct will be the bank of the card. But, I have been told the big timers - Amex, Citi, BOA, Chase you can forget them for years to come with the burn and BK. And, yes, I had to burn all of them and then some.