topic Re: Discharged chapter 7 and capital one in Bankruptcy

Discharged chapter 7 and capital one

heyitsdan03 — Tue, 23 Apr 2024 12:58:09 GMT

Hello all,

I have read quite a bit on here that capital one is one of the esiest credit cards to get after a chapter 7, even if you included them in your chapter 7. I have been discharged for a couple months now, and have a secured card i opened the day i got discharged. I tried a pre-approval at capital one and its saying denied becasue of a previous charge off. Has anyone experienced this? How long should i wait before i try to apply again?

Im not looking to open a bunch of cards and get back into debt but i am trying to open a couple to start rebuilding my credit.

Re: Discharged chapter 7 and capital one

Horseshoez — Tue, 23 Apr 2024 13:25:12 GMT

@heyitsdan03 wrote:
Hello all,

I have read quite a bit on here that capital one is one of the esiest credit cards to get after a chapter 7, even if you included them in your chapter 7. I have been discharged for a couple months now, and have a secured card i opened the day i got discharged. I tried a pre-approval at capital one and its saying denied becasue of a previous charge off. Has anyone experienced this? How long should i wait before i try to apply again?

Im not looking to open a bunch of cards and get back into debt but i am trying to open a couple to start rebuilding my credit.

From other sources I have heard if you burned CapOne you need to wait a year before being approved for another card. I was in your shoes four years ago and just leveraged my secured card for all it was worth before applying for an second card which was unsecured, and then three months later a third card, also unsecured. My suggestion would be for you to let your current card age a bit, join a credit union, and apply for one of their cards.

Re: Discharged chapter 7 and capital one

Creditwiser — Tue, 23 Apr 2024 15:35:25 GMT

Cap 1 used to be very BK friendly years ago. When I filed in 2014, and burned them, I recieved two QS within 2 months of disch. Both with generous 3k limits. As mentioned, its typically one year post disch to get back in. Still bk friendly , albeit a waiting period.

Re: Discharged chapter 7 and capital one

Ficoaddict2012 — Sat, 18 May 2024 17:16:04 GMT

I got discharged two weeks ago ... I did prequal and got approved for cap one plat a day after discharge... I burned them twice already since this my second time having bk ... they let me back in the third time ... gl, don't make d same mistakes over and over