topic Re: BK& - Capital One (NEED HELP) in Bankruptcy

BK& - Capital One (NEED HELP)

mscandy83 — Wed, 11 Sep 2024 21:21:57 GMT

I filed for bankruptcy earlier this year, which was discharged in June 2024. I’ve reviewed all three credit bureaus, and they are reporting everything correctly. However, when I try to do a prequalification with Capital One, I keep getting this message:

"Based on your Pre-Approval form information, there are too many delinquent past or present Capital One credit obligation(s)."

The strange thing is, I paid off all my Capital One credit cards in full before filing for bankruptcy, but Capital One still shows them as "Charged Off - Paid in Full" when I log into my account. My credit reports, however, list these accounts as "Discharged through bankruptcy."

I called Capital One, but they told me there’s nothing they can do and advised me to seek legal advice. Has anyone else encountered this? What should my next steps be?

Any advice is greatly appreciated!

Re: BK& - Capital One (NEED HELP)

pizzadude — Wed, 11 Sep 2024 21:51:10 GMT

So you paid Cap1 but didn't include any of their accounts in your BK ?

Honestly Cap1 is probably the most forgiving creditor out for people with BKs, even people who burned them.

I think it's just too soon to get back in with them, but I'd bet you'll probably have success in a few more months.

Re: BK& - Capital One (NEED HELP)

mscandy83 — Wed, 11 Sep 2024 22:00:39 GMT

Thanks for responding, pizzadude. Yes, I did include Capital One in my bankruptcy filing. I wanted to be thorough and ensure that I didn’t leave any creditors out, just in case they tried to collect later. So, even though I didn’t have an outstanding balance with them at the time, I still listed them.

The Capital One credit cards I had were small credit lines, so I’m surprised this is happening. From reading other people's posts, it seems like some folks had multiple Capital One cards with larger balances/limits and still got approved right away after bankruptcy. I guess it comes down to "YMMV" at the end of the day, but it’s frustrating not knowing why this is happening in my case.

Re: BK& - Capital One (NEED HELP)

pizzadude — Wed, 11 Sep 2024 23:28:41 GMT

Yeah it's for sure a YMMV situation so just keep trying back and I'm sure you'll get back in.

Alternately you could try opening a secured card if you don't have any revolving credit currently.

Re: BK& - Capital One (NEED HELP)

MileHigh96 — Thu, 12 Sep 2024 13:38:38 GMT

@mscandy83 wrote:
I filed for bankruptcy earlier this year, which was discharged in June 2024. I’ve reviewed all three credit bureaus, and they are reporting everything correctly. However, when I try to do a prequalification with Capital One, I keep getting this message:

"Based on your Pre-Approval form information, there are too many delinquent past or present Capital One credit obligation(s)."

The strange thing is, I paid off all my Capital One credit cards in full before filing for bankruptcy, but Capital One still shows them as "Charged Off - Paid in Full" when I log into my account. My credit reports, however, list these accounts as "Discharged through bankruptcy."

I called Capital One, but they told me there’s nothing they can do and advised me to seek legal advice. Has anyone else encountered this? What should my next steps be?

Any advice is greatly appreciated!

I wouldn't worry about what reason you get when you are getting denied at the pre-qualification page, especially since your CR's are reporting correctly.

When I filed my BK7, I ended up burning CapOne for somewhere in the neighborhood of $10K over a couple of different cards. During my rebuild, I was always checking the pre-approval tool and was getting denied like you are and it was frustrating because I was reading on here about people being let back in with them almost immediately. Then, one day somewhere around 10 months after my discharge, I finally got the pre-approved notice for a Platinum card. After having that card for a couple of months, I was able to PC it to a QS card and then I was also able to be pre-approved for both the Savor One card and later on the now discontinued Walmart Mastercard. And if you count the Kohl's store card, I had 4 different CapOne cards.

So, it's different for everyone, but they will eventually let you back in, especially since you didn't owe them anything at the time of your filing. So just keep checking their pre-approval tool and one day, probably sooner rather than later, you will get the message you are looking for.

Re: BK& - Capital One (NEED HELP)

mscandy83 — Thu, 12 Sep 2024 14:40:01 GMT

Thank you MileHigh96 this is very encouraging. I'll continue to be patient and let things fall back into place. I truly appreciate you providing example of your experience.

Re: BK& - Capital One (NEED HELP)

TheXmashooker — Fri, 13 Sep 2024 01:18:43 GMT

I file 7/2023, discharged 10/2023.

I was discouraged with Capital One as well. I would check the pre approvel and get nothing.

They just approved me for a QS 2000 CL last week. So took about 10 to 11 months after discharge. Be patient and they will let you back in 😬

Also hubby was approved for the same exact card and CL

Re: BK& - Capital One (NEED HELP)

mscandy83 — Fri, 13 Sep 2024 14:01:32 GMT

Thank you @

That's encouraging... I'll be patience... I know things will get better.

Re: BK& - Capital One (NEED HELP)

crissyanj — Thu, 26 Sep 2024 19:58:42 GMT

Hello,

I got the same message when applying soon after discharge. I had to actually wait 1 year before they would approve me for an account.

Re: BK& - Capital One (NEED HELP)

IntrepidOhio — Fri, 04 Oct 2024 21:48:42 GMT

Yes, Do not give up on Capital One.

My BK7 was discharged June 2024. I discharged about 12k with capital one. I just got my Quick Silver World Elite MC today with a SL$3,000 with no AF....such a pretty card :-)....cant believe the approved me so soon!

I was getting the same message as you when I applied a month ago. I finally saw them show up on my Credit Karma as an option and decided to see if I was pre-approved...usually nothing shows up but I had some options like the Savor and Quick Silver show up...so I opted for that. Do Not Get their Patinum card you will be bucketed with your credit limit. I had the same limit on that card for years in the past.

I would keep checking on the pre-approval page and Credit Karma....this site helped me get two unsecured cards from Ally and Mission Lane with no af to start my journey.

Good Luck...hang in there!!

Re: BK& - Capital One (NEED HELP)

mscandy83 — Wed, 09 Oct 2024 04:52:51 GMT

That's awesome! Did you end up getting secured credit cards to help you build up your score to get this Capital One card? Thanks!

Re: BK& - Capital One (NEED HELP)

ChameleonBob — Thu, 08 May 2025 02:26:57 GMT

I burned them for 7k and my CH7 was discharged in 01/24. As of 5/25 they won't let me in. I can't even use credit wise and they won't create a new account so I can use the app. The time frame for getting back in is really wild from what I understand. The thing that gets me is the people who burn them for 50k+ and get back in within a year and some for a few hundred still can't after many years.

Re: BK& - Capital One (NEED HELP)

isaemm76 — Wed, 14 May 2025 17:26:28 GMT

Yeah, they won't let me back in. Burned them for about $3,500, bk7 filed April 2024, discharged August 2024. So I'm 13 months post filing and 9 months post discharge and I still keep getting the reason for denial is my usage of previous account is not consistent with cap 1s policies, or something like that. I check the prequal site the 1st of each month and get the same exact reason.

Re: BK& - Capital One (NEED HELP)

goodkredit — Sun, 08 Jun 2025 18:31:45 GMT

Try getting the secured card first. That's what I did about 3-6 months after bankruptcy. It took about 1.5 years for the card to move to unsecured but it helped my credit tremendously. I also deposited close to $1000 for my CL- that helped boost my score alot too.

Re: BK& - Capital One (NEED HELP)

returnofthemack — Wed, 11 Jun 2025 23:22:01 GMT

Weird, I am not proud of this but I burned them probably 9 times in the last 20 years.

I am already back in with a secured card after my 341 bankruptcy meeting.

Re: BK& - Capital One (NEED HELP)

sccredit — Mon, 16 Jun 2025 21:05:12 GMT

I burned them for close to $30k and they approved me at 13 months. I haven't heard of longer than that until now so maybe something is changing with their policies.

Re: BK& - Capital One (NEED HELP)

isaemm76 — Mon, 16 Jun 2025 21:23:43 GMT

Was that 13 months post filing or discharge?

@sccredit wrote:
I burned them for close to $30k and they approved me at 13 months. I haven't heard of longer than that until now so maybe something is changing with their policies.

Re: BK& - Capital One (NEED HELP)

sccredit — Mon, 16 Jun 2025 22:24:45 GMT

Filing

Re: BK& - Capital One (NEED HELP)

Minimalist — Fri, 20 Jun 2025 02:22:21 GMT

13 months sounds about right for the timeframe where I'd even want to look at another credit card after filing/discharge. I would spend the time in between just learning to live off cash and establishing savings/sinking funds to avoid BK again in the future.