topic Re: Applying?? in Credit Cards

Applying??

dallasjetfan — Sun, 17 Aug 2008 04:06:06 GMT

I am two and a half years removed from BK. I have established 7 CC accounts and one auto loan. My credit score is around 650. I was wondering when is it ok to start taking the chance and apply for prime credit cards?

Re: Applying??

Anonymous — Sun, 17 Aug 2008 13:38:56 GMT

dallasjetfan wrote:
I am two and a half years removed from BK. I have established 7 CC accounts and one auto loan. My credit score is around 650. I was wondering when is it ok to start taking the chance and apply for prime credit cards?

Do you have any recent baddies what cards are you trying to replace.

Re: Applying??

dallasjetfan — Sun, 17 Aug 2008 15:18:49 GMT

@Anonymous wrote:

@dallasjetfan wrote:
I am two and a half years removed from BK. I have established 7 CC accounts and one auto loan. My credit score is around 650. I was wondering when is it ok to start taking the chance and apply for prime credit cards?
Do you have any recent baddies what cards are you trying to replace.

Since my BK was filed in October of 2004 and discharged in March of 2005, I have had no baddies.

Walmart (GEMB): $250 Never use
Chevron/Texaco (GEMB): $400 Use then PIF each month
Care Credit (GEMB): $3500 Lasik surgery--Almost paid off and will never use probably
Car Care One (GEMB): $900 Use for buying 4X4 stuff for my Jeep

None of the GEMB cards are actual CC's! Then I have:

Capital One: $3550 ($3150 util)
US Airways (Juniper): $2500 ($2000 util)
Hooters: $1300 ($1000 util)

I would like to ultimately replace each of my current CC's with one or two prime CC's. At some point having a prime CC with a $15,000 CL would be ideal. I know I should also pay down my CC's which I am currently doing.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 16:26:01 GMT

dallasjetfan wrote:

I would like to ultimately replace each of my current CC's with one or two prime CC's. At some point having a prime CC with a $15,000 CL would be ideal. I know I should also pay down my CC's which I am currently doing.

Why would you wanna close any of these cards it seems like you have good limits unless your paying AF every year an if so you should to get them to remove them. If you gonna apply for anything i would wait until you pay some of your balances down cause most of your cards are maxed out an that might mess up any possible approvals for any prime card.

Message Edited by mjbfan79 on 08-17-2008 09:26 AM

Re: Applying??

dallasjetfan — Sun, 17 Aug 2008 16:40:56 GMT

I don't want to close them necessarily, I would just like a prime card with a much higher CL for bigger purchases down the road.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 16:46:29 GMT

We need to know what your scores are on each report to see which cards you may qualify for.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 16:51:25 GMT

dallasjetfan wrote:
I don't want to close them necessarily, I would just like a prime card with a much higher CL for bigger purchases down the road.
Ok first thing you need to do is pay down your balances allot of the prime big dogs might frown on your current credit cards being maxed out.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 16:55:41 GMT

Also i'm sure your score is hurting somewhat to because your using most of available credit.

Re: Applying??

dallasjetfan — Sun, 17 Aug 2008 17:00:02 GMT

My scores are 650 EX, 668 EQ, 655 TU. I figured if I paid most of this off in the next 3 months, I would have close to 700 across the board. I'm not in any hurry for a prime card, I am just curious what scores I need and if any will accept post-BK?

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:07:26 GMT

dallasjetfan wrote:
My scores are 650 EX, 668 EQ, 655 TU. I figured if I paid most of this off in the next 3 months, I would have close to 700 across the board. I'm not in any hurry for a prime card, I am just curious what scores I need and if any will accept post-BK?
Your scores are good right now but i'm sure they will be even better once you pay your CC balances down, Pay your balances down for the next 3 months let them report to the CRA then apply. You should be ready for a mini application spree at the first of the year.

Re: Applying??

dallasjetfan — Sun, 17 Aug 2008 17:08:46 GMT

Perfect!! That's what I was looking for. What cards would be ok with the BK though?

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:11:43 GMT

dallasjetfan wrote:
Perfect!! That's what I was looking for. What cards would be ok with the BK though?
Is your BK still showing with on your CR i thought you said it was deleted?

Re: Applying??

dallasjetfan — Sun, 17 Aug 2008 17:13:31 GMT

No, it was only discharged in March of 2005.

Re: Applying??

haulingthescoreup — Sun, 17 Aug 2008 17:16:26 GMT

This is stickied at the top of this (Credit Cards) forum:

BK Friendly Credit Cards Listed

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:19:25 GMT

dallasjetfan wrote:
No, it was only discharged in March of 2005.

Well if it's no longer showing apply for any prim card you wish to have. I don't have any prime cards i'm in the rebuilding stage myself waiting for my last Chapter 13 to fall off my TU CR next month but i'm gonna try to hold off 2 years before i apply for any prime cards i have like 7 new acounts that need to age.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:21:32 GMT

dallasjetfan wrote:
No, it was only discharged in March of 2005.

Also if your BK is totally off your CR when you apply for any new credit i don't think they can tell you filed a BK cause it's totally gone.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:40:59 GMT

Discharged is not deleted. It means that as of march of 2005 the debts included in the BK are no longer collectable. BK can show on credit reports for up to ten years (2015).

Re: Applying??

dallasjetfan — Sun, 17 Aug 2008 17:47:02 GMT

@Anonymous wrote:
Discharged is not deleted. It means that as of march of 2005 the debts included in the BK are no longer collectable. BK can show on credit reports for up to ten years (2015).

I definitely knew that!! I am just wondering if at some point it would be ok to try to get a prime card. If not, maybe I will just get another Cap One card and maybe a 10K+ CL. I don't really give a crap who the card is with. They are all the same!!

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:51:59 GMT

dicej32 wrote:
Discharged is not deleted. It means that as of march of 2005 the debts included in the BK are no longer collectable. BK can show on credit reports for up to ten years (2015).

Wrong if it's a Chapter 13 it's deleted 7 years after the file date not after the discharge. I was discharged from my Chapter October 2006 an my last bk that's on my TU CR will be deleted next month.

Re: Applying??

Anonymous — Sun, 17 Aug 2008 17:54:22 GMT

dallasjetfan wrote:

I definitely knew that!! I am just wondering if at some point it would be ok to try to get a prime card. If not, maybe I will just get another Cap One card and maybe a 10K+ CL. I don't really give a crap who the card is with. They are all the same!!

lol I told you pay down you balances apply for a prime card at the first of the year. GOOD LUCK.