topic Re: Fresh out of bk13 in Credit Cards

Fresh out of bk13

Poorboi — Sun, 26 Aug 2012 06:05:55 GMT

It's been a month since my discharge, I pulled my FIFO scores today and all 3 secured cards are reporting. Tu=607. Eq=700 ex? I just can't wait. When and what first unsecuredcards should I app for? 12 year credit history. And I make 55k a year. The 3 cards are my only revolving accounts, just can't wait. Please help any input.

Re: Fresh out of bk13

Anonymous — Sun, 26 Aug 2012 07:08:35 GMT

What cards do you have now? Details like open date, limit, etc.

Re: Fresh out of bk13

Poorboi — Sun, 26 Aug 2012 07:16:50 GMT

Sorry for the late reply, I have boa, fed ex cu, and first Midwest bank, all for $300 each. I had em all about 30 days now

Re: Fresh out of bk13

LS2982 — Sun, 26 Aug 2012 11:29:43 GMT

@Poorboi wrote:
Sorry for the late reply, I have boa, fed ex cu, and first Midwest bank, all for $300 each. I had em all about 30 days now

I would wait at least 6 months before apping for anything else, you need some good payment history reporting.

Re: Fresh out of bk13

webhopper — Sun, 26 Aug 2012 12:03:04 GMT

@LS2982 wrote:
@Poorboi wrote:
Sorry for the late reply, I have boa, fed ex cu, and first Midwest bank, all for $300 each. I had em all about 30 days now
I would wait at least 6 months before apping for anything else, you need some good payment history reporting.

Re: Fresh out of bk13

Creditaddict — Sun, 26 Aug 2012 18:18:14 GMT

@Poorboi wrote:
It's been a month since my discharge, I pulled my FIFO scores today and all 3 secured cards are reporting. Tu=607. Eq=700 ex? I just can't wait. When and what first unsecuredcards should I app for? 12 year credit history. And I make 55k a year. The 3 cards are my only revolving accounts, just can't wait. Please help any input.

ALL 3 of those banks told you Secured was the only thing you qualified for?

What banks, and or credit cards were included in your BK?

Was your Ch 13 a 3 or 5 year program?

Do the pre-qual for Discover to start... I have not really seen this decline you if it pre-approves.

Re: Fresh out of bk13

Poorboi — Sun, 26 Aug 2012 18:41:19 GMT

I never had any other credit cards before in life, I only tryd secured from reading here on the forum. I bank with chase now for over 7 years . My bk was a five year plan, but I came into some $$$ and paid it off one year early. I have one collection that's reporting only on tu. I'm fighting the co now because it was included in my bk. I applied for a car loan the day of my discharge and was approved. but I only had 2k down, and the truck I want is approx 30k. The dealer told me I was only approved for 16k max. So I refused. It caused 6 inqu on trans. Thanks again. Any more input is helpful

Re: Fresh out of bk13

Anonymous — Sun, 26 Aug 2012 18:47:18 GMT

Going to have to wait to build up more positive history. Also need to get that co off tu. Who did you blow out and for how much in bk?

Re: Fresh out of bk13

Poorboi — Sun, 26 Aug 2012 19:05:17 GMT

My chpt 13 was 25k. Four major hospital bills, my truck was included from acc consumer finance. I got title in mail this weekend, and two arronsons furniture bills from when I purchased my home, which was sold before I filed bk, it's reporting on my reports as paid in full for less than amount with flags,comcast, sprint and IRS was included. I only have five items reporting on each reports

Re: Fresh out of bk13

Anonymous — Sun, 26 Aug 2012 19:10:56 GMT

Cool. You didn't blow out any card issuers really. You need to continue to let those crappy cards report tobuild good history. You need to start doing research which card issuers are bk friendly and at what point? Some are friendly at 1 year, 2 year etc.

Re: Fresh out of bk13

Poorboi — Sun, 26 Aug 2012 19:14:31 GMT

Ahhh. Man it's hard to wait a whole year but I guess I have no choice. Thanks for the info

Re: Fresh out of bk13

Anonymous — Sun, 26 Aug 2012 19:26:51 GMT

Don't need to wait a year. Give the cards 6 months. In mean time look to some local credit unions. Call them and explain your situation to loan officer. See which ones are bk friendly and when. There will be cu willing to work with bk folks local to ou.

Re: Fresh out of bk13

Anonymous — Sun, 26 Aug 2012 19:41:49 GMT

@Poorboi wrote:
Ahhh. Man it's hard to wait a whole year but I guess I have no choice. Thanks for the info

What is the hurry? You have 3 credit cards to use now, and they pay for things just as easy as unsecured ones. Credit building takes years.

I suggest increasing the deposits, so you have bigger CL on your report when you do apply for unsecured. It helps sometimes, never hurts.