topic Re: Rebuilding again after Bankruptcy in Rebuilding Your Credit

Rebuilding again after Bankruptcy

YankeeNation — Fri, 15 Nov 2019 16:58:10 GMT

Hello Community,
So I’m rebuilding again and wanting to get some advice on how best to proceed. So I have two bankruptcies, 1 should fall on Mar 2020 and the most recent one May 2019 (discharge Sept 2019).

Recently was approved for a Merrick Bank, $550 CL with an automatic increase of $550 in 7 months, plan is to PIF each month.

When I initially saw my credit scores first week of Nov I had TU 584, EX 573.

Yesterday I pull EQ and it was 678 and it seems the Merrick card is now reporting.

Refreshed TU today and it’s at 657. Feeling pretty excited 😊.

Should I try and get a secured CC or wait for preapproval offers to come in?

Re: Rebuilding again after Bankruptcy

FireMedic1 — Fri, 15 Nov 2019 17:51:26 GMT

Could you list who got burned. Thats would help us lead you in the right direction.

Re: Rebuilding again after Bankruptcy

YankeeNation — Fri, 15 Nov 2019 18:00:58 GMT

CC included in my BK I had Capital One, Target, Kohl’s, Macy’s, Credit One, Overstock.

Re: Rebuilding again after Bankruptcy

Anonymous — Sat, 16 Nov 2019 14:15:42 GMT

What’s the source of your scores? Many times seeing only TU and EQ quoted, we find out the OP is referencing Credit Karma, which is a source for VantageScores, not FICOs, and FICOs are the name of the game. Where are you getting your scores?