11 months after discharge...

Anonymous · ‎01-12-2017

So far so good. One month away from a year anniversary from discharge. Didn't take much care or paid attention to credit before bankruptcy, but is very conscious now of it. I've become a little obsessed with it. Irritated at times, but I've learned to to be patient. Here's a summary so far...

My highest credit score is showing 670.

Got a car loan from Wells Fargo about a month after discharge. ~$15,000 16% apr

Secured Capital One Platinum at $200 ($49 deposit) about 2 months after discharge, now at $500.

Capital One Platinum at $500, 4 months after discharge, now a Capital One Quicksilver at $1100.

Amazon Prime Store Card at $1000, 7 months after discharge.

Discover It Card at $1600, 7 months after discharge.

Walmart Store Card at $700, 8 months after discharge.

Merrick Bank Visa at $900, 9 months after discharge.

Credit One at $500, 10 months after discharge. (haven't activated; may cancel it)

Capital One has been the most helpful in giving me a chance & building my score.

Barcalays: Denied

Chase: Denied

Walmart: Deined once.

The key is keeping keeping all payments on time, paying more than the minimum due, & keeping the utilization under 30%. Right now I have them at 0%.

Next goal on to 700+ score and preparing to buy a house...

Scupra · ‎01-12-2017

@Anonymous wrote:
So far so good. One month away from a year anniversary from discharge. Didn't take much care or paid attention to credit before bankruptcy, but is very conscious now of it. I've become a little obsessed with it. Irritated at times, but I've learned to to be patient. Here's a summary so far...

My highest credit score is showing 670.
Got a car loan from Wells Fargo about a month after discharge. ~$15,000 16% apr
Secured Capital One Platinum at $200 ($49 deposit) about 2 months after discharge, now at $500.
Capital One Platinum at $500, 4 months after discharge, now a Capital One Quicksilver at $1100.
Amazon Prime Store Card at $1000, 7 months after discharge.
Discover It Card at $1600, 7 months after discharge.
Walmart Store Card at $700, 8 months after discharge.
Merrick Bank Visa at $900, 9 months after discharge.
Credit One at $500, 10 months after discharge. (haven't activated; may cancel it)

Capital One has been the most helpful in giving me a chance & building my score.

Barcalays: Denied
Chase: Denied
Walmart: Deined once.

The key is keeping keeping all payments on time, paying more than the minimum due, & keeping the utilization under 30%. Right now I have them at 0%.
Next goal on to 700+ score and preparing to buy a house...

You have done some amazing work in one year! You say all cards are at 0%, I just want to make sure you know to leave one reporting a very small balance. 0% util on all cards actually hurts you. Keep up the great work, next milestone 700 FICO!

TXinandout · ‎01-12-2017

@Scupra wrote:
@Anonymous wrote:
So far so good. One month away from a year anniversary from discharge. Didn't take much care or paid attention to credit before bankruptcy, but is very conscious now of it. I've become a little obsessed with it. Irritated at times, but I've learned to to be patient. Here's a summary so far...

My highest credit score is showing 670.
Got a car loan from Wells Fargo about a month after discharge. ~$15,000 16% apr
Secured Capital One Platinum at $200 ($49 deposit) about 2 months after discharge, now at $500.
Capital One Platinum at $500, 4 months after discharge, now a Capital One Quicksilver at $1100.
Amazon Prime Store Card at $1000, 7 months after discharge.
Discover It Card at $1600, 7 months after discharge.
Walmart Store Card at $700, 8 months after discharge.
Merrick Bank Visa at $900, 9 months after discharge.
Credit One at $500, 10 months after discharge. (haven't activated; may cancel it)

Capital One has been the most helpful in giving me a chance & building my score.

Barcalays: Denied
Chase: Denied
Walmart: Deined once.

The key is keeping keeping all payments on time, paying more than the minimum due, & keeping the utilization under 30%. Right now I have them at 0%.
Next goal on to 700+ score and preparing to buy a house...

You have done some amazing work in one year! You say all cards are at 0%, I just want to make sure you know to leave one reporting a very small balance. 0% util on all cards actually hurts you. Keep up the great work, next milestone 700 FICO!

+1

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653

Anonymous · ‎01-12-2017

Nice job!!

I would close Credit One, you don't need it at this stage.

Did you recon Barclays or Chase?

Anonymous · ‎01-16-2017

@Scupra wrote:
@Anonymous wrote:
So far so good. One month away from a year anniversary from discharge. Didn't take much care or paid attention to credit before bankruptcy, but is very conscious now of it. I've become a little obsessed with it. Irritated at times, but I've learned to to be patient. Here's a summary so far...

My highest credit score is showing 670.
Got a car loan from Wells Fargo about a month after discharge. ~$15,000 16% apr
Secured Capital One Platinum at $200 ($49 deposit) about 2 months after discharge, now at $500.
Capital One Platinum at $500, 4 months after discharge, now a Capital One Quicksilver at $1100.
Amazon Prime Store Card at $1000, 7 months after discharge.
Discover It Card at $1600, 7 months after discharge.
Walmart Store Card at $700, 8 months after discharge.
Merrick Bank Visa at $900, 9 months after discharge.
Credit One at $500, 10 months after discharge. (haven't activated; may cancel it)

Capital One has been the most helpful in giving me a chance & building my score.

Barcalays: Denied
Chase: Denied
Walmart: Deined once.

The key is keeping keeping all payments on time, paying more than the minimum due, & keeping the utilization under 30%. Right now I have them at 0%.
Next goal on to 700+ score and preparing to buy a house...

You have done some amazing work in one year! You say all cards are at 0%, I just want to make sure you know to leave one reporting a very small balance. 0% util on all cards actually hurts you. Keep up the great work, next milestone 700 FICO!

Thanks, good info. I will keep a small balance on a few of them. I actually just paid them all down to 0 and is now waiting for them to report.

Anonymous · ‎01-16-2017

@Justagirl73 wrote:
Nice job!!

I would close Credit One, you don't need it at this stage.

Did you recon Barclays or Chase?

Thanks. Yes, I have closed the Credit One.

I called Barclays and they wanted to see a few more months of credit history under my belt.

I didn't call Chase because I thought I read here afterwards that they're not bankruptcy friendly.

Anonymous · ‎01-16-2017

@Anonymous wrote:

@Scupra wrote:
@Anonymous wrote:
So far so good. One month away from a year anniversary from discharge. Didn't take much care or paid attention to credit before bankruptcy, but is very conscious now of it. I've become a little obsessed with it. Irritated at times, but I've learned to to be patient. Here's a summary so far...

My highest credit score is showing 670.
Got a car loan from Wells Fargo about a month after discharge. ~$15,000 16% apr
Secured Capital One Platinum at $200 ($49 deposit) about 2 months after discharge, now at $500.
Capital One Platinum at $500, 4 months after discharge, now a Capital One Quicksilver at $1100.
Amazon Prime Store Card at $1000, 7 months after discharge.
Discover It Card at $1600, 7 months after discharge.
Walmart Store Card at $700, 8 months after discharge.
Merrick Bank Visa at $900, 9 months after discharge.
Credit One at $500, 10 months after discharge. (haven't activated; may cancel it)

Capital One has been the most helpful in giving me a chance & building my score.

Barcalays: Denied
Chase: Denied
Walmart: Deined once.

The key is keeping keeping all payments on time, paying more than the minimum due, & keeping the utilization under 30%. Right now I have them at 0%.
Next goal on to 700+ score and preparing to buy a house...

You have done some amazing work in one year! You say all cards are at 0%, I just want to make sure you know to leave one reporting a very small balance. 0% util on all cards actually hurts you. Keep up the great work, next milestone 700 FICO!
Thanks, good info. I will keep a small balance on a few of them. I actually just paid them all down to 0 and is now waiting for them to report.

He didn't say a few - he said one, as in singular, uno, by itself

This is very important, as while reporting a small (<9% of card limit) balance on one card will help you, you lose points if you have more than half of your cards reporting a balance.