@Anonymous wrote:Hi there,
This forum has been a great help to me over the last year so I'm hoping you can provide some more advice!
Background:
- Ch. 7 filed 2/8/19, discharged 5/15/19. Burned BoA, Barclay, Citi, and Marcus by Goldman Sacks. Discover is also reporting IIB because my lawyer insisted I list them on my bankruptcy petition even though they had $0 discharged.
- Approved for Cap 1 Platinum card w/ $2k limit on 6/29/19 (will upgrade to $2.5K limit in January). I also have a car loan that was reaffirmed and is properly reporting, along with my student loans.
- Current scores from MyFICO are 680 (Equifax), 640 (Transunion), and 654 (Experian).
Questions:
- Looking on a few bank preapproval websites, I'm seeing that I'm pre-qualified for the following cards. Does it make sense to apply for any of them?
- Bank of America: BankSecurred card (odd since I burned them) Since they were freshly burned. I highly doubt it.
- BB&T: Spectrum Cash Rewards, Spectrum Travel Rewards, Bright I was 3 yrs out for the Specturm, Not burned. Went in branch after opening e-savings online which is free to transfer CB rewards into it it. Not sure how far out though.
- Discover: it Cash Back and it Chrome Card (think this may be the website glitch others are talking about as they're reporting IIB (but weren't "burned") and, as of two weeks ago, I wasn't preapproved for anything) Most cases are usually near a year out. Lately some have gotten pre-approved and then denied once they pull the trigger. YMMV.
- Kohls Charge Card
- My dad has offered to add me as an authorized user on one of his credit cards. He has 800+ FICOs with all of the bureaus so I fully trust that he is being responsible with his credit and he wouldn't do anything with his credit cards that would be negative/derogatory. Would this be beneficial to me? If so, is there a specific bank I should be added to (he has accounts with all of the major banks)?
- Is there anything I can do so my old Discover card doesn't show as derogatory/IIB since they weren't harmed? I tried calling but they refused to remove the notation so it's showing as a derogatory account on my credit reports. That said, I know I may not have a choice since it was listed on the bankruptcy petition (even though it had a $0 balance).
Thanks in advance for the advice!
Not much you can do about Disco. If they were on the BK schedule. It will stick. You can upgrade your Plat to a QS so you can get some cash back. https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-check-for-upgrade-link/td-p/4934733
You could try for a store card to keep building on your own. Your scores arent that bad right now. Once you add a couple more cards you'll gain a few more points since you only have 1 card. Dont need any credit builder loans. You already got them already. Anoter Cap1 card cant be applied for until Dec/Jan. Kohls seems like a rather good choice. But being fresh out I gotta say. YMMV. Good Luck!
@FireMedic1 wrote:WUT!?! CONGRATS!!!!!!!!!!!!!!!!!!!!
I know! I don't think I'll actually believe it until the card arrives but I just looked at the "Check Application Status" screen and that's what appeared!
