You don't need more cards to rebuild. They are pushing offers on you because they benefit from doing so. You can check capital one prequal on their site, but be aware if you pull the trigger they will hard pull all 3 reports and you've got what you need to rebuild already (in terms of credit cards). As for chase, if you burned them you definitely do not prequalify for their stuff and won't for a really really long time, if ever.
Do you have an installment loan of some sort (student loan, car, mortgage, etc)?
Do you have an installment loan of some sort (student loan, car, mortgage, etc)?
First, welcome to the forums!! Glad you're here
Next, Do NOT listen to what CK says...You only need one loan (Student loan, car, mortgage, personal loan etc..), and 3 CC's to rebuild ultimately according to FICO, and FICO is all that matters, including FICO scores! You have that exactly now.
I would garden your cards, and let them report 6 months to the CRA's, and then try for the pre-qual at Cap1. (they are the most forgiving). If you wanted, you could try the pre-qual now, and if its says Congratulations, not "we recommend), then go for one more card with Cap1. If not, wait 6 months.
You can absolutely forget Chase, Citibank, Amex, all the big dogs etc...for 5+ years...minimum. They each have their own BK rules.
@Anonymous wrote:
Just took your advice and went to the capital one site and prequalified for 4 cards. Got the exact congratulations message so I applied for two cards. Got approved for 1 with a credit limit of 3000.00 second one I was denied.
I’ll now wait until the 6 months before I try to apply again. I was so surprised and happy. In managing my new found credit I will be paying off all balances monthly and not go over 10 percent utilization.
I appreciate all the info from this forum and I hope to share my journey and hopefully give others hope of life after bankruptcy!
Thanks again!
Thats great!! ok, now hit the breaks for 6 months minimum! The goal was to get postivie TL's reporting post BK, and now youve accomplished that! Congratluations! Garden your cards, adn just sit back now
@Anonymous wrote:
Just took your advice and went to the capital one site and prequalified for 4 cards. Got the exact congratulations message so I applied for two cards. Got approved for 1 with a credit limit of 3000.00 second one I was denied.
I’ll now wait until the 6 months before I try to apply again. I was so surprised and happy. In managing my new found credit I will be paying off all balances monthly and not go over 10 percent utilization.
I appreciate all the info from this forum and I hope to share my journey and hopefully give others hope of life after bankruptcy!
Thanks again!
Cap One got you for 6 hard pulls....ouch. I think qualifying for 4 cards only meant that you can choose 1. Just because its an all you can eat buffet, doesnt mean you should eat all the food. lol. Lame analogy i know. Or just because your speedometer on your car shows a speed of 160 mph, doesn't mean you should ever drive that fast.