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Approved for Ollo 9 Days post BK7 Discharge!

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Established Member

Approved for Ollo 9 Days post BK7 Discharge!

Thought I'd share this one, just for a nice reference point...

 

Chapter 7 Bankruptcy Filed: 3/22/2019

Chapter 7 Bankruptcy Discharged: 7/8/2019

 

I didn't reaffirm either car financed through Toyota, though I do still pay on the cars. They're still reporting to EX too! I didn't affirm my home (paying for that too).

 

My Kohls card appears to have survived the entire thing, though I'm afraid they'll catch the error and close it, thus doing away with my whole 30% off coupon before I receive my replacement card (shredded the old one when I thought they'd close it).

 

Today's official FICO scores are: 

 

Transunion: 599

Equifax: 626

Experian: 611

 

I was checking out Credit Karma as I'm using this as one of my tools to monitor my progress. By the way, their scores are super inflated compared to the actual scores. I guess that's pretty much common knowledge though. 

 

In any event, I noticed a pre-approval for the Ollo Platinum Mastercard. I was cautious, because I didn't want a fruitless inquiry, but I'd like to boost my FICOs a bit. All of my tools say that being approved for a card can increase scores. Experian said it could raise me from 611-643. I took the chance and applied. I was approved with a SL of $1,100. 

 

Capital One still wont pre-qual me for anything, though I did burn them for like $650 or something, so that's understandable.

 

 

Message 1 of 7
6 REPLIES 6
New Contributor

Re: Approved for Ollo 9 Days post BK7 Discharge!

Congrats on your OLLO approval and the start of your rebuld. Ollo is a good card that will also grow.

Message 2 of 7
Established Contributor

Re: Approved for Ollo 9 Days post BK7 Discharge!

Congrats!! Use it wisely, please!





Amex Platinum NSPL || Amex Everyday $10K || Amex BonVoy $16K || Aviator AA $7.6K || Citi AA $7.2K || Citi Costco $5.5K || NFCU CashReward $26K || Blispay $5K || Discover $10.8K || Paypal Credit $7.6K || VS card $4.1K || Walmart store $8.5K ||
Message 3 of 7
Senior Contributor

Re: Approved for Ollo 9 Days post BK7 Discharge!

Congrats. Guess they use CK now to get customers.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 4 of 7
Established Member

Re: Approved for Ollo 9 Days post BK7 Discharge!

That's awesome news! Thanks! I was just glad it didn't have any crazy fees!

Message 5 of 7
Established Member

Re: Approved for Ollo 9 Days post BK7 Discharge!

Yes! I'm in a much better position financially than I was when all of my prior debt started. I knew that continuing to spin my wheels was going to be an effort in futility for my prior debt, but I am in a much better position to avoid it in the first place now. Honestly, the only reason I even applied is because I'd like to trade in my car for one that's not black on black. I'd like to lease with Toyota for a few years and could use the credit boost from the card. 

Message 6 of 7
New Member

Re: Approved for Ollo 9 Days post BK7 Discharge!

Congratulations! I have had Ollo for few months now and loving the no hidden fees part. Customer service has been excellent as well! 

Message 7 of 7
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