BK& - Capital One (NEED HELP)

[mscandy83]

That's awesome!  Did you end up getting secured credit cards to help you build up your score to get this Capital One card? Thanks!

[ChameleonBob]

I burned them for 7k and my CH7 was discharged in 01/24. As of 5/25 they won't let me in. I can't even use credit wise and they won't create a new account so I can use the app. The time frame for getting back in is really wild from what I understand. The thing that gets me is the people who burn them for 50k+ and get back in within a year and some for a few hundred still can't after many years. 

[isaemm76]

Yeah, they won't let me back in. Burned them for about $3,500, bk7 filed April 2024, discharged August 2024. So I'm 13 months post filing and 9 months post discharge and I still keep getting the reason for denial is my usage of previous account is not consistent with cap 1s policies, or something like that. I check the prequal site the 1st of each month and get the same exact reason. 

[goodkredit]

Try getting the secured card first. That's what I did about 3-6 months after bankruptcy. It took about 1.5 years for the card to move to unsecured but it helped my credit tremendously. I also deposited close to $1000 for my CL- that helped boost my score alot too. 

[returnofthemack]

Weird, I am not proud of this but I burned them probably 9 times in the last 20 years. 

I am already back in with a secured card after my 341 bankruptcy meeting.

[sccredit]

I burned them for close to $30k and they approved me at 13 months. I haven't heard of longer than that until now so maybe something is changing with their policies.

[isaemm76]

Was that 13 months post filing or discharge? 

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@sccredit wrote:

I burned them for close to $30k and they approved me at 13 months. I haven't heard of longer than that until now so maybe something is changing with their policies.

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[sccredit]

Filing

[Minimalist]

13 months sounds about right for the timeframe where I'd even want to look at another credit card after filing/discharge.  I would spend the time in between just learning to live off cash and establishing savings/sinking funds to avoid BK again in the future.