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Burned almost all major cc companies and NFCU in Chap 7

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AspiringDink1991
Valued Member

Burned almost all major cc companies and NFCU in Chap 7

I want to know if i can go back to them.

Burned:

NFCU

Discover

Capital One

Apple Card

PayPal

Zip I think it was called

several Synchrony cards

Upgrade Card.... I cant remember them all, theyre in my signature I think

What are my best rebuilding options, I loved Navy Fed while I had them unfortunately job loss occured and income went down, no way to recover, treaded water for many months and sank, I reached for that life raft and its got sharp pointy edges, but I know i'm back afloat even though it hurts. I feel lost at sea though now that I'm post discharge.

I used to have a DCU secured card, had Self Loan, I did a ton of rebuilding a few years ago but it all came crashing down.

Surprisingly my Credit Scores are

Eq 592 TU 621 Ex 622



1-19 scores
1-20 scores
11-20 scores
1-21 scores

11-18 MyJewelersClub $5k CL
1-19 Discover $1k
1-19 Commenity $300 unsecured, CLI to $620 1-20
8-19 NFCU $500 secured graduated to non secured with limit of $4,500
8-19 NFCU SSL $3k paid down to $233
2-20 NFCU Cash Rewards $15k
5-20 Honda $46k @2.9%
1-21 PayPal Credit SL $3.5k
1-21 CapOne Platinum SL$ 3k
Cant believe it's been 2 years now, these recoveries are so slow its torturous!
8 REPLIES 8
GatoradeZeroGuy
Valued Contributor

Re: Burned almost all major cc companies and NFCU in Chap 7


@AspiringDink1991 wrote:

I want to know if i can go back to them.

Burned:

NFCU - need to pay them back in full before they'll consider

Discover - probably needs to fall off credit report before they'll consider

Capital One - are probably good, try the pre-approval, some can get really soon after bk, some are told no

Apple Card - probably not

PayPal - might take awhile, but maybe

Zip I think it was called

several Synchrony cards -  might take awhile, but maybe

Upgrade Card.... I cant remember them all, theyre in my signature I think - no clue

 


 

Starting FICO 8:

Current FICO 8:

1/6, 5/12, 12/24

Message 2 of 9
JoeRockhead
Senior Contributor

Re: Burned almost all major cc companies and NFCU in Chap 7


@AspiringDink1991 wrote:

I want to know if i can go back to them.

Burned:

NFCU they wont likely extend you any more credit until they're made whole

Discover Yes

Capital One Yes

Apple Card Maybe

PayPal likely Maybe

Zip I think it was called Have no idea

several Synchrony cards Maybe

Upgrade Card.... I cant remember them all, theyre in my signature I think

What are my best rebuilding options, I loved Navy Fed while I had them unfortunately job loss occured and income went down, no way to recover, treaded water for many months and sank, I reached for that life raft and its got sharp pointy edges, but I know i'm back afloat even though it hurts. I feel lost at sea though now that I'm post discharge.

I used to have a DCU secured card, had Self Loan, I did a ton of rebuilding a few years ago but it all came crashing down.

Surprisingly my Credit Scores are

Eq 592 TU 621 Ex 622


Best option would be perhaps get a Discover secured card, a Cap 1 Secured and work something out with getting Navy squared away if you really want credit cards with them again. Synchrony has also been known to be forgiving but there's no guarantee they will be. 

Message 3 of 9
spiritcraft1
Valued Contributor

Re: Burned almost all major cc companies and NFCU in Chap 7




Burned:

Discover - DW is still locked out - $3k burn in 2013

Capital One - No soup for me, $4k burn in 2013

Synchrony cards -  I got back in even with two big CA's on report and low 600 scores but that was 5 years ago.

 

I think most CU's are pretty hard line.

 

 


 


 


Biz |
Current F08 -
Current 2,4,5 -
Current F09 -
No PG Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k, B&H Photo, $5k

Message 4 of 9
Lurker22
Frequent Contributor

Re: Burned almost all major cc companies and NFCU in Chap 7


@GatoradeZeroGuy wrote:

@AspiringDink1991 wrote:

I want to know if i can go back to them.

Burned:

NFCU - need to pay them back in full before they'll consider

Discover - probably needs to fall off credit report before they'll consider

Capital One - are probably good, try the pre-approval, some can get really soon after bk, some are told no

Apple Card - probably not

PayPal - might take awhile, but maybe

Zip I think it was called

several Synchrony cards -  might take awhile, but maybe

Upgrade Card.... I cant remember them all, theyre in my signature I think - no clue

 


 


I burned Disco in a 13, they let me in 9 months after discharge (with a $13K CL) while their loss was still showing on my CR, I will say I had been rebuilding and this was not my first unsecured card after discharge

Message 5 of 9
CreditCuriosity
Moderator Emeritus

Re: Burned almost all major cc companies and NFCU in Chap 7

Forget ever using NFCU again unless you make them whole.  Others will vary with time, but not CU's

Message 6 of 9
MileHigh96
Frequent Contributor

Re: Burned almost all major cc companies and NFCU in Chap 7

Out of all the ones on your list, I burned CapOne, Synch, and Discover in my BK7. CapOne let me back in about 11 months post discharge, but Synch and Discover still won't pre-approve me for anything and I am now 28 months post discharge.
BK7 discharged - 06JUL2021
Loans:

Revolving Accounts (in the order they were opened):

Closed accounts:
Message 7 of 9
keeno1970
Valued Member

Re: Burned almost all major cc companies and NFCU in Chap 7

Don't feel bad brother. I was on top of the world with credit. Then I got the bright idea to start a business. A machine shop. The first 4 years were rough. Almost caused a divorce. My credit score went from 815 down to 487 almost over night. But things turned around and the business became a success. And my credit is back up to where it once was again. But the only institution I burned was Wells Fargo. Not sure I feel so bad about that after what they put me through. That's another story. But you already know the routine. Get a Capital one secured card and your on your way.

Message 8 of 9
themachineguy
New Member

Re: Burned almost all major cc companies and NFCU in Chap 7


@keeno1970 wrote:

Don't feel bad brother. I was on top of the world with credit. Then I got the bright idea to start a business. A machine shop. The first 4 years were rough. Almost caused a divorce. My credit score went from 815 down to 487 almost over night. But things turned around and the business became a success. And my credit is back up to where it once was again. But the only institution I burned was Wells Fargo. Not sure I feel so bad about that after what they put me through. That's another story. But you already know the routine. Get a Capital one secured card and your on your way.


Same here. Rebuilding my credit for another run at it

Message 9 of 9
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