My bankruptcy meeting on 5/20/24 where was "dismissed" after a series of don't the phone yes and no primarily were the responses to questions. Shortly after (a few days), I applied and was approved for a $3,000 Savor one "for good credit," whatever that means, card. The bankruptcy had not officially been dismissed by LA county, which happened on 7/29/24. In my bankruptcy were three accounts (2 with a 500 limit and one with 600 from Capital One.) I was shocked they approved me in May but delighted.
I had conversations with my BK attorney and my CPA for the only year I owed taxes, 2015. The CPA said to file an offer in compromise, but the BK attorney said to wait until the official dismissal. "Sometimes they back out interest." Well, after 7/29/24, I kept checking, and indeed, they did a "full dismissal of the original 40K, now 84K" debt. I was again astonished and extremely grateful. I now have the CAPone Savor, a 1,500 mission lane (which offers cash back as well as no annual fee, a high 29.99%, but at least it's rebuilding credit, and a 1,000 limit Visa Platinum from my credit union. It's a start, for sure. Ten years and maybe the good cards from Amex and Chase will again be available, who knows? I sincerely doubt it before 2034, which sounds a long way off.
At any rate, after three months, I applied for a Venture credit card because Capone said I was pre-approved, but in the end, they declined. I guess it's too early to increase the relationship, but I thought this saga might give some folks a little hope.
