Cap1...Included or Not? I can't tell....

Anonymous · ‎11-15-2016

Weird question....but I'm just trying to plot out my rebuild and need to know.

Filed BK 8/10/16, 341 meeting on 9/13/16, awaiting discharge (last day for objections was yesterday 11/14)

Previously had a secured card w/ Cap1 that I paid and closed several months before filing. Attorney took my credit reports and included everything that was on there in the list of creditors. Cap1 was included since they had a trade line.

While I didn't have an *open account* or an *account that burned them*, do you think they are going to decline an app based on just being listed? Anyone else have an experience like this?

Thx in advance!

Anonymous · ‎11-15-2016

You could always call Cap One. I believe from reading through the forum that someone else didn't cause Cap One a loss, they applied but had to recon and then it was a manual override since they had to tell the system it was Ok.

Anonymous · ‎11-15-2016

@HarleyGirl thanks for the info! Is there a special dept to call or just reg customer service!

PS just got discharged today! WOOP

Scupra · ‎11-15-2016

@Anonymous wrote:
@Anonymous thanks for the info! Is there a special dept to call or just reg customer service!

PS just got discharged today! WOOP

Since you are now discharged I would just apply for a card with Cap1 I am always the bad influence it seems

Anonymous · ‎11-16-2016

@Anonymous wrote:
Weird question....but I'm just trying to plot out my rebuild and need to know.

Filed BK 8/10/16, 341 meeting on 9/13/16, awaiting discharge (last day for objections was yesterday 11/14)

Previously had a secured card w/ Cap1 that I paid and closed several months before filing. Attorney took my credit reports and included everything that was on there in the list of creditors. Cap1 was included since they had a trade line. They are not going to include a creditor of a paid, closed account.

While I didn't have an *open account* or an *account that burned them*, do you think they are going to decline an app based on just being listed? Anyone else have an experience like this?

Thx in advance!

No, there is no charge off and no reason to auto-deny. Many people have gotten Cap One right out of discharge, so the BK itself is not going to spook them. Apply.

Anonymous · ‎11-16-2016

Should I wait until after I get my reports cleaned up to apply? Instinct says yes, but your experience might say otherwise?

Scupra · ‎11-16-2016

@Anonymous wrote:
Should I wait until after I get my reports cleaned up to apply? Instinct says yes, but your experience might say otherwise?

Yes, you should make sure everything is reporting IIB and has a $0 bal. You could check the Cap1 pre-qual to see if anything shows though.

Anonymous · ‎11-18-2016

Hey guys...just getting back with some good news!

Apparently today 2 bureaus updated with all balances 0 and IIB....so I thought I'd poke around and see if the Cap1 prequalify worked. Was prequal for platinum and Quicksilver rewards - app'd for both because I knew they'd be the same pull and only got the QS1!

Also of note, in my online account it shows my old card as closed/paid etc. Any suggestions on moving forward? I was wondering why I wouldn't get the 2 cards like most do but maybe it's because I got put on credit steps? (IDK how to tell if I did, but I got a $300 limit)

Thx for all your help!

Scupra · ‎11-21-2016

The days of a 2 for 1 with Cap1 have ended I beleive. That's great news you were approved Yes, you will be in credit steps