Capital One 1 week after chapter 7 discharge

Anonymous · ‎03-27-2021

Hi everyone I wanted to share my weird and unbelievable story with capital one lol

I filed for ch7 in december and received my discharge a week ago. I haven't received my papers yet but it shows on all my credit reports. I wanted to rebuild my credit so decided to shop around for a secured credit card. I considered multiple options (Open Sky, Merric, premier...) but also checked capital one's prequalify page even though I didn't think I have any chances (Burnt them 6K in bk). To my surprise I got prequalified for Quick Silver! I couldn't believe it honestly but I was stupid enough to risk the 3hps and apply and I got approved for 3K !!!!!!! The APR is high 26.99% but I couldn't believe they let in again a week after discharge considering the fact that my Venture One 6K was charged off prior to the bk! I'm super happy honestly and still can't believe what happened lol

AllZero · ‎03-27-2021

Congratulations on your approval! Good luck on your credit journey.

Anonymous · ‎03-27-2021

Thank you very much!

Shooting-For-800 · ‎03-28-2021

Yep!

CapOne can be very forgiving.

Use it, pay it, grow it.

Congrats!

Rebuild started in 2014 - $100k unsecured credit in 2017 - $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

Papa_Bear · ‎03-28-2021

Congrats and good luck on the journey!

Honeykissez · ‎03-28-2021

Congratulations 🎊🎈. Cap 1 still won't let me back in and I'm 7 months post. I burned them for around 6k I believe.

Discharged BK 8/5/2020
Fico 8: Ex 537 - Tu 522 - Eq 572

8/5/21: Ex 653 - Eq 669 - Tu 727

Rebuilding: 8/21 Secured nfcu $200 - increased by nfcu on 11/7 to $600 - graduated 2/10 $2,000 ~ 9/10 Secured Discover It $200 - graduated 4/22 $1,800 ~ 12/8 Mercury MasterCard $750 unsecured ~ 4/8 Target $1,200 ~ 5/2 Apple Card $850 ~ 5/31 Quicksilver $2000 ~ 8/7 Nfcu Go Rewards $12,500

anniea4001 · ‎03-29-2021

@Anonymous

Congrats on the approval.

If you do some reading here in the forums you will be surprised of how many stories like yours you can find.

CapOne seems to be the most forgiving as far as I can tell. If not THE most.

I was approved the day after my discharged for 3k as well.

It seems to be the rule that CapOne will let you back in as long as your charge off or account included in BK (whichever one was first) is at least a year old. In my case I had 2 charge offs with them like 4 years prior to filling. As much as I refused to file for BK and tried to play catch up, I ended up having to file anyway.

Good luck on your rebuild.

DebtStinks · ‎03-29-2021

@Honeykissez @Anonymous

Ditto what @anniea4001 said. Cap1 is VERY forgiving, but one HARD rule they have (as of now) is 12 or more months have passed since charge off or BK filing, based on whichever came first.

Best of luck in your rebuild @Anonymous .

I hope this helps @Honeykissez

NFCU More Rewards AMEX $25000 (Opened 1/19) - NFCU Platinum $21000 (Opened 1/21) - TTCU Platinum Visa $10000 (Opened 10/18) - Discover $5500 (Opened 11/21) - Barclays View MC $5000 (Opened 1/19) - Capital One Platinum $3500 (Opened 2/19) - Capital One World Elite MC $1000 (Opened 3/21) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $42500 (Opened 10/18)
Closed - PenFed $35,000 - Cap1 World Elite MC $11,200
Total CL - $115500

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 2/18/21:

Inquiries Last 12 Months:

kittycreditmeow · ‎03-29-2021

Congratulations on the approval! Capital One was my first CC after my ch 7 discharge. They gave me the platinum for $300. 3k is very generous. Nice work.

angelofmusic86 · ‎04-01-2021

Congrats and good luck on your rebuild journey!

CH7 Filed 05.01.2020; Discharged 10.21.2020

10.22.2020 FICO8 Scores: EQ 615 TU 560 EX 581
06.28.2023 FICO8 Scores: EQ 663 TU 663 EX 661

Rebuild progress: CapitalOne Kohl's Visa $3,000; CapitalOne Quicksilver$0AF $9,600; CreditOne Rewards $700; CapitalOne Venture$0AF $6,000; PenFed PCR $9,600; Kemba Signature Visa $5,000; CreditOne$0AF AMEX $1,500; Target RedCard $500; Wells Fargo Autograph $1,500; Comenity Ultamate Rewards MC $4,900; CapitalOne Savor One $500; Amazon Store Card $5,000; Synchrony TJ Maxx Mastercard $5,000; Well's Fargo Reflect Visa $3,500; Citi AAdvantage MC $5,000
Gardening until absolutely necessary.