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@mavric wrote:
I think you will find it a little easier to rebuilder after a ch13 versus a ch7. We were discharged 3/1/17 after 5 years.
Have gotten approved on every thing we applied for and never ask about the ch13. 2 new car's ,3 new credit cards each DW and I. Maybe we just got lucky!
I say go for it and don't be shy . Capital one is a great place to start / car loan and credit card , That's were we started. GOOD LUCK
Hey Mavric -- you mentioned that you've "gotten approved on everything you've applied for"
May I ask as to what you have applied for and how long after your discharge did you begin applying?
Much appreciated. Thank you.
Sure...
Discharged 2/28/17 Scores were around 615.
Capital one auto,3/2/17 bought a2016 Dodge journey CPO 5100 miles v6/sunroof crossroad $22300 @3.49% 3000dn /72mo 356 mo
DW Capital one Platinum 3000 sl 3/3/17 , Me Capital one Qsliver on 3000 sl
3/16/17 Dw bought a2016 CPO Nissan Altima [ CPO with 9 miles on it,still had window sticker on it] 16999 @3.49 with 3000 dn @ 48 mo's 351 mo .Associated credit union.
3/22/17 Dw AMX BCED 4000 sl 3/25/17 me AMX BCED 2000 sl { we did have amx before ch 13 that was closed and not part of the BK]
4/10/17 E-bay mastercard 2000 sl
DW 4/20/17 BJ's Mastercard 3500 sl
Hope's this helps. NEVER asked about the CH13. Like i said i think we got lucky
thanks, mavric -- really appreciate the insights you've shared. best of luck to you.
Congrats on the discharge, mine was discharged on 6/5/2017.
So far I have applied for two cards and have been approve for both. The first one I had a score of 681 and they second one I applied for my score was 703. It seems it jumped in a few days?
After the discharge they suggest you pull your credit report 30-60 days and make sure everything looks good. Personally I am not going to wait for the creditors to tell the CRAs to update my credit report. I am going to dispute everything and get it changed as quickly as possible. I am on a mission to get it fixed and get into the 700s so I can purchase a house next year. So I am not going to wait for them to fix it. I am also doing this becuase I learned some lessons over the past few years. My mortgage is also not reporting and I am unable to access my account. Apprantly they have to do an audit on my account which can take up to 60 days and with that I am still protected under the bankruptcy rules.
Here is what I found should be listed on your credit report after a discharge
CRAs and your creditors should report each discharged debt as:
When you discharge a debt in bankruptcy, a creditor cannot report that debt as:
Credit Karma makes it easy to dispute anything on your credit report. I even disputed stuff while in the bankruptcy because it wasn't showing properly on my report. I think that has helped me. I would suggest being proactive and take control of your credit report and not relying on the creditors.
@medicgrrl wrote:
Vol, did you get your scores from Credit Karma?
No those numbers are from MyFico and what was listed on the electronic documents after I applied as they have to tell you your credit score.
@medicgrrl wrote:
How did you manage a score in the 700's right after discharge?
I should probably clarify this is my Fico Score 3 that they seem to be using and not my Fico Score 8. It seems there are different scores for different types of lending. My other scores are not 700. I am working to get those to the 700s but most are high 600s. It is also a Chapter 13 and it doesn't look as bad the older it gets and since most Chapter 13's have you in a payment plan for 5 years it is now 5 years old and will drop off in another 2.
My score never went that low when I filed which was great. I also had a secured card during my bankruptcy which was paid in full every month. Each state/trustee has different rules and in my area you were not allowed to obtain more than 5K worth of debt while in a bankruptcy.