Chapter 7 Rebuild Process

[Anonymous]

So I finally filed C7 in June of this year(2020).  I burned several cards and I'm looking to finally grow and have a breath of fresh air and credit lol.

List of Creditors IIB:

Capital One Secure Card (400$)

Discover (400)

TD Bank Secure Card (56$)

Credit One Bank (500ish)

Indigo Card (400ish)

First Premier(300ish)

Total Card (800)

Fingerhut(345)

CNB - Auto Loan - Repo Balance (4500)

Verizon Wireless (1800)

ATT(1200)

Sprint(500)

and a few collections accounts

So now I have a self lender loan - 500$ and it's reported 2 positive payments so far, I also use Experian boost for my cell phone, power, and Netlfix, additionally, I have a First Progress Secure Card, and a newly acquired Applied Bank Unsecured (300) as well.  Besides those items, my student loans are reporting and also my rent but it only reports to Equifax.  I also have some credit builder accounts again only Equifax and those are positive thru Oxford Publishing with a 2500$ limit and just charges me a small fee every few months and it pays it's self off.  Kinda dumb but I wanted the positive history and I've had it for over a year and a half.

I'm not applying for anything for the rest of the year at least and want some older negative items to fall off next summer along with 19 inquires that will fall off by then.

My current FICO EX 582 EQ 542 TU 538

I have a car loan but I am not listed due to my credit so I just pay the bill, so my next goal is to take that loan in my name by next year so I get the history for it.

Any input or suggestions to get back in with Discover or Cap1 would be great.

[Anonymous]

You could try applying for cap one platinum unsecured

Some people walk out from BK and get it right after burning them

[pip3man]

It's a hit or miss with Capital One. I literally just applied with them and was declined. I think I'm blacklisted cos they didnt pull my credit today and same thing when I tried last month. I even applied for auto finance with them and was declined. The denial letter for both credit card and auto finance only says status of prior Capital One cards. Give them a shot though and good luck!

[Anonymous]

Thanks guy's I should have probably mentioned I had settled for less Cap One Auto back from 2013 I was cosigner on.

It was paid thru a settlement for less than the amount owed and it's marked closed back in 2017.  I'm hoping to apply in December for Cap1 if not then I'll wait till July of 2021.

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[Anonymous]

I burned CapOne for $4K in my Chp 7 BK.  Got back in with an unsecured Quiksilver card, $3K within six months of discharge.  There is hope!

[bigred1967]

I applied for both right after my discharge last week on the prequalify and denied due to Bankruptcy. And I did not burn Capital One in the BK

[FireMedic1]

Things are tighter now across the board with all creditors. That includes Cap1. Give it a few months. You'll get back in with Cap1 before Disco. They want to see someone else be the first to approve and then they check how your doing.Then after around the year mark seems to be the avg door openagains time. Good Luck!

[bigred1967]

Definitely so I do have a Credit One to report with to start with hopefully I'm given capital one love soon

[FireMedic1]

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@bigred1967 wrote:

Definitely so I do have a Credit One to report with to start with hopefully I'm given capital one love soon

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You'll get there. We all want it now attitude. I was guilty too after BK. But patience does payoff. You'll see.