Discover IIB Question.

[Anonymous514]

I had to include both of my Discoversin bk. The it cash had a balance of like 400 the Miles 400. Can I pay them after discharge to get back in sooner? I wanted to pay them before filing but my attorney said no. 

[pizza1]

I would not ever pay a lender back from a BK just to get back in with them for another CC. They will eventually forgive, and Id just wait it out.

Your attorney is correct, and saved you from getting your BK dismissed for preferential treatment of a lender. Take that money and put it in savings for a rainy day.

Discover will forgive sooner than you think. It might be 6 months, or it might be 2 years, but my advice it don't pay back a lender from your BK.

[CWESTL]

Patience will win out. I included Discover (approximately $9K) in my Chapter 7 BK as well. Don't waste your money repaying what you're not required. I waited until I received a few preapproval notifications via mail along with the online tool before I applied for a new Discover card and was instantly approved. It will come in time. Follow the playbook of the many contributors to this site and you'll be fine. 

[kiea]

I have been trying to get back in with Discover myself.  How long did it take after discharge to start receiving preapprovals? 

[Anonymous]

@pizza1you really nailed it on the head for NOT showing preferential treatment to a lender. My Bankruptcy Attorney hammered on that point. He watched what we allocated and where to ensure no preferences. Told me the Federal Bankruptcy Trustee took a very dim view of "preferences" and it could create a problem.

[Anonymous]

@pizza1... did you notice the use of @Anonymous ? Thanks!

[pizza1]

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@Anonymous wrote:

@pizza1... did you notice the use of @Anonymous ? Thanks!

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@Anonymous , LOLOL...yes I did, I got ping email about it!  You're so funny...

[Anonymous514]

It's just Discover is my absolute favorite lender. I wonder if I can get away with a secured from them 6 months post BK7. I cannot wait to begin my rebuild. My 341 is June 13th. When it's discharged I will have to find a thread that suits me because I burned Discover, Barclays and all of the other big banks! (Citi,BoA,Barclays,Discover,Chase,NFCU,PenFed,Synchrony)

[CWESTL]

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@kiea wrote:

I have been trying to get back in with Discover myself.  How long did it take after discharge to start receiving preapprovals? 

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I started receiving Discover preapprovals 2-3 years post discharge, but I waited until other cards aged and grew before applying. 

[Anonymous514]

@CWESTL did you include Discover in your BK though