cancel
Showing results for 
Search instead for 
Did you mean: 

Encouragement Post/Post BK

tag
CostantinoA
Established Contributor

Encouragement Post/Post BK

Hello:

My Chapter 7 BK was dischared 09-2019. I am now making 7x the money I was making and have learned many lessons from the mistakes I made.  I have learned alot from the forum but I have taken a slightly different approach to my rebuild. I started rebuilding before it was offically discharged.  I have a bunch of inquires and have produced great results in the This is my results in the 2 years, 6 months and 20 days since the discharge.

 

1 Pending 650k Mortatge Loan (House will be done building Aug 2022)

$99,387 Total Credit Lines

$104,570 3 Auto Loans

 

Upgrade - $15,000

IKEA - $15,000

Venmo - $9,300

Apple - $8,500

Crate & Barel - $7,000

Venture - $6,000

Cadillac - $5,000

Ollo - $4,500

Kay - $4,200

Wal-Greeens - $4,000

Quick Silver - $3,200

RC Willy - $3,000

Discount Tire - $2,500

Surge - $2,400

Old Navy - $2,000

Credit One - $1,850

Aspire - $1,500

Wal-Mart - $1,400

Childrens Place - $1,150

Lowes - $1,037

Chevron - $500

Victoria's Secret - $350

 

Experian - 695 (4Y1M AA, 33 INQ)
Transunion - 686 (1Y5M AA, 30 INQ)
Equifax - 726 (3Y1M AA, 4 INQ)
Total Credit Lines: $99,387
Message 1 of 4
3 REPLIES 3
AverageJoesCredit
Legendary Contributor

Re: Encouragement Post/Post BK


@CostantinoA wrote:

Hello:

My Chapter 7 BK was dischared 09-2019. I am now making 7x the money I was making and have learned many lessons from the mistakes I made.  I have learned alot from the forum but I have taken a slightly different approach to my rebuild. I started rebuilding before it was offically discharged.  I have a bunch of inquires and have produced great results in the This is my results in the 2 years, 6 months and 20 days since the discharge.

 

1 Pending 650k Mortatge Loan (House will be done building Aug 2022)

$99,387 Total Credit Lines

$104,570 3 Auto Loans

 

Upgrade - $15,000

IKEA - $15,000

Venmo - $9,300

Apple - $8,500

Crate & Barel - $7,000

Venture - $6,000

Cadillac - $5,000

Ollo - $4,500

Kay - $4,200

Wal-Greeens - $4,000

Quick Silver - $3,200

RC Willy - $3,000

Discount Tire - $2,500

Surge - $2,400

Old Navy - $2,000

Credit One - $1,850

Aspire - $1,500

Wal-Mart - $1,400

Childrens Place - $1,150

Lowes - $1,037

Chevron - $500

Victoria's Secret - $350

 


Wow, a 650k house and 3 cars!  Honestly if I were to rebuild again getting all those cards are not necessary.  If one picks their credit cards wisely it can be done without umpteen inquiries. But kudos on making so much money and rebuildingSmiley Happy

Message 2 of 4
FireMedic1
Community Leader
Mega Contributor

Re: Encouragement Post/Post BK

Nice. Ton of store cards. 22 accounts in 3 yrs. Wow! Hope your util is low. Good luck on the home approval.


Message 3 of 4
CostantinoA
Established Contributor

Re: Encouragement Post/Post BK

My utilization is 2%. The home loan is already approved. Just waiting for the builder to finish construction.  DTI is 30%. FHA loan. I will refiance after 4 year waiting period for BK to conventional. 

Experian - 695 (4Y1M AA, 33 INQ)
Transunion - 686 (1Y5M AA, 30 INQ)
Equifax - 726 (3Y1M AA, 4 INQ)
Total Credit Lines: $99,387
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.