First of all, I want to thank everyone who has contributed to this forum. I have lurked through here for nearly two years now, and just signed up to tell my story. I filed in 2015 and was discharged in 08/2015. In December of 2015, I got two Capital One Quicksilver cards with $300 CL. I used them dilligently and paid them off in full every month. Also in December of 2015, I purchased a vehicle for $8500 at 21.99%. In April of 2016, I refinanced with Capital One and lowered that interest rate to 8.99%. In June of 2016, both Capital One cards limites were increased to $3000! At this time, I applied to Barclay Ring and Apple Rewards Cards, and got $650 and $1500 respectively.
At the one year mark, I heard of the FHA bankruptcy forgiveness program and looked into buying a home. After calling around to a bunch of small local lenders, I found that I could use my VA loan after one year out of bankruptcy if I had made substancial improvements and had a credit score above 640. Persistence was key in this situation. I called over 25 lenders in a two week period and they all said there was no way I could get a mortgage with less than two years out of BK. Finally, a small, local morgage company said yes. In September of 2016, I purchased my home...one year and one month after discharge. I have lived in this home now for nearly six months and I still can't believe I have been this blessed. In October of 2016, I purchased another vehicle. It was a 2017 Toyota Camry and I got it at 3.99% interest rate. At the dealership, it was originally offered to me at 7.99%, but I fought tooth an nail to get it down.
I went out to the garden for a while until this past weekend. I figured, I've had unusually good luck with lenders so I went a bit crazy with a few credit apps. I applied to the Target Store Card, Firestone Store Card, Barclay NFL Card, and Chase Freedom Card. Target and Firestone both approved me instantly. Target gave me $1000 and Firestone gave me $1,800. I got denied for the Barclay NFL Card and the Chase Freedom. I reconned for the Barclay NFL card and was turned down. I called back and spoke to them again, and after much grief, they moved some credit over from the Apple Reward card to open up my NFL Card! SUCCESS! Then I called Chase. I could not believe how nice the agent was. He was very helpful and within about 25 minutes of the phone call and several questions and a brief explanation of why I filed bankruptcy, he approved my Chase Freedom Card! The earliest I have heard of anyone getting considered for a Chase card after BK is 3 years or so. So I consider myself to be on the good graces of the credit gods here.
Now I go back to the garden. These forums have helped me greatly in my rebuild. I greatly appreciate everyone who has contributed. Please let me know if anyone has any questions. I will be more than glad to help.
I could really benefit from speaking with you. I am in the same boat as you are, I am almost a year out of BK and am also a Veteran. I have been told by several people I cannot get a MTG until 2 years after BK. Could i connect with you for some information? <mod edit> I will be 1 year in June. My credit scores are 600EQ, 636 EXP and 652 TU. I have zero bad marks on my credit except for the BK. I have a Cap One CC, Walmart, Amazon, Marathon and Credit one. and a few Jewelry ones that i have not used.
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