HOW TO: From BK7 discharge to 700 in 24 months or less!

[FootballChick208]

Thank you, I actually called pioneer federal on friday and started the process to open an account with them and talked to them about the credit builder loan.

[shols44]

Update!

This week: EQ 712 TU: 698 EX: Uknown

Barclays CLI-500 CLI to 1500. (HP)

Discover CLI-1k_5K (Required recon) (HP)

Capone CLI-1.5K-2.5K via EO. Converted to quicksilver as well. (SP)

Opened DCU: 5K approved after 1 day online.

Util at apps 0.001%. 

Not bad folks not bad. Closed my Capone secured as well. 

[Scupra]

Great job shols!! Congrats I am sooooo jealous of your discover Congrats and thank you for your contribution to the boards!!

[Guyatthebeach]

Shols,

Congratulations on those scores!!!!

[Takasniper]

First off I want to thank SoulMaster for putting this guide together.  My discharge was back in July of 2013 and its been about 3 months.  I wasn't sure where to go, what to do, or how to rebuild my credit.  Because of this guide I joined a credit union and now have 2 credit cards under my belt.  Which I have myfico subscription payment on one and the other will be used for small amounts $5-10.  Also, I reaffirmed my car loan which is reporting in good standing.  I was a little scared at first to follow the guide.  But what made my day was my notification popped up stating my FICO score had changed.  About 3 weeks ago it was a 595 now it slowed moved up to a 606.  I know its not a lot, but for someone that didn't have much hope after BK.  This is a great start for me.  Thanks SoulMaster.

[Scupra]

---

@Takasniper wrote:

First off I want to thank SoulMaster for putting this guide together.  My discharge was back in July of 2013 and its been about 3 months.  I wasn't sure where to go, what to do, or how to rebuild my credit.  Because of this guide I joined a credit union and now have 2 credit cards under my belt.  Which I have myfico subscription payment on one and the other will be used for small amounts $5-10.  Also, I reaffirmed my car loan which is reporting in good standing.  I was a little scared at first to follow the guide.  But what made my day was my notification popped up stating my FICO score had changed.  About 3 weeks ago it was a 595 now it slowed moved up to a 606.  I know its not a lot, but for someone that didn't have much hope after BK.  This is a great start for me.  Thanks SoulMaster.

---

Keep doing the right things and following the guide and your score will continue to rise! Congrats

[lizz01]

I am going to try to follow these steps and am curious about a couple of things which are different in my situation.

First-  I will be burning my Credit One card in my BK.  Will a First Premier cc work the same? 

Second-  There is nowhere in Montana that offers a credit builder loan.  So, will a secured loan work here? Or will my student loans work?

I'm only looking at the first few steps for right now and not getting ahead of myself in terms of rebuilding.  So, I am sure I will be back with more questions as I move along this process.  I can't express how nice it is to have a place filled with information and with people who are helpful and understanding!! 

[tham928]

Good evening! I have a question about balances.

I believe I have the process correct just not the timeframes/balances

1: clean up report
2: cap one or credit one (how long after discharge? Do I pic every month once statement hits or have a small balance?)

3: credit builder loan (how long after discharge? How long after getting 1st credit card?


Thank u so much!!

[tham928]

Was supposed to say do I PIF not pic

[Scupra]

---

@tham928 wrote:
Good evening! I have a question about balances.

I believe I have the process correct just not the timeframes/balances

1: clean up report
2: cap one or credit one (how long after discharge? Do I pic every month once statement hits or have a small balance?)

3: credit builder loan (how long after discharge? How long after getting 1st credit card?


Thank u so much!!

---

Cap1 one seems to be the more preferred route. You can get your first credit card and the credit builder loan as soon as your reports are clean. Good luck and read through this thread a couple times.