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My 2 Year Post BK 7 Rebuild

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Valued Member

My 2 Year Post BK 7 Rebuild

June 28th officially marks 2 years since my BK7 was discharged.  While it was a difficult ride at first, this forum supplied plenty of support and resources that helped me achieve the scores I have today.  Although my goal was to have 700 across the board, I am grateful that through patience and hard work I was able to have one score above 700 with the two others close behind. 

 

Although I tried following most of the advice this forum offered, I found myself tempted at times to apply for cards that I knew I couldn't and would'nt get.  This was the biggest mistake I made through my rebuild, applying for things I didnt get approved for and then subsequently being hit with a credit inquiry.

 

As of today I was able to acheive the following accounts and in the order I received them.

 

NFCU Secured Card:  $500. Unsecured to a Go Rewards Card:  $2000

Quicksilver:  $2000 (Combined two accounts @ $1000 a piece)

Discover IT:  $3600 (Started @$1800)

PenFed Truck Loan:  $42,000 @ 5%

NFCU Cash Rewards $3000 (Started @ $1000)

NFCU CLC:  $10,000 (Started @ $4500)

2nd Discover IT:  $13,000 (Started @ $12,000)

Capital One Spark:  $1000

Overstock:  $1250

 

Needless to say I still have more room to improve.  My utilization sets at 3% and I have done my best to practice the AZERO method to maximize my scores.  It has worked, as I will close on a home in mid July with a middle mortgage score of 680.  When I started my journey back from my Bk, all my scores were mid 500's, below is what I have as of today.  For those still in the middle of your rebuild, stay focused, stay patient, and before you know it the credit doors will start opening...

myfico.png

 

Message 1 of 12
11 REPLIES 11
Valued Contributor

Re: My 2 Year Post BK 7 Rebuild

Congrats on all the hard work post  2 yr BK7.  You are on the right track!




UNpopular opinions have served me well and will offer that which has worked for me.
Message 2 of 12
Valued Contributor

Re: My 2 Year Post BK 7 Rebuild

Congrats!

Your next NFCU card could be a monster!

Rebuild started in 2014  -  $100k+ unsecured credit in 2017  -  $250k+ unsecured credit in 2019.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

10% Rotating - Discover                    5%-20% - Amazon & Lowes                3-6% Groceries - NFCU & Amex Preferred
3-5% Gas - NFCU & Ducks Unl         4% Dining & Entertain - Savor            3% Travel & Hotels - Flagship, Propel, & Uber
2% Everything Else - Flagship          1% Cancer Charity - Fifth Third          0% Finance Promos - Venture & QuickSilver





    
Message 3 of 12
Contributor

Re: My 2 Year Post BK 7 Rebuild

Amazing job, and thanks for the encouragement.Smiley Happy

Starting score 6/19 TR 567 Ex 589 EQ 540
7/19 TR 620 EX 595 EQ 577
8/19 TR 643 EQ 614 EX 612
Goal: 680 by 12/19
Message 4 of 12
Senior Contributor

Re: My 2 Year Post BK 7 Rebuild

Nice job. You should be proud of yourself. Let them puppies grow and hold off now till the inq's fall off and you should be in the 700's across the board!





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 5 of 12
Valued Member

Re: My 2 Year Post BK 7 Rebuild


@Shooting-For-800 wrote:

Congrats!

Your next NFCU card could be a monster!


I sure hope so.  I want to combine the two cards I have now into a $5000 CR card, then apply for a second card, just unsure what card I should apply for.

Message 6 of 12
Valued Contributor

Re: My 2 Year Post BK 7 Rebuild

Congratulations on your rebuild! That is fantastic work!

 

Keep on doing what you're doing!

 

Guyatthebeach

Message 7 of 12
Valued Member

Re: My 2 Year Post BK 7 Rebuild

Thanks everyone, I appreciate the kudos.  

Something else that I forget to mention, my Experian score jumped 25 points last week to give me a Fico 8 score of 719.  I know Discover uses Experian so I am positive that was the main reason for the large CLI.  However, what I dont know is why my score jumped up so high, but I won't complain...

Message 8 of 12
Valued Member

Re: My 2 Year Post BK 7 Rebuild


@Brothers wrote:

Thanks everyone, I appreciate the kudos.  

Something else that I forget to mention, my Experian score jumped 25 points last week to give me a Fico 8 score of 719.  I know Discover uses Experian so I am positive that was the main reason for the large CLI.  However, what I dont know is why my score jumped up so high, but I won't complain...


Sorry everyone, that was meant for a different post....

Message 9 of 12
Established Member

Re: My 2 Year Post BK 7 Rebuild

Congratulations..... I have a couple of questions for you..... How long after your BK did you apply for a truck loan? Also did you have a vehicle that you turned in during your BK process?

Message 10 of 12
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