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My journey thus far after Chapter 7 - 8 months post discharge

jayhawk05
Established Member

My journey thus far after Chapter 7 - 8 months post discharge

Hey all, I just wanted to share my journey after filing for Chapter 7 bankruptcy, hoping that I can help anyone in the same situation and will glady take any advice and feedback for my journey going forward. After a nasty divorce leaving me with only my clothes, laptop and a NFCU credit card with a 25k credit limit, I moved back in with my parents. To get everything needed for my own place and while finding a new job, I maxed out that credit in about two years. After the all the calls and bank account garnishments (checking with NFCU as well), I filed for Chapter 7 in March 2021; it was discharged in June of 2021.  Since then, I have been given the following lines of credit:

 

6/2021 - Mission Lane - $1,000 limit

8/2021 - Capital One Platnium - $300 limit

8/2021 - Mercury - $1,100 limit (increased from $750 in 12/21)

11/21 - Local credit union auto loan, 3.9% as a joint account

1/22 - Kohls - $300 limit

 

My scores are as follow (FICO 8):

EQ - 646

EX - 633

TU - 657

 

My goals in the near future are to apply for a Military STAR card to add another positive tradeline as I have heard they are very BK friendly. I also would like to buy a new home in mid-2023 with the VA home loan and secure a Capital One Venture card. 

 

FICO 8 as of 1/16/2022:


Current Cards:


Goal Card:
Message 1 of 5
4 REPLIES 4
MileHigh96
Regular Contributor

Re: My journey thus far after Chapter 7 - 8 months post discharge

I would highly recommend getting in with PenFed. Three months post discharge I opened a savings account with them, and then four months post discharge I applied for one of their cards and was approved with a $6K limit, which is by far the highest of any of the lines I opened post discharge. They are very BK friendly.
BK7 discharged - 06JUL2021
Loans:

Revolving Accounts:

FICO8 Scores on 11/22/2021:

FICO8 Scores on 05/18/2022:
Message 2 of 5
Irv02
Established Contributor

Re: My journey thus far after Chapter 7 - 8 months post discharge

You seem to be moving right along!! Congrats on all of your approvals!!

Message 3 of 5
jayhawk05
Established Member

Re: My journey thus far after Chapter 7 - 8 months post discharge


@MileHigh96 wrote:
I would highly recommend getting in with PenFed. Three months post discharge I opened a savings account with them, and then four months post discharge I applied for one of their cards and was approved with a $6K limit, which is by far the highest of any of the lines I opened post discharge. They are very BK friendly.

Thanks! I just opened up a saving account with them. I appreaciate the help!

FICO 8 as of 1/16/2022:


Current Cards:


Goal Card:
Message 4 of 5
jayhawk05
Established Member

Re: My journey thus far after Chapter 7 - 8 months post discharge


@Irv02 wrote:

You seem to be moving right along!! Congrats on all of your approvals!!


Thank you!

FICO 8 as of 1/16/2022:


Current Cards:


Goal Card:
Message 5 of 5
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