My rebuild story :)

[Scupra]

Hey everyone! Just wanted to spell out my rebuild to add to the already great rebuild stories after bankruptcy. I filed BK7 07/2012 after beating myself up for years. I had some medical issues that caused me to lose my job and incur a ton of medical debt. I was discharged in 10/2012 and found the "BK7 to 700" thread a little late. Now I have a built up savings account and an emergency fund to protect my financial future, and most of all credit.

- 10/2012 Cap1 opened at $500 ----> 04/2013 increased to $2,000 by auto CLI ----> 09/2104 increased to $5,000 by exec office request

- 10/2012 NFCU secured opened at $500 ----> 11/2013 unsecured and CLI to $7,000 ----> 08/2014 CLI to $14,000 by luv button

- 02/2013 NFCU opened at $1,000 ----> 11/2013 increased to $8,500 ----> 08/2014 CLI to $14,000 by luv button

- 07/2013 auto loan 4%

- 12/2013 NFCU $15k NavChek

- 02/2014 Barclay Arrival $3,000 ----> 08/2014 auto CLI to $4,500 I called in to recon limit and was increased to $6,000

It's been said many times and I will echo that there is life after bankruptcy and to just stick to the plan and be patient. Thank you to everyone on the boards for helping me get out of a bad situation and into a great one. Good luck everyone! 

[Luftty]

Wow!!

Congrats!! now i hope i can do the same some day

[Scupra]

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@Luftty wrote:

Wow!!

Congrats!! now i hope i can do the same some day

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Thank you! Just make sure to stick to the BK7 to 700 in 24 months plan!

[ordnance1987]

Hello Scupra, does the NFCU secured report as a secured card? I'm thinking I'm going to have to start with that because I can't get any prequalified cards. Does it automatically convert to unsecured after a year?

[Scupra]

The NFCU secured card does not report as secured. It has an auto review to graduate on your 12th statement. Was a great rebuild card for me!

[ordnance1987]

Thanks for the info, I will probably get it when I have the funds and if capital one denies me. Maybe even if i do get approved for the capital one. They don't do a credit check for it right?

[Scupra]

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@ordnance1987 wrote:

Thanks for the info, I will probably get it when I have the funds and if capital one denies me. Maybe even if i do get approved for the capital one. They don't do a credit check for it right?

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They will absolutely check credit for the secured card. I would apply for the unsecured nRewards card, if you don't qualify they will counter offer the secured version.. At least they do that when apping in a branch YMMV.

[grassfeeder]

I know this may come as a surprise - but almost exactly my reasonings for BK, dates, lines of credit, lenders, etc etc etc

[ordnance1987]

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@Scupra wrote:

They will absolutely check credit for the secured card. I would apply for the unsecured nRewards card, if you don't qualify they will counter offer the secured version.. At least they do that when apping in a branch YMMV.

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Thanks for clearing that up, I read online that for the NFCU secured loan they didn't do a credit check so I assumed the same for the secured cc. Will try to apply for the nRewards if I don't get it I'll call see if I can get the secured one

[Scupra]

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@grassfeeder wrote:

I know this may come as a surprise - but almost exactly my reasonings for BK, dates, lines of credit, lenders, etc etc etc

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hahahaha total surprise, NOT! You are my dang BK twin lmao. Still is so weird to me when I see your signature