My rebuilding story

[Anonymous]

Hi everyone!  I've posted before but wanted to give my story/update.

Filed BK Sept 2015 and took a while to come up with the money for the BK7.  Finally filed Jan 2016, 341 creditor meeting was 2/13/2016 and discharged on 4/13/2016.

We were going to keep two vehicles we financed originally but ended up surrendering them.  Was able to get 2 car loans.  We now own a 2013 Passat and a 2012 Nissan Maxima.  Beautiful cars, low miles and fully loaded.  Had to put some money down on both but this helped my credit score boost.  The interest is a little high but I work at CU so I will be refinancing after I"ve made a few payments.

Applied for a Credit One card and was approved for a CL of $400.  Last week after making a payment, I got an email saying I got a CL increase of $200.00 so now my CL is $600.

Not sure what my next steps are but as of today, my EX is 561 and my EQ is 661- not sure how or why both scores have a 100 pt difference but I'll take it!

So for anyone discouraged, there is hope after filing a CH 7, just be patience and monitor your scores closely.

Melissa

[armymom]

Did you include Capital One in your BK?  If not try their prequalifier. The are very BK friendly.   If they were included wait about six months and try.

[Anonymous]

Yes we did burn them pretty badly.  I haven't tried them yet though.  

[Anonymous]

Congrats on the approval and thanks for sharing.

[Vegas4Play]

Congrats to you in getting through the process and good luck with your rebuild.

[Anonymous]

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melbueno wrote:

Hi everyone!  I've posted before but wanted to give my story/update.

Filed BK Sept 2015 and took a while to come up with the money for the BK7.  Finally filed Jan 2016, 341 creditor meeting was 2/13/2016 and discharged on 4/13/2016.

We were going to keep two vehicles we financed originally but ended up surrendering them.  Was able to get 2 car loans.  We now own a 2013 Passat and a 2012 Nissan Maxima.  Beautiful cars, low miles and fully loaded.  Had to put some money down on both but this helped my credit score boost.  The interest is a little high but I work at CU so I will be refinancing after I"ve made a few payments.

Applied for a Credit One card and was approved for a CL of $400.  Last week after making a payment, I got an email saying I got a CL increase of $200.00 so now my CL is $600.

Not sure what my next steps are but as of today, my EX is 561 and my EQ is 661- not sure how or why both scores have a 100 pt difference but I'll take it!

So for anyone discouraged, there is hope after filing a CH 7, just be patience and monitor your scores closely.

Melissa

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Congratz

and wonderful achievement with your Patience!

[Guyatthebeach]

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@Anonymous wrote:

Hi everyone!  I've posted before but wanted to give my story/update.

Filed BK Sept 2015 and took a while to come up with the money for the BK7.  Finally filed Jan 2016, 341 creditor meeting was 2/13/2016 and discharged on 4/13/2016.

We were going to keep two vehicles we financed originally but ended up surrendering them.  Was able to get 2 car loans.  We now own a 2013 Passat and a 2012 Nissan Maxima.  Beautiful cars, low miles and fully loaded.  Had to put some money down on both but this helped my credit score boost.  The interest is a little high but I work at CU so I will be refinancing after I"ve made a few payments.

Applied for a Credit One card and was approved for a CL of $400.  Last week after making a payment, I got an email saying I got a CL increase of $200.00 so now my CL is $600.

Not sure what my next steps are but as of today, my EX is 561 and my EQ is 661- not sure how or why both scores have a 100 pt difference but I'll take it!

So for anyone discouraged, there is hope after filing a CH 7, just be patience and monitor your scores closely.

Melissa

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Congratulaions on your CLI.

Have you tried joining Navy Federal or PENFED yet? I posted a way to join you aren't military that is 100% legal.

Don't worry about your EX score because I had the same issue. A year or so after my discharge, my scores increased nicely.

Guyatthebeach