NFCU cap one credit cards please help chp 7

[Scupra]

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@SSH0126 wrote:

Thanks. I am 10 out. married now. I am trying to figure out what to do about my credit cards..someone advised that we can not reaffirm those..so it sounds like we would have to give them up. our scores are low 400's now due to collections high uti and some lates.and spouse can not get even a secured card at this point. wondering if we would drop into the 300s with a chap 7 bk

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From the little we know it sounds like BK is the choice for you. Your score may drop, it may go up.. Main point of concern should be you and your families well being. Scores can be improved, us humans can only handle so much though.

[SSH0126]

I owe a VA overpayment for a school benefit. I am still eligible for the benefit. its for school kinda like a gi bill

If I file chapter 7 and include this debt..I not sure that anyone knows but will they take it away from me? 

Can it even be included in the first place it is 1900.00

[gdale6]

Multi threads have been merged into one

[SSH0126]

True but the fact of the matter is that that number(credit score) means more to people and creditors than the person/family thus why I am trying to figure this out if that makes sense. 

[Anonymous]

Look into an open sky secured card this may be a good deal for you

[jmclaughlin1982]

Credit union, credit union, credit union. They're awesome. They have something called a "credit builder loan." Basically they "loan" you an amount of money ( I took out $1000) which is deposited into a savings account. That money is blocked and you can't touch it. At the end of your payments (I chose 12 months) you get your $1000. Great option for those of us who don't have a thousand dollars sitting around to put into a secured loan.
I also put $1000 into a traditional secured loan. Same idea, but I'm using my own money. Finally, I HIGHLY recommend Capital One secured. They have a $29, $59, $99 card. Basically you apply and they tell you how much you have to put down. I got a $99 card with a $200 limit. I put an additional $200 in for $400 limit! And I burned Cap 1 on 3 cards I. BK.

[SSH0126]

and what was your score when you did the credit builder loan? 

[SSH0126]

and what was your score when you did the credit builder loan? 

[SSH0126]

Currently have a NFCU checkings savings and secured credit card have actually had it for a long time with high uti..since they seem to be one of the better instiutions to work with and are forgiving..how likely will it be for them to consider us after a chapter 7 bk? since I dont think we are allowed to pay them in full before filining..its a small amount..

Same thing with capital one..I personally have two cards with them..i pay the mins but they are over the limit..how likely would it be for them to work with me post BK(reading the pinned steps)

[Scupra]

Are you able to close the card and use the initial deposit to pay the balance off?