Post Bankruptcy Help

[Anonymous]

Hello:

         Thanks in advance for reading this and any help you can provide.  I am one month post bk and have no clue how to proceed forward.  My current profile is:

US Bank Secured $300

Capital One Quicksilver $300
NFCU Secured $300

NFCU SSL Loan $250( did not realize that was a mistake)

Student Loans $67000

Income $85000

Fico 8 Scores:

Experian 624

Trans Union 579

Equifax 625

I am at a loss on what to do now to rebuild?  Should I be going for credit line increases?  Is there a value in getting anymore credit products?  Again thx for any feedback provided, hope your own rebuilds go well.

[Caliboy97]

Looking at that since you have 5 open lines of credit I would probably just say start letting your credit age a bit and build that payment history. 

From what I read it is a long term game and letting stuff age is good. Credit unions are good if you want to add a card. My income is around yours and I got approved for a 1K credit limit from schools first this week. Rest of my accounts almost looks identical to you. 

[Anonymous]

Thx for the response, ans yes are fico score profile does look similar. Hope your rebuild finds success, this board is full of success stories and knowledgeable people which is encouraging to people like me at the beginning. 

[Shooting-For-800]

I would not apply for anything else for 7-13 months.

Merrick May send you offer with a preapptoved credit line.

I would do Merrick.

I would check for Discover prequal in 7+ months.

Otherwise, use and pay your cards.

[Mjhall85]

Like all the above have  said ,just let your cards age now. I got all my trade lines and now I'm not applying for anything till next august so will give me over a year post bk and scores should be near 700. Your rebuild is off to a good start. Just remember it's a marathon not a sprint. 

[angelofmusic86]

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@Anonymous wrote:

Hello:

         Thanks in advance for reading this and any help you can provide.  I am one month post bk and have no clue how to proceed forward.  My current profile is:

US Bank Secured $300

Capital One Quicksilver $300
NFCU Secured $300

NFCU SSL Loan $250( did not realize that was a mistake)

Student Loans $67000

Income $85000

Fico 8 Scores:

Experian 624

Trans Union 579

Equifax 625

I am at a loss on what to do now to rebuild?  Should I be going for credit line increases?  Is there a value in getting anymore credit products?  Again thx for any feedback provided, hope your own rebuilds go well.

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First, congrats on the discharge and the start of the rebuild process.  I'd recommend you garden for a while now.  I was discharged in October, am only at 3 cards, but am holding off on any more applications until April.

[Anonymous]

Thanks to all that have replied. I had my fico premier update today.

Equifax 616

Trans Union 579

Experian 624

bk discharge 11/11/20

NFCU Secured 300

Us Bank Secured 300

Capital One Quicksilver 300

NFCU Installment Loan 250

Student Loan 67000

Income 85k

I guess AZEO and Gardening all of 2021?  Is that the only way to rebuild during your first year post BK?  Thanks for reading this and your time, hope everyone's holiday is ok, realize most of us would like to put 2020 behind us, actually I should just speak for myself.  Take care.

[Anonymous]

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@Anonymous wrote:

Thanks to all that have replied. I had my fico premier update today.

Equifax 616

Trans Union 579

Experian 624

bk discharge 11/11/20

NFCU Secured 300

Us Bank Secured 300

Capital One Quicksilver 300

NFCU Installment Loan 250

Student Loan 67000

Income 85k

I guess AZEO and Gardening all of 2021?  Is that the only way to rebuild during your first year post BK?  Thanks for reading this and your time, hope everyone's holiday is ok, realize most of us would like to put 2020 behind us, actually I should just speak for myself.  Take care.

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Time is your friend. 
You have a nice credit mix with the three revolvers and two installment loans so my advice is to garden for 6 months to a year.