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Secured Card before D/C?

raisemysc0re
Frequent Contributor

Secured Card before D/C?

My brother-in-law is in BK13 and is scheduled to be discharged in 8 months.

Is there a secured card he can get to at least start the rebuild process early?

Chapter-13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 9/2020 - (EQ 809| TU 786 | EX 788)

Total CL 172+k

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1 REPLY 1
NemoEsq
Valued Member

Re: Secured Card before D/C?

He needs to check with his attorney/trustee, as he might not be allowed to get new debt until discharge.

 

That being said, OpenSky and GreenDot are secured cards that he *could* open without a credit check that report to the credit bureaus and are recommended on here for rebuilding. My trustee didn't care so I opened a OpenSky account and have it reporting to the three bureaus.

Chapter 13 BK
✓ Filed 4/10/2020
✓ Meeting of Creditors 6/4/2020
✓ Deadline to File Claims 6/23/2020
✓ Confirmation Hearing 8/11/2020

Credit scores as of 8/18/2020:
EX: 554 | TU: 552 | EQ: 592
Message 2 of 2
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