Your including some of the major banks, some who have very long memories about BK.
I would take that money you wanted to open the secured card with and try to pay make payments on atleast one of those cards to try to get current and see if you can keep it
I would take that money you wanted to open the secured card with and try to pay make payments on atleast one of those cards to try to get current and see if you can keep it
@Icy, congrats on geting the ball rolling on your BK. There is nothing sweeter than the sound of silence when the phone stops ringing off the hook.
I just wrapped up the second year of my rebuild after my Chapter 7 discharge in November of 2015. I know what you mean about predatory cards, as I started to rebuild with a Credit One card and my Cap One. I was irritated that I had to spend $80 to get a $500 CL on Credit One, but I have come to believe that in some cases (especially mine) it's possibly just the cost of doing business and keeping the card for one year isn't bad. That card along with my Cap One, gave me a huge kick start. I used them both several times a month and made multiple payments so they always posted at zero. I did this over and over for six months.
I know you may not be able to get in with Cap One right away but I would say, consider a secured card at a local credit union as an option. While I was doing my first six months, I sent out emails to a zillion local credit unions, explaining that I had just been discharged from a Chapter 7 and told them that I was looking to build a relationship with a local credit union and I was wondering if they worked with people who were rebuilding. A bunch never answered, some said no and a couple said they were happy to work with me. They both offered secured cards with no original HP and while I never took them up on the card offer, I went with one that was a game-changer for my rebuild.
You may find that there is a local CU that would love to help you get reestablished. Another amazing option is Navy Federal CU if you have ever served in the military OR have a family member who served. They are VERY BK friendly and have a great secured card option.
Your BK will be in the rear view mirror soon and you'll be on your way to a fresh start. I will look forward to following your journey and I wish you major success in the very near future.
Chapter 7: Discharged November 2015
Total Revolving Credit Lines 1 month post discharge: $2600
Total Revolving Credit Lines 1 Year post discharge (Nov. '16): $86K, Total with installment loans: $174K
Total Revolving Credit Lines 24 months post discharge (Nov '17): $207K, Total with installment loans: $350K
11/15 Fico 8: EQ-585, TU-550, EX- 551
01/18 Fico 8: EQ-707, TU-704, EX-691
Inquires: Next subject please.
Awards: World's VERY worst gardener x 1000! 'I'd like to thank the academy...'
wrote:@Icy, congrats on geting the ball rolling on your BK. There is nothing sweeter than the sound of silence when the phone stops ringing off the hook.
I just wrapped up the second year of my rebuild after my Chapter 7 discharge in November of 2015. I know what you mean about predatory cards, as I started to rebuild with a Credit One card and my Cap One. I was irritated that I had to spend $80 to get a $500 CL on Credit One, but I have come to believe that in some cases (especially mine) it's possibly just the cost of doing business and keeping the card for one year isn't bad. That card along with my Cap One, gave me a huge kick start. I used them both several times a month and made multiple payments so they always posted at zero. I did this over and over for six months.
I know you may not be able to get in with Cap One right away but I would say, consider a secured card at a local credit union as an option. While I was doing my first six months, I sent out emails to a zillion local credit unions, explaining that I had just been discharged from a Chapter 7 and told them that I was looking to build a relationship with a local credit union and I was wondering if they worked with people who were rebuilding. A bunch never answered, some said no and a couple said they were happy to work with me. They both offered secured cards with no original HP and while I never took them up on the card offer, I went with one that was a game-changer for my rebuild.
You may find that there is a local CU that would love to help you get reestablished. Another amazing option is Navy Federal CU if you have ever served in the military OR have a family member who served. They are VERY BK friendly and have a great secured card option.
Your BK will be in the rear view mirror soon and you'll be on your way to a fresh start. I will look forward to following your journey and I wish you major success in the very near future.
Chapter 7: Discharged November 2015
Total Revolving Credit Lines 1 month post discharge: $2600
Total Revolving Credit Lines 1 Year post discharge (Nov. '16): $86K, Total with installment loans: $174K
Total Revolving Credit Lines 24 months post discharge (Nov '17): $207K, Total with installment loans: $350K
11/15 Fico 8: EQ-585, TU-550, EX- 551
01/18 Fico 8: EQ-707, TU-704, EX-691
Inquires: Next subject please.
Awards: World's VERY worst gardener x 1000! 'I'd like to thank the academy...'
Dude...That is bright blue! Seriously, any chance we can tone that down a little LOL? I couldnt even read it, I had to look away, my eyes crossed, LOL.
@pizza, hopefully that's better! Sorry about that, doesn't look so bright on my phone!
Have a good week ahead!!
wrote:@Anonymous, hopefully that's better! Sorry about that, doesn't look so bright on my phone!
Have a good week ahead!!
Ahhhh, thats WAY better to my old eyes, LOLOL... thank you sweetpea! 
