Secured cards

[Anonymous]

So had my chapter 7 discharged, tried to get a secured Capitlone and Discover card, both denied. Any suggestions on how to build credit when I can't get any??

[Anonymous]

How recent is your chap 7 and when was it discharged?  If it's still relatively new that could be the reason why your being denied. If not, what else is on your reports? Any other negatives? What do your scores look like?

[Anonymous]

I had luck with Wells Fargo for their secured card. Capital one, Discover and BOA wouldn't show me any love for their secures cards.

There is always Opensky, there is no credit check for their secured card.

[FireMedic1]

Wells has shut the door on secured cards. Like the poster above me. Open Sky no HP to get started. Check with your bank also.

[Anonymous]

its been 3 weeks and everything is updated on my credit reports, only have 2 collection accounts and 3 credit card accounts included in my bk and an open student loan,  scores are around 545, trying to get a start on rebuilding but im not applying for anything else if i am going to get denied, should i wait a month or more before going any further?

[Anonymous]

Too soon. I'm going to assume you burned Cap1 and Discover? Cap1 and Discover both have waiting times if you burned them. I think its a year for Discover. I cannot remember the waiting period for Cap1. Just keep checking the prequal site every few months for both.

In about a month you will receive from mail offers from predatory banks. (High fees) If you're really diligent about monitoring your accounts you can use them (instead of them using you) to rebuild while you wait on Cap1 and Discover.

[FireMedic1]

You can grab an OpenSky Secured with no HP to start since you just got whacked with a couple HP's. Wait a couple months and check the pre-quals with Cap and Disco again. Disco usually isnt the first to approve. They like to see some other companies as the first ones that you'll prove yourself with responsible use. Merrick Bank is another good one that will double your CL with good use also.