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Self Lender Question

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Frequent Contributor

Self Lender Question

Hello Everyone:

 

Our BK Chapter 7 was filed on 06-06-19.  Our MOC is on 07-15-19.  I was interested in getting a rebuilder loan with Self Lender.  Does anyone have experience with them?  Am I allowed to open accounts while chapter 7 is open?

 

Thank you,

Chapter 7 BK Filing 06-06-19 MOC 07-15-19
518 - 06-19-19 Experian FICO Score 8
447 - 06-17-19 Transunion VantageScore 3.0
518 - 06-17-19 Equifax VantageScore 3.0
Student Loan Opened 04-2012 Deferred
Auto Loan Opened 01-2017 Never Late
Auto Loan Opened 01-2017 Never Late
Auto Loan Opened 09-2018 Never Late
Message 1 of 4
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New Contributor

Re: Self Lender Question

Hi,

 

I opened mines before my Ch.7 was discharged. It helped boost my scores up. Double check with your lawyer if you have one but I do believe it's okay. Also, I have no issues with the company or signing up. Everything has been smooth.

 

-Ash

 

Ch.7 Filed - 2/1/2019; Discharged - 5/17/19
Current Score: Eq 636, Trans 616, Ex 616
Current Cards: CreditOne - $300, Fingerhut - $300, Ollo - $300
Message 2 of 4
Frequent Contributor

Re: Self Lender Question


@CostantinoA wrote:

Hello Everyone:

 

Our BK Chapter 7 was filed on 06-06-19.  Our MOC is on 07-15-19.  I was interested in getting a rebuilder loan with Self Lender.  Does anyone have experience with them?  Am I allowed to open accounts while chapter 7 is open?

 

Thank you,


Some will tell you not to do it until you are discharged, but I got a Self Lender loan (no issues, you'll love it) after the MOC. I also got a Credit One card because I wanted to start rebuilding. I had a well known ruthless lawyer and he said go ahead on applying. Smiley Wink

BK CH7--Filed September 25, 2018--D/C Jan.4, 2019
{FICO8 Feb.12, 2019--TU 580--EX 600--EQ 626}

Credit One Visa ($500 now $700) Nov. 2018
SelfLender (2 year) Nov. 2018
Capital One Platinum MC ($2000) Jan. 2019
Target RedCard ($500) April 2019
Venus Comenity ($500) May 2019 no HP


FICO 8 SCORES: 06-02-2019616 TU613 EX638 EQ
Message 3 of 4
Established Member

Re: Self Lender Question

I just opened my Self Lender account last month (mid May) and did my first payment on June 1.  They already reported it and it shows on my CR!  whoooohoooooo!

Chap 7 BK discharge date 10/15/18
FICO's as of 6/13/19:
Experian - 613 TransUnion - 671 Equifax - 672
No cc's at this time.
Message 4 of 4