Still unsuccessful 2months post discharge getting a credit card

[missgaonmymind]

So far I've had the harder end of obtaining credit post chapter 7 discharge. After about 4 dealerships I finally was able to obtain car loan at not so great rates. Also, I havent been able to obtain a credit card at all. I did include Cap 1, First Premier, and Credit One all amounts under $500. Since the discharge, none of them will budge with me. Credit one is listing on my report as a charge off, stating that my debt was a charge off before I filed. I've also applied to Barclays, Victoria Sec, and even a secured CC withy bank all of which have denied me. At this point my inquiries are starting to bringing my scores down, so the only thing I can do is wait. My reports are showing 98% of everything IIB, except for Credit One, which is reading as a charge off (disputed this several times). I'm not sure if there is anything else I can do. Any suggestions.?

[Scupra]

Sounds like you may need to start with a secured card that is BK friendly. After about 6 months of usage you should see some doors begin to open up.

[missgaonmymind]

Thanks, I will try that!

[Scupra]

No problem! Also look into getting a small secured loan with a bk friendly credit union. That way you have an open positive revolver and installment. That should make a huge difference in your success.

[missgaonmymind]

This is very encouraging. I did open an account with a credit union recently. I will stop in to see what options are available for my situation. Thanks!

[Scupra]

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@missgaonmymind wrote:

This is very encouraging. I did open an account with a credit union recently. I will stop in to see what options are available for my situation. Thanks!

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Make sure to ask all the questions you can before apping. Many CU's will help you out more than a big bank just saying, "apply to find out" haha

[0REDSOX7]

A charge off before filing is a valid trade line and would not be updated to IIB and zero balance.

Your discharge will prevent any further collection attempts on that debt should it have been sold.

[Anonymous]

Getting a Secured Sharing Savings Loan and Secured Credit Card with our CU was a great way to start after discharge. Just make sure they report to all three credit agencies. Best of luck to you.

[Anonymous]

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@0REDSOX7 wrote:
A charge off before filing is a valid trade line and would not be updated to IIB and zero balance.

Your discharge will prevent any further collection attempts on that debt should it have been sold.

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Are you sure about that? My understanding is that BK7 discharges and extinguishes ALL debt, with the exception of re-affirmed debt, tax debt and student load debt. Being a charge-off that has not gone to collections should not make a difference.

[missgaonmymind]

Yes, I can see how your scores have significantly improved in just a few months! Great job!