Trying to help my brother out

[abbafan]

Hey everyone!

So my brother got his chapter 7 discharged. Dated February 2020. We pulled his fico reports today. Everything seems accurate; accounts included are reporting zero balances. Those accounts are from Citi, Chase, BofA, Capital One. How much longer should he wait before getting his unsecured credit card? Also, would it be a good idea to add him as an AU on one of my credi cards?

[pizza1]

He could try anytime now assuming all 3 of his reports are all reporting accurately/correctly. Yes, you can add his as an AU on your card, but ultimately he will want to get his own when he can.

Cap1 is the most forgiving, and he could try the pre-quals at Discover and Capital one. If they offer him secured cards, Id take them to get my feet again, and start building positive history.

Forget all the big name banks like BOFA, Citi, Amex, Chase, etc. for several years.

[DebtStinks]

Capital One is very forgiving. They (as of my last checking) require 12 months to have passed since the account was charged off or BK filed...based on the date of whichever came first. For example, if the account charged off in April 2019 but BK7 was filed in Jan 2020, you'd be "eligible" as of May 2020 which is a full 12 months after the charge off that came before BK7 filing.

Hope this helps! Best of luck!