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US Bank denial after ch7

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MyDataMyChoice
Valued Contributor

US Bank denial after ch7

Spoke to sr underwriter at US Bank only reason for a denial was ch7

 

rule is 48 months from FILING date     

I took the Experian hit.   711 score

 

food for thought 



Message 1 of 5
4 REPLIES 4
CreditMagic7
Mega Contributor

Re: US Bank denial after ch7

Thank You for sharing what you came away with from one of their senior analyst in correspondence.

 

I wonder regarding their Secured Cards (which DO graduate) if it is simplier more available in comparison.

Message 2 of 5
TryItAgain
Regular Contributor

Re: US Bank denial after ch7

I got my $5000 US Bank secured just 1 month after my 2012 bk discharged. They said would not be eligible to flip it to unsecured until 5 yrs.

 

5 yrs after, I made the call, underwriter handled it manually into the 5% rotating 2 category cashback unsecured card, and sent me a cashiers check with interest for my 5k. I've used it ever since for utilities and cell bills.

 

If you do get the secured card and can afford the 5k max, do it if you don't already have larger limit cards. It seems to help new cards start higher after some history reports. YMMV.

 

 

(Ch7 Discharged 12/12) AvgScore 807

Personal-
NFCU Platinum 50k | NFCU Flagship 20k | NFCU More Rewards 10k | NFCU NavChek PLOC 15k | PenFed Power Cash 25k | PenFed Gold 15k | PenFed Pathfinder 10k | PenFed OLOC 3K | GTE Financial CU 15k | VyStar CU Cash Back 25k | VyStar CU PLOC 15k | FNBO Evergreen 25k | FNBO 11.85K | BofA Cash Rewards 10.1k | Capital One Venture 13k | Capital One QS 7k | PNC Cash Rewards 15.5k | Citi Costco 8.5k | US Bank Cash+ 10k | Discover 14.8k | Discover 14.1k | Regions Cash 6k | Truist Enjoy Cash 9k | Truist Future 6.5k | Elan Max Cash 7k | Wells Fargo Reflect 20k | Fifth Third 7k | USAA PrefRew 15k | CFNA Tires Plus MC 8k | GM Rewards 3.5k | TD Bank Cash 3.5k | Amex BCP 3K | Lowes Store 30k | Sleep Number Store 13.5k | Home Depot Store 10k | Amazon Store 10k | Care Credit 15k | Walmart Store 6k | JCrew 25k | Jared 18.6k | HSN 4.1K | King Size 4k | Buckle 3.1k

Business-
Amex BBC 25k | Amex BBP 22k | Amex Business Platinum NPSL 30.4kPoT | Citizens Business Everyday 35k | Sams Club Business MC 25K | US Bank Business Plat 24k | Capital One Spark 2% 22k | Marcus GM Business 12.5k | Capital On Tap 2% 10k | Chase Ink 3k | Divvy 7k | PNC BLOC 50K | Citizens BLOC 50K | (Private) BLOC 75K | WEX Business Access Fuel 30k | Sams Bus Store 25k
Message 3 of 5
pizza1
Community Leader
Super Contributor

Re: US Bank denial after ch7

They must have lowered the time frame, because as of recent its 5 yrs post filing. I filed 05/2013, applied in June 2017, declined..told 5 years. reapplied in 06/2108...approved. I also had opened a business account with them when I applied. One month later approved for a business card. Still have them all.
Message 4 of 5
FireMedic1
Community Leader
Mega Contributor

Re: US Bank denial after ch7

@MyDataMyChoiceIs this for the unsecured card? Two yrs after filing if they werent burned? What other cards do you have that arent displaying? Says 96k but the cards say 61k. I thought they were off limits with a BK.


Message 5 of 5
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