@JcT21 wrote:
i was asking in general. however i burned (bk13) amex, discover, cap1, synchrony, bank of america, citi & chase. most of the big ones that i want to eventually get back in their good graces. during 3 year payment plan each bank got paid back a portion of the balances owed & the rest were wiped out on discharge in dec 2020. i havent applied for amex, b of a, chase or citi. as i know its probably just a waste of a hp right now. i have tried the pre qual for synchrony and discover but was denied based on unsatisfactory prior account.
im back in with cap1 just a few weeks after discharge with a $3,300 SL.
i also have credit one, ollo & aspire to help during this rebuild process. im an AU on my wifes synchrony pay pal MC with all her history reporting to my credit file. but its not helping me get back in with synchrony yet. i have a checking & savings with discover bank in hopes that might help get my foot in the door again. so far no luck.
november 2021 will be 4yrs since i filed and nearly 1 year since discharge. all closed accounts that were IIB are scheduled to fall off my reports on may 2024 & my bk13 will drop off in november 2024.
@JcT21 , thank you for the information, thats helps us out a lot. So, since you were a BK13, and only a partial payback, thats makes this situation unique. Amex is 5 yrs plus 1 mo post FD to re-apply, some cases it can be DC date, IF they weren't IIB. If they were IIB.....much longer...years. The accounts that were IIB would need to be paid back in full before they would re-consider. Only way to know in your situation with a partial pay back would be to try applying at the 5 yr plus 1 mo post DC date in your case. If you apply and instant deny with no HP, then you're still BL, and they wont consider you for an account till the previous IIB account was completely paid back.
Chase...forget it. At least 10 years, and your BK must be off reports. Even when off reports, you will still be flagged in their system. There is confirmation that even with a BK13, and its off reports, they still BL for 10 years. You can try applying, and if denied can always call into UW and plead your case and ask for reconsideration. Chase in the last 4-5 years have really cracked down on BK people.
Citibank...there are two sides to them...the retail side (Home Depot, macys, Bloomingdales, Best Buy etc..), and then their legacy side with all their branded cards (the ones on their home web page). The retail side is much easier to get after BK. I was able to get back in with them at like 1.8 yrs post FD with the Home Depot card, and they were burned on both sides in my BK7. The legacy side....that will be a challenge as well. At least 6-8 years post DC, maybe sooner depends on overall profile. I was able to get the Citi Costco Visa (legacy card), 6 yrs plus 1 month post DC date. They do have a secured card you can apply for that will graduate at the soonest 18 months (with very good behavior), and that card graduates to the Diamond Preffered card (a legacy card). Again, with your particular situation, Id wait till at least 6 yrs plus 1 mo post DC date before trying.
Discover is very sensitive, but I would keep trying their pre-qual seeing if they offer you a secured card. IF they do, Id take, because it will graduate. But, Id not try again for at least 6 months.
Synch is also very different now, they were a big burn in my BK, and I was able to get back in I believe 1.5 years post DC. Again, keep trying their pre-qual pages, and the SCT with their stores cards to see.
BOA is another lender thats very tricky. I never had had them before in my life, and was always declined before and after my BK, but finally 5 yrs after my DC in (2018) on recon, I finally got a non secured card, SL $800, that Ive never gotten a CLI on, even thru multiple recons. Im hoping that once my BK is off reports in 2 years, I'll have better luck. They do have a secured card as well, but since they were partially paid back in your BK, it may be awhile for you.
Not what you wanted to hear Im sure, but then again, none of us want to hear it. It is what it is...we burned a lender and they lost money, so Im not surprised (even me) when a lender declines you for your past. Just keep doing what your doing, and building postitive payment history post DC. Thats the main thing right now, plus you have plenty of cards to rebuild with currently. As soon as you're able to get a another card, Id get rid of credit one asap. Time is your friend.
