@Anonymous wrote:
@recoveringfrombk7 wrote:
@Anonymous wrote:
No problem. Always glad to help.
The 2 year anniversary sounds like a
reasonable benchmark. I know PenFed
has the same policy (BK7 or BK13), so you
might wanna give AOD a call to find out for sure.
I think I missed the wave in terms of when restrictions may have been more lax. I am toting significant student loan debt -175k fed / 35k private (but that's down from 55k 2 years ago). Income is alright at 92k, but I've been reading about the paystubs/deductions/recalculations and I think my odds would be pretty low due to DTI from the student loans, especially now that they've had their surge. Going to just stick to my plan of 2 more NFCU cards and gardening until AMEX opens up at 5 years + 1 month. Navy seems to really like my profile, and I'm very happy now that I moved all of my accounts there. I think it's just a better fit. Really hard not to be tempted by the AOD card though. Really hard.
I would definitely sit this one out with those student loans. They'll calculate your payment at 2.5% of the balance of those loans.
@Anonymous yeah, figured as much. It's a shame because I'm on income driven repayment for the fed loans, paying 500/month and they are fully forgiven in 8 years because I qualify for PSLF. The private loan I pay at least 25% extra each month, sometimes a double payment. So I get the bk part, but the student loans are well under control.
It's okay though, there will be future unicorns when I'm in better shape! Thanks for the info.
@Anonymous wrote:
@recoveringfrombk7 wrote:
@Anonymous wrote:
No problem. Always glad to help.
The 2 year anniversary sounds like a
reasonable benchmark. I know PenFed
has the same policy (BK7 or BK13), so you
might wanna give AOD a call to find out for sure.
I think I missed the wave in terms of when restrictions may have been more lax. I am toting significant student loan debt -175k fed / 35k private (but that's down from 55k 2 years ago). Income is alright at 92k, but I've been reading about the paystubs/deductions/recalculations and I think my odds would be pretty low due to DTI from the student loans, especially now that they've had their surge. Going to just stick to my plan of 2 more NFCU cards and gardening until AMEX opens up at 5 years + 1 month. Navy seems to really like my profile, and I'm very happy now that I moved all of my accounts there. I think it's just a better fit. Really hard not to be tempted by the AOD card though. Really hard.
I would definitely sit this one out with those student loans. They'll calculate your payment at 2.5% of the balance of those loans.
Wait. So if my loan balance is 60K they calculated my payment at 1500 a month? Is that right? No wonder I was denied!
@Anonymous wrote:
@Anonymous wrote:
@recoveringfrombk7 wrote:
@Anonymous wrote:
No problem. Always glad to help.
The 2 year anniversary sounds like a
reasonable benchmark. I know PenFed
has the same policy (BK7 or BK13), so you
might wanna give AOD a call to find out for sure.
I think I missed the wave in terms of when restrictions may have been more lax. I am toting significant student loan debt -175k fed / 35k private (but that's down from 55k 2 years ago). Income is alright at 92k, but I've been reading about the paystubs/deductions/recalculations and I think my odds would be pretty low due to DTI from the student loans, especially now that they've had their surge. Going to just stick to my plan of 2 more NFCU cards and gardening until AMEX opens up at 5 years + 1 month. Navy seems to really like my profile, and I'm very happy now that I moved all of my accounts there. I think it's just a better fit. Really hard not to be tempted by the AOD card though. Really hard.
I would definitely sit this one out with those student loans. They'll calculate your payment at 2.5% of the balance of those loans.
Wait. So if my loan balance is 60K they calculated my payment at 1500 a month? Is that right? No wonder I was denied!
It's they're deferred, yes they did.
I didn't get around to posting in the other thread before it was locked, but I was also denied due to too many accounts in the last year. I'm ok with it. I barely applied, because I didn't want another new account. I already have five new accounts in 2020, three of which haven't appeared yet on credit reports, so another one would just add to my AA risk. Too bad I wasted a HP, but my main worry was being approved with a low CL.
@recoveringfrombk7 wrote:
@cr101 wrote:i'm glad that i saw your post. i'm not glad that you got declined
, but i've been questioning why they really declined me. i've seen ppl w much lower scores, bankruptcies, many more inquiries and new accts, low income, and i just wonder how they got approved.
Can you point me at some people who were approved with bk?
Right here. However 2 out of the 3 CBs no longer reporting my CK13, which is scheduled to come off June 10th.
Da** EQ still keeping that blemish on my report. 
