@Anonymous wrote:You have all of this to say yet I got a Quick Silver Signature Visa Card 6 months after BK, and 6 months later my limit was increased to $10,000. Haven't said that I dare say you all don't under stand how the credit
You had an 8 year AAoA coming out of bankruptcy. Going to assume that's student loans or a mortgage. An 8 year AAoA is considered a thick file and appears to be the minimum in order to get a perfect fico. Seeing as how you emerged from BK with that, you have a distinct advantage over someone who had everything wiped out in a BK. It's an advantage over most people re/building their credit as well. A thick file can weather derogatories much better than a thin one. In another thread, a member mentioned being able to get to the mid-700s despite a 120 day late only being 3 years old thanks to the thickness of his file. Someone with a thinner file would be hindered for the majority of the 7 years it was being reported as it is a major derogatory and typically holds its strength until it falls off. So, you can keep flaunting your limits, but you got a major headstart over most people and most situations. Reset your AAoA to 0 at discharge and you'd probably be complaining about being bucketed by Cap1 as well.
