Discover IT approved after bk7!!

michaels88369 · ‎05-13-2016

So after reading all this hype of everyone getting approved for the Discover IT card after bk, I decided to give it a shot. I applied and was shaking while it was searching. Finally came back and said I wasn't approved for the terms in my pre-approval. But did say I was still eligible for a new set of terms, I gladly accepted! SL is only $800 but I'm ecstatic! Can't believe I'm finally in with Discover. In the garden for the next 2 years. Cancelling Credit One in the morning and letting my new seedlings grow!!!

Credit conscience!

Anonymous · ‎05-13-2016

It's true! There are quite a few getting in with Discover after fairly recent bankruptcies. Congrats to you!!

michaels88369 · ‎05-13-2016

I was discharged 7-7-15. Filed 3-31-15. I can't believe my eyes lol

Credit conscience!

Taoron · ‎05-13-2016

@Anonymous wrote:
It's true! There are quite a few getting in with Discover after fairly recent bankruptcies. Congrats to you!!

I got in for being a student but cannot get a CLI. I think that card is going to be stuck at $500 forever.

Capital One Venture Visa Signature Cards $38,000 @17.9% APR since May 2015

Capital One Quicksilver Cards $6,500 @17.9% APR since May 2015

BCU Cash Back Visa $6,000 @12.25% APR since May 2015

Barclaycard Rewards Card $5,050 @22.99% APR since February 2015

NFCU cashRewards Signature Visa $12,500 @14.90% APR since March 2016

Barclaycard CashForward World MasterCard $1,000 @22.99% APR since March 2016

Discover it Card $500 @21.99% APR since April 2015

Paypal Credit $2,500 @19.99% APR since March 2015

Amazon Credit $2,500 @25.99% APR since March 2015

Newegg Credit $500 @29.99% APR since October 2015

Filed BK7: 04-03-14 / Discharged: 07-08-14

Merrick Bank $1,400 @22.99% APR since July 2015

BCU Secured Card $600 @18% APR since August 2014

NFCU Navchek $500 @15.9% APR since March 2016

Anonymous · ‎05-13-2016

Taoron,

When did you get your Discover (student) card? Your other cards and credit lines look great. Discover is an odd one at times.

Taoron · ‎05-13-2016

@Anonymous wrote:
Taoron,

When did you get your Discover (student) card? Your other cards and credit lines look great. Discover is an odd one at times.

April 2015. I've never had a late payment, etc. The reasons they list: "Bankruptcy, no recent installment loan information"

michaels88369 · ‎05-13-2016

How often does Discover give CLI?

Credit conscience!

RonM21 · ‎05-13-2016

Congrats OP

Total CL: $321.7k

UTL: 2%

AAoA: 7.0yrs

Baddies: 0

Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

michaels88369 · ‎05-13-2016

Thank you!

Credit conscience!

Anonymous · ‎05-14-2016

I received CLI's on my Discover 3 months after approval, then another 3 months, then five months. But, reading these forums, there seems to be many who get increases much more often. I guess it really depends on your credit profile, your usage, your util, your income, your payment history, if you have baddies that they're still watching, and so on. For me, I still have baddies from 2009 that will be dropping off my CR 's in July, Aug and Sept. I never filed BK, so I have no public records.

But, DH's Chap 7 was d/c in 7/14. His scores have recovered so quickly (with some in the low 700's now), that when Discover did open their doors to him, they gave him a cl of $4K (my cl at approval was $800). He was approved on 4/22, and since it's only a sp (they'll let you know if it's not), he'll be hitting the luv botton just about 31 days after his approval, which will be coming up soon.

Hope this helps, Op!