Nine days post BK: Capital One

[sphinx313]

Hey all,

If you have the time to look back at my previous posts from several years ago, I had a terrible medical issue (unexpected, when is it ever expected? That would be too easy.) and I used my credit cards to pay the debt like an idiot. Out of the tens of thousands of that debt, $3,000 of it was just me being a guy using credit. I consider myself to be very credit-responsible. I had one heck of a journey and I am on the other end. I had no interest in applying for anything, but I was reading another post about cards to get post-bk and saw that Capital One had a pre-qualify, so I said what the heck? Let's just start getting data points for this next rebuild.

To my surprise, the Quicksilver One with $39 AF showed up. I'd honestly rather the AF than a secured card so I don't have to tie up any capital. $39 is worth it. Went ahead with it....approved for $3,000. What in the world!?!

Some data points:

Discharge: 8/6/19

Income: Above $60k

Current FICO: TU: 611 (~690 FAKO's)

Zero debt

Capital One IIB for over $6,000. Two months before filing they were filing to sue me. Whaaaaaatttt...

If you have any other questions I will happily answer. Not sure what other data you all may want. I am shocked. I plan on using the card strictly to buy our groceries every week and pay it off when I get home. I have an AU card that holds a small balance to help with that.

Rest assured I now have very good health insurance and will not make the same mistake of using cards to prevent collections. Go figure, about 6 months after I paid off all the debt so it didn't hurt me in collections they state medical debt will no longer hurt your credit. That's just my luck.

[Meanmchine]

The thud you just heard was my jaw hitting the floor

Congrats !

[Anonymous]

good luk on your rebuild ....... congrats

[M_Smart007]

Congrats!!

[Jannelo]

That's amazing.  I love my QuicksilverOne, no matter what some say on here.  As a rebuilder, who started back low, in the low 520s with only low $300 limits to begin with on my other CapOne and a Green Dot secured card, receiving that QuicksilverOne with an unexpected  $1,000 SL was fantastic and the 1.5 percent cash back.   The $39 is a very small price to pay as a rebuilder with few decent options.  I spend money on more frivolous things than that over the course of a year.   So it doesn't bother me.

From reading on here, it seems CapOne loves a lot of usage on their card, paying in full, in order to receive nice CLIs.  So keep that in mind.  I've been following that, so I will soon see, in about a week, after hitting my credit steps if I receive more than the promised $500 CLI.

But  congratulations!   Your starting limit is really fantastic for just being nine days post BK.  I'm envious.

[Anonymous]

Congrats on your Cap One QS1 approval! Good luck with you rebuild! 

[Anonymous]

Awesome Brotha! Congrats!

[Anonymous]

QS One 300 limit was my first card post bk 7 and I’m doing amazing. I’m rooting for you!

[gdale6]

Congrats, some cannot get back in for at least a year especially after IIB them!

[FireMedic1]

That might be a new record. Wow. Congrats! You wouldnt happen to be dating Richard's (CEO) daughter?