BK Friendly Credit Cards Listed

[letsgo720]

Here are my recent CC app experiences.. BK13 filed in 6/05.

Recent Credit Scores:

Equifax - 651

Experian - 640

TU - 630

1. Approved - HSBC - $500 Limit, 14.9 APR, $59 Annual Fee

2. Approved - JCP - $300 Limit, no AF

3. Declined - Hooters - Twice.

4. Declined - Juniper US Airways

5. Declined - Patelco Visa

[Anonymous]

Question (Letsgo720)

I was looking at your app declines...

Do you only have 2 tradelines reporting???

I know on the juniper it has been said they there is more chance of sucess by mail invite. There was a thread on hooters that suggested they dont want to be the first to issue high credit lines when there are no other accounts reporting. Thats were I'm going with this...

Also do you have any auto loans reporting???

[creditdream]

This is what i got so far . BK filed on 10-15-05,and discharge on 02-01-06

EQ fico score as  03-14-08          610 

EXP fico score as 03-14-08         684

TU fico score as  12-15-07           625

1. ORCHARD BANK $500  $29 AF

2. HOOTERS            $1100 NO AF

3. WELLS FARGO    $1000 $25 AF ( secured )

4. JCPENNY              $600

5. MERVYN'S            $300

6. WAL-MART            $500

Declined JUNIPER CARNIVAL on 11-30-07

Declined GAP on 01-02-08

WISH ME LUCK .

[Anonymous]

Bk discharged 06/2003

Capital One 1000 limit NO AF (monthly maintenance fee-3.00) got 2004

WAMU Visa 2000 limit  NO AF got 2007

WAMU Mastercard 2000 limit NO AF got 2007

Juniper 500 limit (was 1750 decreased b/c of too many new accounts) got 2007

Walmart 600 limit--NO AF got 2007

Macys 800 limit--NO AF got 2007

JCPenney 1000 limit--NO AF got 2007

Shell Gas card 300 limit --NO AF got 2007

Household Bank --650 limit NO AF got 2005

HOOTERS 1500 limit--NO AF got 2008

All my scores low to high-mid 600s

[GST2008]

BK discharged 5/2003 Juniper Platinum Mastercard $2200, no AF, 21.9% APR (had since 10/2005) Orchard Bank Gold Mastercard $2200, $39.00 AF, 12.9% APR (had since 5/2006) Orchard Bank Platinum Elite Visa $2000, $39.00 AF, 11.9% APR (had since 5/2007) Bloomingdale's $2100, no AF, 21.9% APR (had since 11/2007) As of 3/14/08, TU=633, EQ=691, EX=672 I applied last night for the HSBC AMEX, declined due to BK; but was pre-approved for the HSBC Platinum Mastercard, so I applied for that instead and was declined b/c apparently you can only have two products from HSBC/Household bank/Orchard Bank at one time. Just thought I'd warn everybody else and save them the Inquiry

[Anonymous]

Mizzlinda--your BK should drop off this year and it should not be affecting your scores much now.  Get that utilization down to 10% if you can and you should see difference in scores and should be able to get decent cards.  You shouldn't need secured anything.  Try for WAMU now.  DO NOT EVER BE LATE!!!!

[GST2008]

As a follow up to my last post, I just got off the line with HSBC's customer care (figured I'd try for a recon.). They told me I was declined for the HSBC Amex due to BK and that I was declined for the pre-approved Plat. MC b/c my credit history was too short with them. The rep said the fact that I have two accounts with Orchard has nothing to do with getting denied, there is no real product limit from HSBC, it's b/c one of the accounts is only 10 months old. When it reaches a year or more, I'm invited to try again. I pointed out that the other account was close to two years old and both have been paid in full and I've had other products with the company that all have had similar good payment history, but she still wouldn't reconsider but she thanked me for my business and promptly hung-up. I have one other app. out there for Connex Credit Union, but won't find anything out for 10 days, wish me luck b/c after that I've used my 3 Hard Pulls I allow myself for the year.

[Anonymous]

My first CC after BK was from Providian.  My BK was filed 1/98 and discharged 5/98.  Not sure what my score was when they sent me a pre-approved offer w/no Credit Check.  Got my card 10/98 w $1,000 CL.  They almost tripled my CL after about 3 years - of course I traveled extensively for my job at the time; maxed it out every month, but paid off each time I got an expense check back. 

[Anonymous]

Here's my scenario -- I'd appreciate any suggestions!

Ch. 13 BK filed 10/04, discharged 2/08.  I actually re-established credit during the BK (HHB actually gave me a card 9/05 during my BK repayment plan -- started at $300, now is $1000, but rate is 24% - ouch!)  So I have about a 2 1/2 year history with them -- never late.  I also was able to take out two student loans during the BK, so have been paying on those for about the last 1 1/2 years, again no lates.  I opened an account with Dell 1 year ago, with a $2000 limit - no lates.  I recently opened an account with Orchard Bank - 14.9% only $750 limit)  I applied for a LOC with local CU in 2/08 and was approved for $1000 at 13.9%.  All no lates.  So, for revolving credit, I have:

HHB:  limit $1000

ORC: limit $750

Dell:  limit $2000

CULOC:  limit $1000

I have two unsecured installment loans with Prosper (a great resource):  1 is 1 year old and the other is 4 months old.  Rates are 15% & 17% - initial loan amount of each was $4000.  No lates.

I'd like to find revolving credit with a higher limit, say $5000 or more, but not sure where to apply.  WAMU and Discover were in my BK, so seems like they won't approve me (from reading here it seems Discover wants higher scores than mine anyway).  Should I try Juniper?  Hooters?  I don't want to go through the inquiry just to get a puny $300 - $750 limit.   None of my cards had high starting fees associated with them, but do have annual fees (not Dell).  BTW, Dell is a super high rate - 26% - that is killing me.  Can't WAIT to pay that off.  In fact, one of my goals is to get a higher limit card so I can balance transfer at least HHB and Dell. 

Right now, my debt-to-credit limit ratio is high -- about 67%.  My goal is to reduce this to about 20% in 4-5 months.  Should I wait until I've done this to apply for anything more, since reduction in the debt-to-credit limit ratio plus the additional 4-5 months of on-time payments will increase my scores?  Or should I go with a merchandise card -- one with the lowest fees I can find -- that would report a $10,000 LOC?  If I got that, and used only a minimal amount, my debt-to-credit limit ratio would immediately go to 21%.  Then, following my first plan of reducing the outstanding balance of the other revolving credit over say 4 months would put me at about 10% utilization, thus putting me in an even better position for being approved, I would think.

I know time is the best healer, but it's hard not to be as proactive as possible.  But it seems even when you work hard to pay down the debt, you still have to wait months to see much improvement.

Any suggestions?  I want to get up to 720 in about 6-8 months because my fiancee and I want to buy a home. 

I appreciate any help you can offer! 

EQ:  616 3/25/08

TU:  564 3/25/08

EXP:  630 3/25/08

[Anonymous]

What about Bank of America?  BK friendly?  I am really looking for a credit line of at least $5000 or more if possible... Should I try Pentagon FCU?