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I was on the USAA site today to set up payment for my insurance bill, and decided to take a look at the offers. After a long time where they were absent - I forget exactly when the last time I looked was, but they weren't there then - credit card offers were available again. I'm pretty sure these were just marketing offers, but the fact that they're available again after a long while makes me wonder; how long after Chapter 7 BK is filed/discharged (when USAA isn't a part of the BK) can one apply for a USAA credit card without being automatically declined? I attempted that two years ago, before I was really well-educated at all on credit (it's kind of alarming how little I really knew up until the last 24 months or so!) and of course got turned down due to the BK on my report. It's two years later now and I'm well along on my rebuild, so hypothetically speaking, if I were to apply anytime within the next six months or so, would I be automatically turned down again or would the application at least process?
@FinStar wrote:
I think NFCU has more promise on the outcome versus those lenders who may have certain BK restrictions. So, this weekend?
I recall the days when NFCU was out of reach given they finally opened their doors last year to veteran members. They have definitely been a great institution to do business.
Yes - I'm taking Friday afternoon off for the Labor Day holiday (but will still be in town, like I've said elsewhere, I'm not that much of a traveler in general) so my plan is to swing by the local NFCU branch in Manassas - I previously thought there were 2, but the other one, the one I had been thinking of originally, closed so I need to go to the newer one that opened a couple of years ago - after I get back from work, join up (I have the application in PDF form and it looks like both savings and checking are default so I'll need to have some money to fund both) and then see about cashRewards (I'll ask about others just to cover the bases). I'll make a copy of my father's service papers to save time.
From everything I've seen, Navy these days is one of the most post-BK-rebuilder-friendly lenders around, if not the single most friendly one, and I do feel decently optimistic that my profile will be good enough for a good SL; I really should have joined last year but I was still working my ways through all the ins and outs and never got around to taking the late lamented San Diego "back door" while it was still open, not that I ever really needed it anyway in retrospect. So we'll see!
BK must be 5 years I believe if I recall what pizza stated(to be considered), but she can chime in on this one.
@CreditCuriosity wrote:BK must be 5 years I believe if I recall what pizza stated(to be considered), but she can chime in on this one.
@If that's correct, then @FinStar gave good advice, don't give up on USAA just yet. Of course that means I still have another year to go before I can be considered, but we'll see how things go then. Interestingly enough, that makes USAA a lot more like Amex than like Chase in this regard, and I'm also considering Amex down the road. First things first though...
@FinStar wrote:
IIRC, I believe BK has to be off your CRs before they can consider, unless their BK policy has changed.
I recall @pizza1 having some DPs on USAA, but don't know how long ago or recent those were.
7 years is their policy, and they completely wipe the slate clean from their system. I had "heard" of someone who got in after 5 years, but was skeptical, so 5-7 yrs post DC. I have been trying for the past 2 years and Im instantly declined every time, and immediately counter offered the secured card, which I decline. I still try though, lol..
@pizza1 wrote:
@FinStar wrote:
IIRC, I believe BK has to be off your CRs before they can consider, unless their BK policy has changed.
I recall @pizza1 having some DPs on USAA, but don't know how long ago or recent those were.7 years is their policy, and they completely wipe the slate clean from their system. I had "heard" of someone who got in after 5 years, but was skeptical, so 5-7 yrs post DC. I have been trying for the past 2 years and Im instantly declined every time, and immediately counter offered the secured card, which I decline. I still try though, lol..
I knew you'd have the scoop! Thanks for the DP's @pizza1