When Do Better CC Offers Start Coming?

[marko56]

I was discharged last August and currently have a Capital One, Orchard and Household. I have paid down my balance on Capital One, have a small balance on Householdwhich I am paying off nicely as well as the same for Orchard. I have a corporate Amex which I am paying on time and a used car auto loan which I am ahead of on payments. I got rid of my First Premier about a month ago.

It's not that I am looking for additional credit but am wondering if any of the more serious banks would view my "come back" as an opportunity to extend some offers to me rather than the crappy stuff I am getting from companies such as Aspire and the like. It should be noted that I went "belly up" on the good companies such as Chase, Citibank, Bank of America, NBNA so it may be unlikely that they would be rushing to give me credit any time soon. Should I not be holding my breath and just stick with what I have?

[Princesskina]

Hmmm I say stick to what u have why want so much credit so soon?...


How about request higher limits or lower precentage rates on what u already have.

[GoingDown]

This is just me, but personally speaking, if I was in your situation I would stop using those credit cards immediately and try to pay them off as quickly as possible. If any of them have annual fees or other kinds of membership fees, then cancel them after you pay them off.

Bankruptcy gave you a second chance to live debt free. Don't put yourself back under their bondage and control.

Get a checking account and use their debit card instead of using a credit card. That way you can't spend more than you make each month.

Or use cash. From my own personal experience, I've noticed that I don't spend nearly as much now that I am paying for everything with cash. I stop and think about each purchase and make sure that it is something I really need to buy, and if not, then I don't buy it. No more impulse purchases. And I find that my savings is actually building up for the first time in my life.

[SinkingFast]

Or use cash. From my own personal experience, I've noticed that I don't spend nearly as much now that I am paying for everything with cash. I stop and think about each purchase and make sure that it is something I really need to buy, and if not, then I don't buy it. No more impulse purchases. And I find that my savings is actually building up for the first time in my life.

I've noticed the same thing too, GD.

If I go to the grocery with my Debit Card, we spend more. If I'm carrying cash, we only get what's on the list.

[FilingOnMyOwn]

I don't think theres anyone wrong with obtaining more credit... As long as you're not using more than you can afford to pay in a month. When you say you're 'finally' paying down your orchard card, what do you mean by 'finally'? That card probably has a 300-500$ limit, so why wait to pay it off? I maxed 5 out of 7 of my cards last month, I've paid 3 of them in full, and when I get the bills to the rest I'll pay those in full too. Thats how you improve your credit.

[FoolAndHisMoney]

I was discharged last August and currently have a Capital One, Orchard and Household. I have paid down my balance on Capital One, have a small balance on Householdwhich I am paying off nicely as well as the same for Orchard. I have a corporate Amex which I am paying on time and a used car auto loan which I am ahead of on payments. I got rid of my First Premier about a month ago.

It's not that I am looking for additional credit but am wondering if any of the more serious banks would view my "come back" as an opportunity to extend some offers to me rather than the crappy stuff I am getting from companies such as Aspire and the like. It should be noted that I went "belly up" on the good companies such as Chase, Citibank, Bank of America, NBNA so it may be unlikely that they would be rushing to give me credit any time soon. Should I not be holding my breath and just stick with what I have?

Good for who, you? Not likely. Themselves yes.

[marko56]

I don't think theres anyone wrong with obtaining more credit... As long as you're not using more than you can afford to pay in a month. When you say you're 'finally' paying down your orchard card, what do you mean by 'finally'? That card probably has a 300-500$ limit, so why wait to pay it off? I maxed 5 out of 7 of my cards last month, I've paid 3 of them in full, and when I get the bills to the rest I'll pay those in full too. Thats how you improve your credit.

I said I was paying them off "Nicely" , not finally.

I have higher lines with Orchard (over $1,000) Househould (several hundred) Capital One (about a grand) which I paid off.

Thanks for the advice.

[FilingOnMyOwn]

I said I was paying them off "Nicely" , not finally.

Oops, sorry bout that

[NissanMan]

This is just me, but personally speaking, if I was in your situation I would stop using those credit cards immediately and try to pay them off as quickly as possible. If any of them have annual fees or other kinds of membership fees, then cancel them after you pay them off.

Bankruptcy gave you a second chance to live debt free. Don't put yourself back under their bondage and control.

Get a checking account and use their debit card instead of using a credit card. That way you can't spend more than you make each month.

Or use cash. From my own personal experience, I've noticed that I don't spend nearly as much now that I am paying for everything with cash. I stop and think about each purchase and make sure that it is something I really need to buy, and if not, then I don't buy it. No more impulse purchases. And I find that my savings is actually building up for the first time in my life.

I agree with this. People seem to be careful with cc's at first but then they get comfortable with spending and then get bolder and braver buying bigger things and saying they will pay them off. Before long they find that it is hard to pay them off and get caught in the card trap.

[Minnymouth]

It's real easy to get back in to using the CC's again........ especially if we use them daily and not for emergencies.....

After claiming BK is best to use cash for a while and keep the cc for emergencies or occassional purchases to build credit back up.

Best policy is "think for 24 hours" before you charge on that card..... do I realy want to do this?

Sometimes "buy now, pay later" can really mess ya up!