Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Unsecured CCs Approved - 2 Days After Discharge

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Unsecured CCs Approved - 2 Days After Discharge

    Just in case anyone is interested. My wife & I applied for Capital One Platinum cards and Orchard Bank Mastercards this afternoon - we were just discharged on the 20th. All 4 cards were approved instantly. Cap1 cards have $39 annual fees, the HSBC cards had $49. They'll provide us decent revolving history on our credit reports.

    I spent the morning doing online disputes w/ the credit bureaus. And, now I took care of the CCs. We'll bounce back from this. What a lesson this has been!

    -AA
    Stopped paying CCs 1/10 | Stopped paying mortgages 2/10 | Interviewed attorneys 3/10-5/10 | Retained attorney 5/14/10 | Delivered paperwork to attorney 6/17/10 | Filed Ch7 7/9/10 | 341 8/16/10 | Objection Deadline 10/15/10 | DISCHARGED 10/20/10

  • #2
    Originally posted by AlmostAmos View Post
    We'll bounce back from this.

    -AA
    Four credit cards before the ink dries on your BK is not going to be the reason you bounce back. I sincerely hope you do, but it won't be because of a credit card.


    Originally posted by AlmostAmos
    What a lesson this has been!
    Last edited by LSUTiger32; 10-22-2010, 05:17 PM.
    New Orleans: Home to the World Champion Saints, the biggest enviromental disaster and the biggest natural disaster in the history of this nation. Proud to call it home!

    Comment


    • #3
      2 days after your discharge and 4 credit cards approved? Yeow... I'd say congrats but...I'm still wondering why you did that so soon, and why 4. Guess to each their own.

      Comment


      • #4
        Originally posted by Pandora View Post
        2 days after your discharge and 4 credit cards approved? Yeow... I'd say congrats but...I'm still wondering why you did that so soon, and why 4. Guess to each their own.
        I think the OP meant two for himself and two for his wife. That is two positive trade lines each. Getting the cards right after discharge is not a problem as long as they are used sparingly and paid in full each month.
        You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

        Comment


        • #5
          Originally posted by backtoschool View Post
          I think the OP meant two for himself and two for his wife. That is two positive trade lines each. Getting the cards right after discharge is not a problem as long as they are used sparingly and paid in full each month.
          Yeah I know - but 4? I can see maybe one that has a joint holder, but 4 seems excessive. You only get the rating if you use the cards, kwim?

          Comment


          • #6
            Originally posted by Pandora View Post
            Yeah I know - but 4? I can see maybe one that has a joint holder, but 4 seems excessive. You only get the rating if you use the cards, kwim?
            I see your point Pandora, but I think its better to get the cards and take the hit right away and have the inquiries and the new accounts be part of the post discharge healing. I think that many husbands and wives maintain separate credit lines. And buying a cup of coffee once a month and paying for it right away is not going to be an issue in my opinion. Of course I know there are other ways to do this too.
            You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

            Comment


            • #7
              Understood Different strokes - different folks. Do they really let you charge a cup of java these days? Wow... been so long since I've had a credit card I have no clue! LOL

              Comment


              • #8
                Originally posted by Pandora View Post
                Understood Different strokes - different folks. Do they really let you charge a cup of java these days? Wow... been so long since I've had a credit card I have no clue! LOL
                Well it depends on the coffee....I always get a grande soy cappuccino at Starbucks and that comes to $5 which they allow me to charge.
                You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

                Comment


                • #9
                  Originally posted by backtoschool View Post
                  Well it depends on the coffee....I always get a grande soy cappuccino at Starbucks and that comes to $5 which they allow me to charge.
                  Ahhhh... I see. I'm so picky...I dont like any other coffee but mine at home and I always take it with me if I go anywhere. The things we learn huh? ;)

                  Comment


                  • #10
                    Well, calm down there Tiger. Yes - I mean 2 cards for my wife and 2 cards for me. We don't do joint cards. I realize these small CCs will not be our reason for success, nor did I mean it that way. What I mean is this is ONE of the steps required to get our credit scores back up to par - just like correcting our credit reports. In a several years from now, I plan to buy another house & need to have things looking good on paper. I'm saving quite a bit of cash & believe that together w/ decent credit I'll have no problem with this.

                    I did it now as my plan as been 2 lines for each of us & I wanted to take the hits now.

                    Believe me, I've learned my lessons w/ credit cards. I just discharged $100k of credit card debt & could have easily charged another $100k on my available credit.
                    Stopped paying CCs 1/10 | Stopped paying mortgages 2/10 | Interviewed attorneys 3/10-5/10 | Retained attorney 5/14/10 | Delivered paperwork to attorney 6/17/10 | Filed Ch7 7/9/10 | 341 8/16/10 | Objection Deadline 10/15/10 | DISCHARGED 10/20/10

                    Comment


                    • #11
                      Originally posted by AlmostAmos View Post
                      Well, calm down there Tiger. Yes - I mean 2 cards for my wife and 2 cards for me. We don't do joint cards. I realize these small CCs will not be our reason for success, nor did I mean it that way. What I mean is this is ONE of the steps required to get our credit scores back up to par - just like correcting our credit reports. In a several years from now, I plan to buy another house & need to have things looking good on paper. I'm saving quite a bit of cash & believe that together w/ decent credit I'll have no problem with this.

                      I did it now as my plan as been 2 lines for each of us & I wanted to take the hits now.

                      Believe me, I've learned my lessons w/ credit cards. I just discharged $100k of credit card debt & could have easily charged another $100k on my available credit.
                      I am sorry, nothing personal but anyone who just discharged one hundred freaking thousand dollars in credit card debt just should not be worried about fixing their credit score two days after their discharge. The idea that these courses that we are forced to take during bankruptcy encourage this makes me sick.

                      No one wants to hear the comparison but it is like a drunk going through rehab and taking a cab from the rehab facility to a bar. "Give me a jack and coke and make it a double.....I learned my lesson."
                      New Orleans: Home to the World Champion Saints, the biggest enviromental disaster and the biggest natural disaster in the history of this nation. Proud to call it home!

                      Comment


                      • #12
                        Originally posted by LSUTiger32 View Post
                        I am sorry, nothing personal but anyone who just discharged one hundred freaking thousand dollars in credit card debt just should not be worried about fixing their credit score two days after their discharge. The idea that these courses that we are forced to take during bankruptcy encourage this makes me sick.

                        No one wants to hear the comparison but it is like a drunk going through rehab and taking a cab from the rehab facility to a bar. "Give me a jack and coke and make it a double.....I learned my lesson."
                        It is not the same LSU. Credit is a financial tool, not a drug (for most) and buying a home requires established credit (for most). Please do not judge others that are in different situations than you.
                        You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

                        Comment


                        • #13
                          Originally posted by backtoschool View Post
                          It is not the same LSU. Credit is a financial tool, not a drug (for most) and buying a home requires established credit (for most). Please do not judge others that are in different situations than you.
                          Where did I judge him? And you are so wrong on the point about it not being the same.....it's every bit like a drug habit for a lot of people and it's just as serious.

                          I deleted my the rest of my post, not going here again. I'm sorry, I can't agree with anyone who thinks this is OK. Can't change who I am.

                          I wish the OP the best of luck......I'm moving on to another thread. I did learn my lesson as far as this is concerned.
                          New Orleans: Home to the World Champion Saints, the biggest enviromental disaster and the biggest natural disaster in the history of this nation. Proud to call it home!

                          Comment


                          • #14
                            There is nothing wrong with obtaining a credit card or two after discharge if one is able to get approved - the majority do not get approved as the hundreds of postings otherwise in this forum indicate. Folks right out of Chapter 7 need to know that part of the reason they got approved was that they are now debt free (i.e., the OP himself states he is saving a lot of cash now) and creditors know that those folks if they get back in their old habits cannot file another Chapter 7 for 8 years.

                            In today's world, a credit card is a necessity for many things and many people are afraid to carry cash and cannot make car rentals or hotel reservations with cash or a debit card. There are good reasons for wanting to have a card on hand. However, one good point was made here that those that went crazy with credit cards prior to filing and discharged a lot of credit card debt need to know that there is more involved than just needing a credit card (having a credit card makes one feel like they have status just out of a BK after having not having them for a while) and hopefully lessons will be learned and folks learn how to control their money and not let it control them.

                            Anyone who files BK needs to take a long hard look at why one had to file - debt causes bankruptcy, not credit cards and credit cards cannot use themselves...
                            _________________________________________
                            Filed 5 Year Chapter 13: April 2002
                            Early Buy-Out: April 2006
                            Discharge: August 2006

                            "A credit card is a snake in your pocket"

                            Comment


                            • #15
                              I do see LSU's point to an extent, but it really can go both ways. None of us ever want to go through what we did before having to do BK (at least I hope not).

                              The pluses to opening both right away is that they take the hits as well as it immediately helps with the "average age of credit lines" and such. Actually, it's probably now in the best interest for the OP to never have to open up another credit card ever from this point forward if the goal is really just to re-build the FICO scores.. because "time" will heal the scores, also.

                              Minuses is "slowlyyyyy" getting back into the old habit of opening a credit card "here and there" over years (that's what happened to me). Of course, don't start buying cars and putting little down and financing the rest (assuming OP has necessary transportation for work/family).



                              It all relies on us to learn from our past and reading/learning from others, this forum, etc. Facing the reality of "needs vs wants" is huge, imo. When I'm out with my wife, I question pretty much everything we buy... even down to small household items. I say "Do we NEED it? Can we live without that?" For things like toilet paper and such, of course not! But paper towels? Hmm.. we've cut back on a lot of things and the money saved sure adds up.
                              Retained Lawyer: 04/2009 Filed: 09/2009 341 Meeting: 10/2009 Discharged: 12/2009 Asset: 05/2010 made asset Closed: 07/2013 after 47 long months

                              Comment

                              Unconfigured Ad Widget

                              Collapse
                              Working...
                              X