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

Can’t get approved

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

  • Can’t get approved

    Hi I’m 7 months post discharge and can’t seem to get approved for Any type of credit? My score has gone up significantly in the 650 range but can’t seem to get approved for anything including secured cards? Will this change at the one year mark ? Any experience in this? Thanks

  • #2
    It seems like it is hit or miss. Wife was approved unsecured before discharge even complete, where I have had no such luck....

    Comment


    • #3
      Originally posted by ashley90 View Post
      Hi I’m 7 months post discharge and can’t seem to get approved for Any type of credit? My score has gone up significantly in the 650 range but can’t seem to get approved for anything including secured cards? Will this change at the one year mark ? Any experience in this? Thanks
      Some secured cards are difficult, but I would wait to make sure that my credit report was as clean as possible. All discharged accounts should be IIB (included in bankruptcy) with a $0 balance and no history reporting. I would also make sure that the case is closed too (although after 7 months the bankruptcy should be reporting as closed). Also remember that many inquiries will also cause creditors to be leery of your applications.

      I suggest only trying those cards that will "pre-qualify" you without impacting your score (such as Capital One). With a 650 credit score, and I'm not sure if that's a true FICO or not, you won't get most major credit cards and most "major" bank issued cards.



      Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
      Status: (Auto) Discharged and Closed! 5/10
      Visit My BKForum Blog: justbroke's Blog


      I am not an attorney. Any advice provided is not legal advice.

      Comment


      • #4
        You will get a secured card at some point. Might even surprise yourself with an unsecured card. Might be good to wait some time at this point if you’ve submitted hard applications at this point. Other Lenders won’t know for two or more months if any of your applications have turned into actual credit when your creditors start reporting the line of credit.

        I had a 546 FICO score in June and got a discover secured card this month. I currently have no score because of no activity for six months (I had no nondischargeable debt).

        Comment


        • #5
          Try getting the Open Sky Card I just got one tonight they don't check credit , they do want last 2 paystubs to submit to their website to show income. I also got the Greendot card.

          Comment


          • #6
            I am now 18 months or so Post discharge. I will share some of my experiences that may or may not be helpful. We're all different but maybe some of this will help others-

            about a week after my discharge, i was able to get a car loan with a co-signor. I was destroyed by the Dealer on this! I will post that story separately as I think its a huge lesson for anyone!
            At about 3 months post discharge I tried to get a card. I was denied for secured credit cards. I decided to wait.
            At 6 months i got a 300 limit store card.
            At 9 months post discharge, I got a quicksilver with 2k limit. they just raised that for me automatically last month to 2.5k
            at a year I refinanced the car, on my own, half the interest.
            at 12 months i refinanced my student debt, and took out a 2nd mortgage for home repair . I did not reaffirm the mortgage, but kept the house. now, I have a mortgage reporting on my credit.


            some of my observations/thoughts/practices in no particular order to help keep out of debt:

            -if you have a student loan, the payment history stays, so that may help you, I think it did for me. stay current.
            -rates will be sky high! do not carry a balance, or you will pay dearly. resist the temptation to buy anything you don't need. If you can live without it, live without it. Having a small amount, 50-250 bucks, roll over might help you actually as it shows you can carry and keep current on a balance.
            -get a cash back card. Its awesome to see the credit card company PAY YOU! if you run 20K a year through the card, at 1.5 percent back, you just made $300. that's easy to do if you put all your expenses on it. just pay it off in full each month or you negate that pay out.
            -got a 2nd job. that is your extra spending money to pay for things you want but don't need.
            -i don't carry a balance on any card, i did this a little out of necessity a few times, but the interest is agony and no longer do it.

            Comment


            • #7
              Originally posted by sak View Post
              Try getting the Open Sky Card I just got one tonight they don't check credit , they do want last 2 paystubs to submit to their website to show income.
              +1 on the OpenSky card. Easy to get with no credit check, reports to all three bureaus, and will jump-start your credit rebuild.

              Comment


              • #8
                Have you tried a store card? My wife got a Kohls card two weeks after discharge. I didn't want us to get ANYTHING for awhile but she thought she might as well try to start rebuilding her credit. I was shocked....

                Comment

                Unconfigured Ad Widget

                Collapse
                Working...
                X