I was discharged on 9/21/2009 and started receiving all of the letters (auto loans, cc's, etc) with really bad rates. Yesterday, though, my wife and I received an offer (each) from Orchard Bank. Mine said pre-approved (yeah, ok) for 9.9% variable with a $39 dollar annual fee and a 25 day grace period. (Hers was 19.99% with a $74 dollar annual fee, I was suprised at the huge difference, but I haven't pulled her report to do any clean-up yet).
I was going to get a secured card to start rebuilding my credit in a few months, but figured that this was a pretty decent offer considering I am less than 2 weeks post discharge. I figured, what the heck, might as well apply (figuring that I would be rejected anyway). So I applied and was approved!!! $500 dollar limit, should be getting the card soon!!!
I am planning on locking it at my parents house in their safe, I am going to change my auto-pays for cell phone and dish (that are currently coming out of my checking account) to go on the credit card and then setup an auto-pay to pay the credit card off every month. Essentially, I will be doing the same thing as now, but using a credit card to help rebuild.
Pretty excited, I've read about a lot of other people on the boards who have had problems getting new credit. Maybe I just got lucky, but there is hope out there for all.
Note: I did not discharge any debt from HSBC in my bk. I had always been on time with all payments up to 3-4 months before filing, so that might have helped the approval. Also, the bk shows up on all my credit reports and I only had one item to dispute on one report (a car we turned in that was being reported as a charge off instead of iib).
I was going to get a secured card to start rebuilding my credit in a few months, but figured that this was a pretty decent offer considering I am less than 2 weeks post discharge. I figured, what the heck, might as well apply (figuring that I would be rejected anyway). So I applied and was approved!!! $500 dollar limit, should be getting the card soon!!!
I am planning on locking it at my parents house in their safe, I am going to change my auto-pays for cell phone and dish (that are currently coming out of my checking account) to go on the credit card and then setup an auto-pay to pay the credit card off every month. Essentially, I will be doing the same thing as now, but using a credit card to help rebuild.
Pretty excited, I've read about a lot of other people on the boards who have had problems getting new credit. Maybe I just got lucky, but there is hope out there for all.
Note: I did not discharge any debt from HSBC in my bk. I had always been on time with all payments up to 3-4 months before filing, so that might have helped the approval. Also, the bk shows up on all my credit reports and I only had one item to dispute on one report (a car we turned in that was being reported as a charge off instead of iib).
, I am too going to use it to pay for a utility bill automatically so that I can start rebuilding my credit score.
.... AND- 6/27/09- got engaged
I was REALLY surprised I was approved for the Capital One card with my credit history (I stopped paying a year before I filed, so I have soooo many charge-offs and delinquencies on my cc history).
I got a car loan and a credit card... so, I'm all set. I hope my score goes back up fairly quickly as its important for my job, my car insurance, my apartment complex. My complex even told me that if my score/credit isn't cleaned up by the time I renew my lease they may have to charge me additional security deposit... which I think is dumb but when I signed the lease I was not required to put any security deposit down, so I guess they want some kind of insurance in the event I try to stiff them... lol.
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