How long after dc was it before you got *GOOD* offers?

[AMISLANDER]

A creditor does not have to extend credit to you if you apply. If they deny you they have to give you the reason why. If there is a BK on your credit report, that is an excellent reason for a denial. It shows you are a risk. It is not against the law for them to deny you credit if you do not meet their criteria for approval.

It has been well discussed in this forum that Chase is one of several creditors that will blacklist somone who includes them in their BK filing. Now if they digress from that as to high interest car loans I have no clue. Maybe the bailouts the banks received changed some of their lending processes for high risk loans. Many folks were concerned on here when Washington Mutual went under and was taken over by JPMorgan/Chase since they included Chase in their filings and had obtained a Washington Mutual credit card after filing. Chase is just one of the creditors that is not BK friendly.

RE: Paragraph #2
I had the WAMU card which is now Chase (who I did bankrupt on, can't remember amount). Once I pay off my balance, would it be likely they close me down?

[cupcake]

did you just apply on a website or get a offer in the mail?

I applied on their website and never received any offers through the mail prior to applying online.

[RBisDebtFree]

But how about when the bankruptcy is no longer on your credit report and you have great score, income, down payment? If you meet the criteria and have sufficient income / down, they can't legally deny you just because you are in a blacklist? I mean, is it legal for a bank to have a black list? If so, what's the point of Equal Opportunity Lending?

Can you tell me where I can find more info on which other banks blacklist their bankrupt customers?

Thanks a lot for the info!

[Flamingo]

While I agree with the statement above, I have to add that Chase was one of the creditors on my bankruptcy petition but at the dealership, they were the only ones to approve me, though at a very high interest rate. And I have seen others have same experience with chase. So not to argue or disagree, I would like to ask: do they do it on individual basis? Are they even allowed to do this by the law? How about Equal Opportunity Lending / Housing?

A creditor does not have to extend credit to you if you apply. If they deny you they have to give you the reason why. If there is a BK on your credit report, that is an excellent reason for a denial. It shows you are a risk. It is not against the law for them to deny you credit if you do not meet their criteria for approval.

It has been well discussed in this forum that Chase is one of several creditors that will blacklist somone who includes them in their BK filing. Now if they digress from that as to high interest car loans I have no clue. Maybe the bailouts the banks received changed some of their lending processes for high risk loans. Many folks were concerned on here when Washington Mutual went under and was taken over by JPMorgan/Chase since they included Chase in their filings and had obtained a Washington Mutual credit card after filing. Chase is just one of the creditors that is not BK friendly.

[RBisDebtFree]

Some creditors that are included in your BK filing will blacklist you permanently and if you apply to them will never extend you credit. Chase is one of them. Some creditors just see a BK on your credit reports and will not extend credit. There is no guarantee.

While I agree with the statement above, I have to add that Chase was one of the creditors on my bankruptcy petition but at the dealership, they were the only ones to approve me, though at a very high interest rate. And I have seen others have same experience with chase. So not to argue or disagree, I would like to ask: do they do it on individual basis? Are they even allowed to do this by the law? How about Equal Opportunity Lending / Housing?

[Flamingo]

The most BK friendly banks for shortly after discharge are Orchard Bank and Capital One but there is no guarantee you will be approved. Many have reported they are denied. While BK is not the end of the world it still will haunt you credit wise for as long as it is on our credit reports so don't be surprised to receive the denials.

Some creditors that are included in your BK filing will blacklist you permanently and if you apply to them will never extend you credit. Chase is one of them. Some creditors just see a BK on your credit reports and will not extend credit. There is no guarantee.

[texas1882]

I was approved for an unsecured Cap1 CC with a $1,000 limit a month or so after my discharge. If you need a CC, definitely try Cap1 first.

did you just apply on a website or get a offer in the mail?

[cupcake]

I would try Capital One, they got me approved 5 days after discharge, I think a number of members on this forum had positive experience with them, some even got approved after including the bank in their bankruptcy...

I was approved for an unsecured Cap1 CC with a $1,000 limit a month or so after my discharge. If you need a CC, definitely try Cap1 first.

[RBisDebtFree]

I would try Capital One, they got me approved 5 days after discharge, I think a number of members on this forum had positive experience with them, some even got approved after including the bank in their bankruptcy...

[texas1882]

How long after dicharge did you receive good cc offers? And what bank and credit limit/APR did they give you?
Thanks!

Also, did you file on the company you now have a card with.

I had one with Orchard and filed on them like 100.00 but I really don't want to go back with them.