Credit Karma Score out of BK

[Postbankrupt]

Yes, absolutely! Actually, you don't even have to wait that long for a secured card as your deposit acts as your credit limit. ******** After you have had your secured card for a few months, you can start to apply for an unsecured card in order to rebuild your credit further. Good luck!

[Amy26]

How do you know if a credit union is bk friendly? Other than its not being Wells Fargo, of course.

There is another site that keeps track of all credit card approvals and "BK Friendly Creditors". Of the ones I know, I will list which ones are BK friendly (from my own personal experience and others):

DCU: Digital Federal Credit Union (anyone can join - believe they are friendly pretty early on after discharge)
Alliant FCU (anyone can join - usually friendly betwen 1-2 years post discharge)
SDFCU: State Department Federal Credit Union (anyone can join - not sure on how long after discharge, I didn't apply till 2 years)
Congressional Federal Credit Union - anyone can join (unsure on time after discharge)
PSECU (Pennsylvania State Employees Credit Union) - Anyone can join if you live in PA (3 years post discharge)
Navy Federal CU (restricted membership, friendly between 3-6 months after discharge)
Partners Federal Credit Union (restricted membership, friendly between 6 months - 1 year)

Those are the ones I know off the top of my head (and ones I'm a member of). Membership should be fine for any BK people to join up but the time frames I listed are for obtaining credit products.

Also, I know others have said it already but please do not put a grain of salt in the Credit Karma credit score... it can be WAY off from your real score.

[ksgirl38]

So I just checked my score on Credit Karma out of curiosity. I had been getting emails the past few weeks and knew it had fallen, but didn't want to know how much. It's showing a drop of 66 points to 700. My 341 was yesterday. Can I expect it to fall again and if so when?

[Drazil65]

Checked all three credit bureaus this past weekend on hubby (he was discharged 3/21/12), the lowest score was 632 and the highest was 688. He had late pays prior BUT no collections or judgements before filing. Also, have continued to make ontime payments on both cars (one is now paid off since discharge) which are showing as "current, never been late" on both. Everything else is as it should be on all three reports after discharge. We are waiting on foreclosure to happen on our out of state rental as they have just started the paperwork (we have been served notice) after a year of not paying, it was surrendered in the chp 7. He is now getting offers each week for unsecured CC, even with decent rates, not great rates but decent.

[tobee43]

higher or lower, it sounds like they are not that accurate. i guess it's the old adage: you get what you pay for?

my score just went up since i started typing on this thread LOL! (seriously).

[barnhartred]

we were looking to buy a camper rather than get a credit card. thought i stood a chance with a creditkarma score of 636 and the wifes 654. now looking into a lot gaurantees financing I believe i'm looking at a 16% intrest rate. but salesman told me pay on time for 6 to 8 months i can refi at a lower rate. i just want to stay away from credit cards.

[Logan]

my creditkarma score was higher. i just applied for a loan the rejection letter had the experian score on it

I believe CK uses transunion and it's possible transunion differs from your experian by quite a few points. My CreditKarma score was close but a little lower the last time I pulled my FICO.

Logan

[BK2008]

I found a year ago that CreditKarma scores were actually lower than what my home lender pulled on all three bureaus. Go figure.

I just use their number for an average to see if the score moves up or down in any significant way. Take the number with a grain of salt.

[barnhartred]

my creditkarma score was higher. i just applied for a loan the rejection letter had the experian score on it

[ace300s]

I used creditkarma it will give you alert when you have a hard hit on your credit but the score is nowhere near correct. Mine was near 90 points off what they had posted.

I've read that the KC score is not accurate. But 90 points is a big difference. Was KC 90 higher or lower than your credit score?

I'm a little over a month since my BK7 discharge. I've checked and made sure all three credit report info was correct. Prior to BK, my reports show no collections or lates. I have a lot of accounts discharged in BK (17) and about 20 accounts listed in good standing. My out of BK Credit Karma score is 634. I guess its time to check my real credit score. BTW, whats the best way to do that? Just pay the fee?

Thanks for the info

[barnhartred]

I used creditkarma it will give you alert when you have a hard hit on your credit but the score is nowhere near correct. Mine was near 90 points off what they had posted.

[daveinIL]

Interesting....my CK rating went from 639 on June 2, 2012 to 650 today.

edit: It appears that a credit inquire from RAB in July 2010 was removed. What is RAB? I assume a collection agency?

[tobee43]

we are 1 month after discharge and experian says the credit score is 648. I thought that was pretty good just out of a Ch 7 BK but I really have nothing to compare it to...so it's helpful to see what others scores are....

ours was in the high 600's like 680 or so. mainly because it's not that we were late on any bills, it was really because of the bk. so if you didn't have a ton of bad things on there before it's likely your score will not completely go down the tubes. the problem is getting it back up there! ours has barely moved since we filed and that was a few years ago. we have had cards and perfect payment records etc. it's made no difference.

[hmsmith]

we are 1 month after discharge and experian says the credit score is 648. I thought that was pretty good just out of a Ch 7 BK but I really have nothing to compare it to...so it's helpful to see what others scores are....

[tobee43]

The alerts will tell you about changes on your credit report which I like to monitor in case of fraud.

Logan

oh yes, i have those alerts, they never go off LOL!!